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Carlos Cardo, Associate Broker, RE/MAX Central Realty

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Does a Veteran rate their own Buyer's agent and real estate attorney! They certainly deserve it!

Not really! The Veteran Home Buyer using a VA Loan  cannot pay for their own Buyer's Agent- according to the Veterans Administration

 

When I first started real estate in 2003 I thought, boy the Seller pays for the Buyer’s Agent’s commission that’s pretty nice of them. This is called a cooperating agent’s fee (“Selling Agent” is the correct term, the owner’s agent is the “Listing Agent”). This Compensation fee is what the Listing Agent/brokerage and Owner have agreed to be paid from the “Total Commission”. It could be 1%,2%,3%... out of a total commission of 4%,5%,6,% or 7% (with the remainder going to the listing agent/brokerage).

There are many discussions/debates that you can find on...

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