NOTICE: This is a legal and binding Agreement for the purchase and sale of property. It is appropriate for most BUT.The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as. 1) As a real estate broker, I represent: the seller, not the buyer; the buyer, not the seller; both the seller and the buyer; neither the seller nor the buyer. I'm gonna break down all the terms and conditions so you can understand what it means and we're gonna fill that out so you can have a real-life example of it. In our home buying checklist, we lay out the process in 10 easy-to-follow steps to take you along the journey of buying a house of your dreams. Residential and Commercial Purchase and Sale Transactions: We represent buyers and sellers ensuring transactions are smooth, transparent, and legally compliant. 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. Purchase and Sale Agreement. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price.