2025 FinCEN Course Lunch & Learn

Description

Beginning December 1, 2025, settlement agents will be required to report certain residential real estate transaction information to the Financial Crimes Enforcement Network (FinCEN). This rule applies when the buyer is an entity (corporation, LLC, trust, etc.) and there is no lender involved with an anti-money laundering program.

To remain compliant, settlement agents will be requesting detailed information from both buyers and sellers. This may include:

• Reporting person information and closing date

• Property address and full legal description

• Buyer/transferee information

• Individuals associated with the buyer/transferee (authorized signers and beneficial owners)

• Seller/transferor information (including trustee details if the seller is a trust)

• Purchase price and payment details, including bank account information for fund sourcing

• Any third-party payment information on behalf of the buyer/transferee

This Lunch & Learn session will help real estate professionals understand these upcoming reporting requirements, what information will be collected, and how this will impact your clients and transactions. By attending, you’ll gain practical knowledge on how to better prepare buyers and sellers, avoid delays at closing, and stay ahead of compliance requirements.