New FinCEN Rule 2025: What California Buyers & Sellers MUST Know | C.A.R. FRR-PA Explained

Big changes are coming to California real estate.
Starting December 1, 2025, the FinCEN Residential Real Estate Rule (RRE Rule) goes into effect — and it’s now written into our contracts through the new C.A.R. Federal Reporting Requirement Purchase Addendum (FRR-PA, 9/25).

Here’s what this means for YOU:

🏡 Applies to cash purchases $300,000+ through LLCs, corporations, or trusts

📝 Escrow & title are now the “reporting persons” required to file reports with FinCEN

🔍 Buyers must disclose IDs, beneficial ownership, and sometimes even bank account details

👥 Sellers must also provide their info to escrow

⚖️ In probate and trust sales → often means full trust documents including beneficiaries

⏳ Failure to comply = delayed closings or potential breach of contract

📌 Why it matters:
This new reporting rule raises privacy concerns and adds a major layer of compliance to California transactions. Escrow literally cannot close without these disclosures. The FRR-PA form makes it a contractual obligation — so refusing to provide info could give the other side a legal out.

💡 What you can do now:

Ask early what documents will be required.

Work with professionals who understand the new rules.

Don’t wait until escrow to gather IDs, ownership docs, or trust paperwork.

👉 I’m Paige Charnick, Broker/Owner of Beach Equities, specializing in probate, trust, and luxury real estate across Southern California. In this video, I’ll break down the RRE Rule and FRR-PA form in plain English, so you’re ready before these changes hit.

🔔 Subscribe for more real estate law updates, probate/trust insights, and compliance changes every buyer, seller, and attorney should know.

0:00 Intro – Big Changes Coming to Real Estate in 2025
0:30 What is the FinCEN Residential Real Estate Rule (RRE Rule)?
1:20 How the Rule Shows Up in California: C.A.R. FRR-PA Form
2:00 Who Has to Comply: Buyers, Sellers, Escrow, and Title
3:00 Cash Purchases Over $300,000: LLCs, Trusts & Entities
4:00 Privacy Concerns: What Info Gets Reported to FinCEN
5:00 Impact on Probate and Trust Sales (Attorneys & Trustees)
5:45 Contractual Risks: Escrow Won’t Close Without This Info
6:30 How to Prepare: What Buyers & Sellers Should Do Now
7:15 Final Takeaways & What This Means for California Real Estate
7:45 Call to Action – Subscribe for Real Estate Compliance Updates

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