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A purchase agreement is a legally binding document outlining the home or property sale details. In this contract between the buyer and the seller, the buyer proposes the terms of the agreement, including the offer price.

To become licensed as a salesperson or broker in Massachusetts you must complete the requisite education, complete the appropriate licensing application and pass the relevant examination. At the outset, you must become licensed as a salesperson before you can become a broker.

Seller- The Buyer will sign the P&S first. Once the Buyer has signed the P&S, the listing agent will send the P&S to the Seller for electronic signature. The listing agent also will let the Seller know when in receipt of the Buyer's deposit check.

After you have an accepted offer A purchase & sale agreement (P&S) is a legal document prepared and agreed to by attorneys representing both the buyer and seller in the home purchase transaction. The P&S is signed by both the buyer and seller, and will include final sale price and all terms of the purchase.

Customarily, the buyer's lawyer provides the initial draft of the purchase agreement for a business. This makes sense, since the buyer has to live and work with the company while you will walk away into the sunset with the cash (theoretically, at least).

You aren't required by law to hire a real estate attorney in Massachusetts, but it's a smart decision to make sure your interests are protected. Selling a home involves a huge amount of money, so paying an extra couple thousand for the assurance of legal protection is worth it.