FinCEN Rule, Rider Updates to Take Effect
Florida Realtors’ forms now reflect new federal reporting for certain non-financed sales and updates to the Qualifying Improvements Rider. Watch the explainer video.
ORLANDO, Fla. – Florida Realtors® members should review important contract updates affecting residential transactions, including new federal reporting obligations and revised disclosure language tied to qualifying improvements.
Contract Changes for FinCEN Requirements & Addendum EE
Beginning March 1, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network will require a Real Estate Report for certain non-financed residential property transfers to entities or trusts. The rule is aimed at detecting money laundering in real estate transactions. To align with the federal rule, Section 18.I.(iii) of the FR/Bar and FR/Bar ASIS contracts has been updated also.
- Residential Contract for Sale and Purchase – FloridaRealtors/FloridaBar-7x Click here to preview changes
- ASIS Residential Contract for Sale and Purchase – FloridaRealtors/FloridaBar-ASIS-7x Click here to preview changes
In addition, Addendum EE, the Qualifying Improvements Rider, formerly known as the PACE rider, has been revised to reflect amendments to Section 163.081, Florida Statutes.
- Qualifying Improvements Rider – CR-7x_EE Qualifying Improvements Rider Click here to preview changes
The updated forms are available on Form Simplicity beginning at 9 a.m. Friday, Feb. 27. Members with questions can contact the Florida Realtors® Legal Hotline.
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