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

   1. (a) A agrees to sell real property to B;
   2. (b) B then agrees to sell the same real property to C; and
   3. (c) B plans to buy from A and sell to C.

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

KEY: escrow insurance flip

Date of Last Change: December 23, 2021

Notice of Continuation: November 25, 2024

Authorizing, and Implemented or Interpreted Law: 31A-2-404(2)