This pain point was consolidated into a canonical entry. Continue to: 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