Paramount Title Agency
FinCEN Real Estate Reporting
Effective March 1, 2026, a new federal regulation from the Financial Crimes Enforcement Network (FinCEN) impacts certain real estate transactions. This rule is designed to help prevent money laundering by requiring reporting on specific real estate purchases.
Here’s a quick overview of what you need to know.
What transactions may require reporting?
The rule generally applies to residential real estate purchases made by a legal entity (such as an LLC, corporation, partnership, or trust) when the property is purchased without financing (all-cash transactions).
What information must be reported?
For qualifying transactions, FinCEN requires reporting details about:
- The property and transaction
- The legal entity purchasing the property
- The individuals who own or control the entity (beneficial owners)
- The seller’s identity
What does this mean for your transactions?
Our title team will determine whether a transaction qualifies for FinCEN reporting during the closing process. If the rule applies, we will collect the required information and submit the report to FinCEN.
Is there an additional cost?
Because this reporting involves additional compliance work and documentation, there will be a small compliance/reporting fee of $120 added to applicable transactions.
What you should expect
If a transaction qualifies, we may request additional information from the buyer and seller or their representatives prior to closing. Our team will guide the process and ensure the reporting is handled correctly and securely.
Our goal is to make this new requirement as smooth as possible for you and your clients. If you have questions about whether a transaction may qualify, please don’t hesitate to reach out.