Why Sellers Choose One of Plainfield, IL's Top Real Estate Agent Teams for Exceptional Results

February 2026

Big Change in Real Estate Starting March 2026

Starting March 1, 2026, a new federal rule from FinCEN (Financial Crimes Enforcement Network) will require additional reporting on certain real estate transactions.

Here’s the simple breakdown:

Applies mainly to ALL-CASH purchases
Specifically when the buyer is an LLC, corporation, or trust
NOT typically for traditional financed deals or individual buyers
Requires disclosure of who actually owns/controls the entity (beneficial ownership)

Why is this happening?

To increase transparency and help prevent money laundering in real estate

What this means for buyers & sellers:

Expect more documentation during the closing process
Title companies / attorneys will be gathering additional ownership info
Transactions using entities may take a little more coordination
This does NOT stop you from buying in an LLC or trust - it just adds a layer of reporting.

Thank you to our clients, friends and those who refer us to their friends, family and colleagues - for repeatedly making us the Top 2% in transactions!