This is a legally binding Real Estate Purchase Contract ("REPC"). Utah law requires real estate licensees to use this form.We write your offer on state approved forms, and we prepare these forms for you to sign, based on your instructions and our guidance. The Real Estate Purchase Contract is a six-page document we use when we write an offer to buy a home. It consists of two sections. This informational guide is intended to answer questions regarding Salt Lake City Code 2.46.050(H). A contract is formed when there is (1) an agreement; (2) for exchange of value; and (3) sufficient terms.