In this tutorial we explain the different sections of the revised Ohio Real Estate Contract. Want to be a Part-Time or Full-time Realtor?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 ultimate purchase and sale agreement designed exclusively for wholesalers and break it down for you. An Ohio residential purchase agreement is a contract between the buyer and the seller of a residential property. Resolving ambiguities in the main contract. Details about adjusting utilities, property taxes and other fees. If these deficiencies are not already addressed in the option or sales contract, the Loan.