If the parties do not agree to pay for the lender required repairs or treatments, this contract will terminate and the earnest money will be refunded to Buyer. The earnest money and Option.Fee shall be made payable to escrow agent and may be paid separately or combined in a single payment. Seller agrees to sell and convey the Property to Buyer, and Buyer agrees to buy and pay. Seller for the Property. In this video, we're going to walk step-by-step through the 10 pages of the TREC One to Four Residential Resale Contract (Form No. Next, specify the parties involved, such as the buyer and seller. Next, specify the parties involved, such as the buyer and seller. Earnest Money Deposit: The final purchase price should include an earnest money deposit. An Offer to Purchase Real Estate sets out the terms of a proposed real estate deal.