pp-0203

Real estate attorney handles 30 closings per month and FinCEN's new Residential Real Estate Rule (effective March 2026) requires evaluating every transaction for reportability, collecting beneficial ownership information from transferees, filing reports electronically with FinCEN, and retaining records for 5 years — civil penalties up to $1,430 per violation and $111,308 for patterns of negligent activity, and nobody at the firm knows which transactions trigger reporting

1
Vendors
0
Roles Affected
2
Practice Areas

Practice Areas

real-estatecompliance

Vendors (1)

Ranked by contextual fit — vendors focused on this specific problem rank higher than generalists. How rankings work

#1 Fincen Report rlegaltech #120
Compliance & GRC
medium confidence
Score
165.0
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