This is a Legally Binding Contract; If Not Understood, Seek Competent Legal Advice. Tim Brooks and the Ultimate Selling Team is a premier real estate team in Maryland.They work with buyers and sellers. The Seller holds fee simple title to certain real property consisting of Parcels "K" and "C" of the master planned Oxford Square mixed-use development. A master purchase agreement is a legally binding contract between buyer and seller, and typically relates to buying and selling goods rather than services. Section 12.01 Notices………………………………………………………….. 46. Section 12.02 Assignment…………………………………………………….. 47. After you have selected your builder, you will enter into an agreement to purchase a home in the form of a contract. In Maryland, purchase agreements only require a single disclosure form. ACCEPTANCE OF PROPERTY. a.