Home sale commission financing would benefit all

Perspective: Savvy lender should step up to buy-side opportunity

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The time has come for mortgage companies to rethink their prohibitions against home buyers being able to finance the buy-side of the real estate brokerage sales commission as part of the home-buying transaction.

Bans against such financing exist because the realty commission is not part of the asset value of the property and is not a contractual obligation of the buyer, and thus, in theory, shouldn’t be included in the buyer’s financing.