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- Real estate contract buyers are buyers who enter into a written agreement with a seller or a broker to purchase a property12345. The contract spells out the terms and conditions of the transaction, such as the price, contingencies, and closing date345. The buyer usually pays an earnest money deposit to show their commitment and may lose it if they back out of the deal without a valid reason5. The contract is legally binding once both parties sign it4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The agreement between you and your real estate broker is known as a buyers contract or a buyer-broker agreement. Almost every buying agent will want a legal contract with the home buyer that they represent. Buyers contracts are usually bilateral agreements, which means the responsibilities of each party will be laid out in the contract.www.upcounsel.com/buyers-contractA buyer’s agent agreement is a contract between a home buyer and a real estate agent that defines how the two agree to work together. And that’s it! While an agent typically is the one who requests a buyer’s agent agreement, it’s meant to set expectations and protect both agent and buyer in case one party doesn’t hold up their end of the deal.www.ramseysolutions.com/real-estate/buyers-agen…A purchase and sale agreement is a real estate contract. It’s a written agreement between buyer and seller to transact real estate. The buyer agrees to pay an agreed-upon amount for the property. The seller agrees to convey the deed to the property.themortgagereports.com/37569/understanding-a-re…A real estate purchase agreement spells out the terms under which a buyer and seller agree to engage in a real estate transaction. Signing a purchase agreement effectively places both the buyer and seller (as well as the property in question) “ under contract.”www.rocketmortgage.com/learn/real-estate-purcha…A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price. After it is signed, an earnest money deposit is paid by the buyer and is non-refundable if their contingencies are met.eforms.com/purchase-agreements/
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