FinCEN reporting now applies nationwide, not just in prior “hot spot” markets – what you need to know.

Certain cash and non-traditional real estate transactions now require federal reporting nationwide, expanding rules that once applied only in select markets.

FinCEN has launched a new Real Estate Reporting (RER) system that changes how certain real estate transactions are reported to the federal government. In simple terms, the new system is designed to increase transparency around who is involved in real estate deals, especially in transactions that may pose money-laundering risks. Some closings will now require additional reporting responsibilities, depending on the type of transaction and the parties involved.

For real estate agents and nonprofit organizations:

• Reporting rules may apply even when no bank loan is involved
• The timing and accuracy of information matters more than ever
• Responsibilities may shift between parties at closing

Because these rules are new and still evolving, it’s important to understand how the new FinCEN reporting affects your specific transaction — and who should handle the reporting to avoid delays or compliance issues.

Vista stays up to date on FinCEN requirements and can:

• Explain whether a transaction is impacted
• Handle compliant closings under the new FinCEN reporting system
• Provide training or guidance for agents and nonprofit teams

Frequently asked questions:

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