Description

FinCEN Real Estate Reporting Rule -- Starting March 2026, new federal reporting requirements will apply to certain residential real estate transactions. GRCC has integrated procedures and safeguards into our title and settlement process—so you can close with confidence and ease. 

What the new federal rule means for residential real estate transactions.
The Financial Crimes Enforcement Network (FinCEN), part of the U.S. Treasury Department, has introduced a new nationwide Residential Real Estate rule that expands reporting requirements for certain real estate purchases. 

In plain terms, this rule: 

• Applies to non-financed transactions where the buyer is an entity or trust. 
• Is designed to prevent money laundering and increase transparency. 
• Covers residential properties (1–4 units) and vacant land where there is an intent to build a 1-4 units residential property. 
• Requires settlement agents to report details of the entity, trust, and individuals behind the purchase – that clients must provide. 

Join to learn what this rule is, what will be required and how it will change closings so smoothly guide clients through this new closing process!