No information is available for this page. An exclusive listing agreement provides that the listing agent earns a commission out of the sale price when your house sells within the time period specified.In this video, we will go over everything you need to know about Minnesota real estate purchase agreements. A For Sale By Owner contract Minnesota must include: 1. The Purchase Price, 2. A. Equitable Conversion. The buyer becomes the equitable owner of the property as soon as the PA is signed and delivered. A master purchase agreement is a legally binding contract between buyer and seller, and typically relates to buying and selling goods rather than services. My wife and I sold our 2007 Nissan Murano to a private party - a married couple with two children. A master service agreement (MSA) is a fundamental contract outlining the scope of the relationship between two parties.