Description of Property. Seller agrees to sell to Buyer and Buyer agrees to purchase from Seller certain improved real property commonly known as.Get a comprehensive understanding of Michigan real estate purchase and sale agreements with our indepth overview and free template. THIS OFFER TO PURCHASE REAL PROPERTY (the "Offer") is entered into between. 1. Identify the Buyer and Seller details. The commission agreement template takes you step-by-step through the information necessary to complete the agreement accurately. 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:.