What’s New in Release 2025.4

Version 2025.4 was released on August 14th, 2025.

What’s New in Release 25.4 

  • 1031 Exchange Field Display Settings 
    • Enterprise customers can now control whether the 1031 Exchange question on Confidentiality Agreements is hidden, optional, or required – giving more flexibility in how buyer information is collected. 
    • The 1031 Exchange field now appears as a dropdown with “Yes” or “No” options, displayed above the IP Address field on the Agreement Execution page when enabled. 
    • The buyer’s 1031 selection is now included in the Agreements Report export as a new column and remains compatible with existing API responses for a smooth, non-breaking update. 
  • State Field Behavior for New Users 
    • When users register via a generic agreement link and select “United States” as their country, the State field is now blank by default and must be actively selected before submission. 
    • The State field remains required for U.S.-based users, while users from other countries will continue to see “N/A” as the default value. 
    • The default blank State field now applies to all areas where users can be created, including the Broadcast tab, Contacts section, Create User popup, and Client Portal registrations. 
    • This change ensures cleaner data entry by prompting users and admins to intentionally select a State value rather than relying on a pre-selected default. 
  • Decline Buyers via API 
    • A new DeclineBuyers API call allows API users to programmatically decline one or more buyers from a deal, enabling bulk investor management without relying on the UI. 
    • API users can submit multiple email addresses along with a deal ID, team ID, and an optional reason for declining. The response clearly lists successful and unsuccessful updates. 
    • For any buyer that cannot be declined, the API response includes the email address and a reason, such as “user does not exist” or “user already declined.” 
    • This API supports declining buyers only. Undeclining remains a manual action in the RCM platform. 
  • Global Marketing Unsubscribe Status in API 
    • The GlobalMarketingSubscriptionStatus field is now included in API3 responses for each buyer, providing visibility into whether they’ve opted out of marketing communications. 
    • This field returns a true or false value, where false indicates the buyer has globally unsubscribed from marketing announcements via their Client Owned profile. 
    • This update allows API users to better manage communication preferences and tailor outreach based on each buyer’s marketing subscription status. 
  • Listing Engine Microsites 
    • RCM now offers custom, responsive microsites that display Listing Engine content, with editable branding, filterable listings, and customizable layout. 
    • Microsites are fully responsive and provide a seamless experience across desktop, tablet, and mobile.