NAR Settlement Lending FAQs:
1. Can you roll the buyer's agent commission into the loan?No! However, you can increase the sales price and ask for a Seller Credit to cover commission. *Appraised value must meet sales price.
2. How would buyer-paid agent commission affect the CD?If the Buyer is paying Agent Commission out of pocket, this amount will appear in the Buyer's column, like any other closing cost.
3. Can seller credits cover an agent's commission?Yes! However, the amount of the Seller Credit being used for the Buyer's Agent Commission must be defined in the contract.4. Would credit for commissions count towards IPC limits?No! Realtor fees are considered as customarily paid for by the sellers. Therefore it does not count toward IPC caps.
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