§ 802.234. Purchase.
66 words·~1 min read·
/us/cfr/t31/s§ 802.234·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The term purchase means an arrangement conveying an ownership interest in real estate to a person in exchange for consideration.
(b)Example: Person A, a foreign person, acquires covered real estate from Person B, a U.S. national, in exchange for land and services. Person A has purchased the covered real estate because the arrangement was predicated on consideration in the form of land and services.