---
kind: "section"
citation: "31 C.F.R. § 802.212"
title: "31"
number: "802.212"
heading: "Covered real estate transaction."
url: "https://uscodex.org/cfr/31/802.212"
---

# §802.212. Covered real estate transaction.


The term covered real estate transaction means:

- (a) Other than an excepted real estate transaction, any purchase or lease by, or concession to, a foreign person of covered real estate, that affords the foreign person at least three of the property rights under [§ 802.233](/cfr/31/802.233.md);
- (b) Other than an excepted real estate transaction, any purchase or lease by, or concession to, a foreign person of covered real estate, that, through a subsequent change in the rights that a foreign person has with respect to that covered real estate, results in the foreign person having at least three of the property rights under [§ 802.233](/cfr/31/802.233.md); or
- (c) Any other transaction, transfer, agreement, or arrangement, the structure of which is designed or intended to evade or circumvent the application of [section 721](/cfr/31/721.md) as it relates to real estate transactions.

## Notes

### Authority

Authority: 50 U.S.C. 4565; E.O. 11858, as amended, 73 FR 4677.

### Source

Source: 85 FR 3166, Jan. 17, 2020, unless otherwise noted.