Share
It appears that plaintiff and plaintiffs counsel’s goal is to force buyers to pay buyer agents directly (out of pocket) versus the buyer absorbing fees into a mortgage.
Suppose buyers must pay their agent directly out of pocket up front versus absorbing fees into a mortgage. This eliminates the VA Loan program and drastically increases fees for consumers seeking FHA loans, comprising ~20% of loan originations.
The impact will disproportionately harm low-income buyers.
The collateral damage from this case could cause this event. The real estate market could crash, harming the same sellers seeking relief.
FULL TEXT: Real Estate Agents Brace for the Potential Demise of FHA & VA Loans
Back to Competition in Real Estate > Consumer Access & Opportunity