After thousands of NAR members advocated in D.C. for veteran home buyers to maintain access to professional representation, a VA official signaled last month that the agency planned to temporarily lift its ban on buyers directly compensating their agent.
Today, the VA issued the temporary policy, which will ensure veterans are not put at a disadvantage while the agency determines when a formal rulemaking process is necessary.
NAR launched an all-hands advocacy effort on this issue, working with Congress and the VA committees, meeting with the VA, collaborating with industry partners, and holding hundreds of Hill meetings at RLM.
While applauding this important win, we continue to work toward a permanent solution. Last month, the NAR Advocacy team helped ensure language was included in a manager’s amendment to the House Appropriations bill directing the VA to determine whether the original policy negatively impacts veteran home buyers. NAR is also sending a letter to the House VA Economic Opportunity Subcommittee ahead of a hearing this week, encouraging members to advance legislation to ensure existing VA policies do not disadvantage veterans.
