Utah § 79-2-403 - Rulemaking for sale of real property -- Licensed or certified appraisers -- Exceptions.

Full text of Utah Utah Code § 79-2-403 — Rulemaking for sale of real property -- Licensed or certified appraisers -- Exceptions., with citation guidance and answers to common questions.

§ 79-2-403. Rulemaking for sale of real property -- Licensed or certified appraisers -- Exceptions.

79-2-403.  Rulemaking for sale of real property -- Licensed or certified appraisers -- Exceptions.
(1) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, if the department buys, sells, or exchanges real property, the department shall make rules to ensure that the value of the real property is congruent with the proposed price and other terms of the purchase, sale, or exchange.
(2) The rules:
(a) shall establish procedures for determining the value of the real property;
(b) may provide that an appraisal, as defined under Section 61-2g-102, demonstrates the real property's value; and
(c) may require that the appraisal be completed by a state-certified general appraiser, as defined under Section 61-2g-102.
(3) Subsection (1) does not apply to the purchase, sale, or exchange of real property, or to an interest in real property:
(a) that is under a contract or other written agreement before May 5, 2008; or
(b) with a value of less than $100,000, as estimated by the state agency.


Amended by Chapter 289, 2011 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 79-2-403

What does Utah Code § 79-2-403 cover?

Section 79-2-403 ("Rulemaking for sale of real property -- Licensed or certified appraisers -- Exceptions.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 79-2-403?

A common citation format is "Utah Code § 79-2-403" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 79-2-403 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.

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