(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.
source: 85 FR 3166, Jan. 17, 2020, unless otherwise noted.
cite as: 31 CFR 802.234