Today, the U.S. Department of Veterans Affairs announced that eligible Veterans, active-duty Service members, and surviving spouses who use the VA-guaranteed home loan benefit can pay for certain real estate buyer-broker fees when purchasing a home.

This will help ensure that Veterans remain competitive and are not disadvantaged on the homebuying market due to changes that may result from a key class-action settlement involving the National Association of REALTORS®, which is slated to take effect later this summer. Until today, Veterans could not pay their buyer-broker fees when using their home loans benefits.

C.A.R. and NAR met with the VA and collaborated with industry partners, and held hundreds of meetings on Capitol Hill during the NAR's Legislative Meetings in May to advocate for this change.

The temporary measures will help ensure that Veterans are not negatively impacted by the class-action settlement. VA will continue to monitor how the settlement affects the brokerage market and looks forward to pursuing a rulemaking.

See the Dept. of Veteran's Affairs Announcement and Circular.

See NAR's statement.

June 11, 2024

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