02/27/2026
What This Means for Realtors
Here’s what you can expect:
• More documentation from buyers: if your buyer is purchasing through an LLC, partnership, corporation, or trust, they will need to provide ownership and control information.
• Slightly longer prep time before closing: collecting federal reporting details may add steps to your transaction timeline.
• Increased need for early communication: if your buyer/ seller is using an entity or trust, please flag it as early as possible so our team can help keep the closing on track.
What This Means for Buyers and Sellers
Buyers using an entity or trust: you will be required to disclose information regarding the true beneficial owners of the entity or trust purchasing the home.
Sellers: Your information will also be included in the report, but your required information is less extensive.
All parties: It is important to know that:
• This information is not a public report.
• Burchard Abstract is only providing information required by federal law.
