A Texas residential purchase agreement outlines the terms and conditions of an offer to purchase real estate. Seller agrees to sell and convey to Buyer and Buyer agrees to buy from Seller the Property defined below. 2.This agreement formalizes the sale, outlining the agreed-upon terms and conditions, including payment and delivery specifics. DELIVERY OF EARNEST MONEY AND OPTION FEE: Within 3 days after the Effective Date, Buyer must deliver to. , as escrow agent, at. Seller appoints Broker as Seller's sole and exclusive real estate agent and grants to Broker the exclusive right to sell the Property. 2. If an agreement is made, the seller must complete and put forth disclosure forms to the buyer. Create real estate purchase agreements quickly using pre-defined and automated contract templates. Outline terms, conditions, maintenance responsibilities, and insurance requirements. 4. (c) Conditions of offer.