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hello my friends eric lee here with equity real estate im the principal broker in utah for equity and i had a request from one of our agents to talk about the notice of gift letter and how we can use that to protect ourselves so first of all i want to show you where to find that now if youre not an equity agent this wont make sense to you this part but we do provide all of our agents with a premium.loop account so im working out of a test file right here and if im working with a buyer because thats when this form makes sense then id go to add document templates go down to buying forms and if i just type gift here in the in the search bar then i can find the notice of gift to clients and there it is right there so we pull this up and first of all i want to actually read through this first section this is actually the law okay so this is copied and pasted right out of the loft so you can know exactly when this is required so theres two parts of it an inducement gift now what is