Use and store this free template to specify obligations between sellers and buyers. From drafting to signing, Contractbook is with you every step of the way.Grab your free PandaDoc-approved Real Estate Agreement template, and customize to the format of a Word doc or a PDF file to send within minutes. Explore what an agency agreement is, its legally binding nature, and when to use one. BUYER agrees to purchase and SELLER agrees to sell the real property, and the improvements thereon, commonly known as: , in the County of. Warning: No representation is made that this form of contract for the sale and purchase of real estate complies with Section 5-702 of the General Obligations. A Broker is a Dual Agent when a Broker represents both Buyer and Seller in the same transaction. A Licensee is a Dual Agent when a. An addendum to purchase and sale agreement is a kind of attachment to a real estate contract that adds new terms and conditions to the original contract. The agreement protects both parties' resources and intellectual property.