FinCEN's New Residential Real Estate Reporting Rule: Covered Entities and Property Transfers; Reporting Requirements

This CLE webinar will guide practitioners through the Department of the Treasury's Financial Crimes Enforcement Network's (FinCEN) long-awaited residential real estate reporting rule, effective Dec. 1, 2025, to increase transparency in non-financed residential real estate transactions that will significantly impact covered real estate entities. The panel will address who is covered by the new rule, the reporting requirements, and best practices to prepare for compliance.

In its ongoing efforts to combat and deter money laundering, FinCEN's long-awaited final rule that extends anti-money laundering reporting requirements to the residential real estate sector nationwide and increases the transparency of certain non-financed real estate transactions goes into effect Dec. 1, 2025.

The final rule covers businesses, including attorneys, performing specified closing or settlement functions for the non-financed sale or transfer of residential real property to a legal entity or trust. The final rule requires a reporting person, as identified in a reporting cascade, to collect and report certain information related to the transaction to FinCEN in a Real Estate Report.

Reportable information includes beneficial ownership information for the legal entity (transferee entity) or trust (transferee trust) receiving the property, information about individuals representing the transferee entity or transferee trust, information about the residential real property being sold or transferred, information about the transferor/seller, and information about any payments made.

Real estate counsel and clients should understand the extensive reporting requirements, including required reporting persons, reportable transfers of property, and reportable transferees, in order to perform the due diligence required and put processes in place to prepare for reporting obligations.

Listen as our expert panel guides practitioners through the FinCEN final rule soon to take effect and discusses the impact the reporting requirements will have on covered real estate businesses. The panel will also offer best practices for taking steps now to prepare for compliance.