A landmark rule from the Financial Crimes Enforcement Network (FinCEN) will impose new reporting obligations on certain real estate professionals. For the first time nationwide, title agents, closing and settlement professionals, attorneys, and others involved in all-cash (non-financed) residential property transfers to LLCs, trusts, or similar legal entities must submit a Real Estate Report to FinCEN.

Conjectures about property values are dangerous whether they come from a real estate salesperson, neighbor, builder or anyone else. Accurate valuations take real work. Valuations for high-value properties can go sideways for two reasons.