Prepare for March 1 by attending the Real Estate Section’s program on
understanding the new residential real estate reporting rule from the federal
Financial Crimes Enforcement Network (FinCEN). Major changes are coming to how
Massachusetts real estate and estate planning attorneys must handle many cash-
and entity-based residential property transfers.
Beginning March 1, FinCEN’s new Residential Real Estate Reporting Rule
imposes detailed reporting obligations that will affect everyday practice,
especially for attorneys involved in closings, trust and estate transactions,
and entity-level acquisitions.
This program will offer a practical, attorney-focused roadmap to compliance.
You’ll learn about:
- How to apply the “Five Filters” to quickly identify non-reportable
transactions
- The “Fantastic 9” categories of excluded transfers
- Sample purchase-and-sale and title commitment language to reduce surprises
at closing
- Planning checklists and office procedures to build an efficient, compliant
workflow without slowing down transactions
You’ll leave with a clear framework, customizable tools, and ready-to-use
talking points for clients, lenders, brokers, and other professionals in the
Massachusetts residential marketplace.
Not sure if you’re a reporting person? Better to find out from the panel than
from FinCEN!
This webinar will be held using Zoom. Registration is required by 4
p.m. on Wednesday, Jan. 7, in order to participate in the program. An
email from MassBar Education will be sent before the
program.