R592-16-3
R592-16-3. Definitions
Cite as Utah Admin. Code R592-16-3
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.