Law Office of Andrea Y. Lee, PLLC
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The FinCEN Residential Real Estate Reporting Rule (sometimes called the Residential Real Estate Rule or RRE Rule) replaces these piecemeal GTO requirements with a nationwide federal reporting obligation. Under the new regime: reporting applies everywhere in the U.S.; there is no minimum price threshold; focuses on reporting where the transferee is a legal entity or trust and the transfer is non-financed (often all-cash).