FinCen will now require reporting on residential real estate transactions that meet two criteria:

  1. The buyer is an entity (LLC, corporation, or trust).

  2. The transaction is non-financed, meaning it's either all-cash or uses a lender without a required anti-money laundering program (like a private or hard money lender).

FinCEN Real Estate Report Required?

INVESTORS: Let’s get ready together

Realtors: It’s time to prepare