Broker shall market the Property to the best of their abilities in order to achieve the highest sales price feasible for the Seller. Notices, of this Offer, shall cause this Offer, without further action of either party, to become a binding contract for the sale of Property.1. Identify the Buyer and Seller details. This free Michigan real estate purchase agreement template addresses key aspects like purchase price, contingencies, and closing terms. Get a comprehensive understanding of Michigan real estate purchase and sale agreements with our indepth overview and free template. At a bare minimum, a binding purchase agreement for real estate in Michigan must be in writing and must include all of the following essential terms:. A licensee shall disclose to a potential buyer or seller in a real estate transaction all types of agency relationships available and the licensee's duties.