The New Mexico Association of REALTORS® is encouraging members across the state to prepare for the new FinCEN Residential Real Estate Rule, which takes effect March 1, 2026.

Beginning March 1, certain real estate professionals involved in the settlement or closing process will be required to submit reports to the Financial Crimes Enforcement Network for specific high-risk residential transactions. The rule primarily applies to transfers of residential real estate to a legal entity or trust when there is no financing from a bank or similar financial institution.

To support clarity and readiness, NMAR will host a Townhall featuring a FinCEN representative on March 4 at 10:00 a.m. MST.

During this session, FinCEN will provide:

• An overview of the new Residential Real Estate Rule
• Guidance on when a report must be filed
• Clarification on who is responsible for filing
• Details on what information must be provided and when reports are due

Time will also be reserved for live Q&A so members can ask questions directly and gain practical insight ahead of implementation.

NMARFinCen Townhall
Wednesday, March 4th | 10:00 am

This Townhall offers a timely professional development opportunity to better understand new federal reporting requirements and ensure compliance before the March 1 deadline. NMAR encourages associations and brokerages to share this information through newsletters, social media, and other communication channels to help members stay informed and prepared.