A Real Estate Purchase Contract and Receipt for Deposit are documents used to bind two parties in a real estate transaction. This contract binds a buyer and seller in an agreement to purchase a piece of real estate. The contract outlines the terms and conditions of the purchase, including the purchase price, closing date, contingencies, and other conditions of the sale. The Receipt for Deposit is a document that acknowledges the receipt and acceptance of a buyer’s earnest money deposit. There are two types of Real Estate Purchase Contract and Receipt for Deposit. The first is a standard form contract, which is a pre-printed contract that is filled out with the details of the transaction. The second is a custom-made contract, which is an agreement drawn up by an attorney that is tailored to the specifics of the transaction. In either case, the contract should be reviewed and signed by both parties in order to become legally binding.