What is a type of real estate fraud that involves the rapid resale of a property at an inflated price?

The correct answer refers to a specific type of fraudulent scheme known as an "Oklahoma flip." This practice involves purchasing a property and quickly reselling it at a significantly inflated price, often without making any substantial improvements to the property. The key component of this scam is the rapid transaction cycle, where the seller may leverage fraudulent appraisals, misleading information, or collusion with buyers to create artificially high prices.

In the case of an Oklahoma flip, the involved parties might take advantage of market conditions or manipulate the perception of value, making it an example of real estate fraud that aims to deceive other buyers or lenders. This practice is distinctly characterized by its quick turnaround and intentional inflation of property value, which ultimately harms the integrity of the real estate market.

While the other options relate to various unethical practices in real estate, they do not specifically align with the quick resale and inflated pricing dynamics defined by the Oklahoma flip. For instance, property scams can encompass a broader range of fraudulent activities, market manipulation might imply a broader manipulation of supply and demand rather than a specific transaction style, and price gouging typically pertains to charging excessively high prices for goods or services, especially during emergencies, rather than the resale of real estate.