Utah Code Title 57. Real Estate § 57-19-6. Effective date of application

(i) before the developer's application for registration is approved; and

(ii) for a period of 30 days or less.

(i) submit an application to the division for a temporary permit in the form required by the division;

(ii) submit a substantially complete application for registration to the division, including all appropriate fees and exhibits required under Section 57-19-5, plus a temporary permit fee of $100;

(iii) provide evidence acceptable to the division that all funds received by the developer or marketing agent will be placed into an independent escrow with instructions that funds will not be released until a final registration has been granted;

(iv) give to each purchaser and potential purchaser a copy of the proposed property report that the developer has submitted to the division with the initial application; and

(v) give to each purchaser the opportunity to cancel the purchase in accordance with Section 57-19-12.

(i) the deposit is placed in a non-interest bearing escrow account with a licensed real estate broker, a title company, or another escrow that the division approves in advance; and

(ii) the deposit is guaranteed to be fully refundable at any time at the request of the prospective purchaser.

(i) the division approves the development's registration; and

(ii) the prospective purchaser executes a written purchase contract creating a binding obligation to purchase.