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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.
Get up to speed on the latest contract changes, including FinCEN requirements and Addendum EE—what’s changed, why it matters, and how to guide your buyers and sellers with confidence.
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.
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.
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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