Brokers- Reporting Real Estate Cash Payments-
The IRS- Internal Revenue Service and the Financial Crimes Enforcement Network- CEN both require brokers to report to them large cash payments for real estate. 
In any 12 month time frame if you accept more than $10,000 in cash from one buyer or from one tenant in one transaction or two or more related transactions, you must use form IRS/FinCEN Form 8300 to report your receipt of this cash.
Cash includes United States currency including coins or any other country's currency. Cashier's checks, bank drafts, traveler's checks and money orders in the amount less than $10,000 may be included if these amounts total to more than $10,000 during a 12 month period.
Cashier's checks, bank drafts, money orders and traveler's checks with a face value of $10,000 or more are not required to be reported because the bank on which they were drawn has already reported that transaction.
Whenever you have received over $10,000 you have basically 15 days in which to file your report. You must also notify all the parties of the reporting that are listing on the Form 8300.
For more information about this regulation use can check out IRS publication 1544 which you can get from their website irs.gov.
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