The Advocacy Scoop is the only podcast that takes you inside the advocacy work of the National Association of REALTORSĀ®. The Advocacy Scoop is dedicated to peeling back the curtain on the advocacy operation of the world’s largest trade association. The real estate sector makes up nearly 20% of the entire U.S. economy, and NAR’s advocacy work is critical for …
WASHINGTON (June 11, 2024) ā National Association of RealtorsĀ® PresidentĀ Kevin Sears issued the following statement in response to the Department of Veterans Affairs (VA) announcement of a “Buyer-Broker Agent Temporary Local Variance Circular”: “The VA’s home loan guaranty is the only program that explicitly bans buyers from directly paying for professional real estate representation.Ā We applaud the VAĀ for revising thisĀ policy andĀ allowingĀ veterans …
The Department of Veterans Affairs plans to temporarily lift its ban on buyers directly paying for professional real estate representation until the agency deems it necessary to engage in a formal rulemaking process, a VA official said Tuesday, May 21, 2024, at a Mortgage Bankers Association conference in New York. Although not an official announcement, the comments from VA Deputy …
By Ken Fears This article originally appeared in the March 27, 2024 NAR Washington Report here. The National Association of REALTORSĀ® (NAR) along with the Mortgage Bankers Association (MBA) sent aĀ letter to the Federal Housing Finance Agency, Federal Housing Authority, Fannie Mae, and Freddie Mac seeking confirmation that homebuyers will continue to have access to mortgage credit after the proposed …
By Jeremy Green This article originally appeared in the March 27, 2024 NAR Washington Report here. The National Association of REALTORSĀ® (NAR) submitted a letter to the Department of Veterans Affairs (VA), urging them to revise its policies pertaining to fees veterans cannot pay when using their VA home loan benefit. Under VA policies,Ā veterans using the home loan benefitĀ are prohibited …