03/06/2026
A new federal rule took effect March 1 that affects some all-cash home purchases.
If a property is purchased through an entity or trust without financing, certain ownership information may now need to be reported to the U.S. Treasury.
A couple important things to know:
• Real estate agents are not responsible for filing the report
• The title company or closing agent handles the reporting
• Buyers using entities or trusts may simply need to provide some additional information before closing
The goal is to bring more transparency to certain cash transactions.
If you ever have questions about changes like this in real estate, Dick and I are always happy to help.