Utah Admin. Code 592-16-3

Current through Bulletin 2024-24, December 15, 2024

Section R592-16-3 - Definitions

Terms used in this rule are defined in Sections 31A-1-301 and 31A-2-402. Additional terms are defined as follows:

(1) "Land flip" means two or more escrows involving real property where the following or similar circumstances exist:

(a) A agrees to sell real property to B;

(b) B then agrees to sell the same real property to C; and

(c) B plans to buy from A and sell to C.

Utah Admin. Code R592-16-3

Adopted by Utah State Bulletin Number 2015-1, effective 12/8/2014

Amended by Utah State Bulletin Number 2022-01, effective 12/23/2021