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recent settlement between the National Association of Realtors (NAR) and a class action lawsuit has led to changes in buyer-broker compensation, effective August 17, 2024. This development affects Veterans and service members using VA's home loan benefits. The key changes include:

    1. Buyer's agents can no longer list homes on the Multiple Listing Service (MLS) with their compensation included.

    2. Buyers must enter into written agreements with Realtors before touring a home, outlining terms of their agent's fee.

    These changes matter for Veterans using the VA-guaranteed home loan benefit because they can now pay certain real estate buyer-broker fees when purchasing a home. As of August 10, 2024, eligible Veterans and service members can cover these costs, promoting access to homeownership. For more information, refer to VA Circular 26-24-14: "Temporary Local Variance for Certain Buyer-Broker Charges" on the Loan Guaranty Service Resources page at https://www.benefits.va.gov/HOMELOANS/resources_circulars.asp