Under the new rules, can buyer agent compensation be included in the buyer's mortgage financing?
Question & Answer
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No, it must always be paid in cash
Yes, if the lender and program allow it
Only for FHA loans
Only if the seller agrees in writing
Why is this correct?
Buyer agent compensation may potentially be financed as part of the mortgage if the lender and loan program allow it. Some programs like FHA and VA have provisions for financing certain closing costs including buyer agent fees.
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