One of the latest rules is the FinCen Reporting Rule, and it goes into effect on March 1, 2026.

1) As a buyer you will be asked about the "entity" you represent - Partnership, LLC, or Trust.

2) You will need to confirm, should you be obtaining financing with a lender, if the lender has an AML program (Anti-Money Laundering) with an obligation to file a SARS

3) As a buyer you will need to confirm your Beneficial ownership information and your payment sources with your bank details.

The transaction MUST be reported if:

1) Property is residential real estate including condos, townhomes, entire apartment buildings designed for 1-4 family units, co-ops and vacant land intended for 1-4 family unit structures

2) The transfer is non-financed (e.g All cash AND where a lender does not have an anti-money laundering program (AML)

3) If the buyer is a legal entity or a trust

4) NO exemption applies although there are "some common exemptions" - please reach out to me for more details.

** Failure to comply may result in civil and criminal penalties, including imprisonment**

As real estate agents we MUST be proactive to avoid delays in the buying process as well as to protect you, as our clients, so you are not shocked when your real estate agent and/or escrow company asks for this information.

Surprise, surprise...we have seen a BIG increase of homes still on the market as we went up to 3.4 months of inventory where last month (Dec 2025) we were at only 2 months of inventory. Yes homes are staying on the market longer, we are seeing home mortage interest rates BELOW 6% 30 year fixed and we are still seeing some homes selling in less than a week.

New listings and sales dipped in December as we are again are seeing 2 months or less in inventory of homes and codominiums. With the possibilty of lower interest rates we could see a very busy and robust Spring market for both buyers and sellers