Residential Real Estate Rule: What Your Agents Should Know
Starting March 1, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network will enact the Residential Real Estate Rule. It requires some professionals involved in real estate closings to submit reports to FinCEN regarding certain non-financed transfers of residential real estate (like cash sales) to legal entities or trusts. While not an MLS topic directly, it may be wise to share this with your agents | webinar.
This story originally ran in the Waffle MLS Newsletter. Interested in Markt? Contact us.
