This is a legally binding Real Estate Purchase Contract ("REPC"). Utah law requires real estate licensees to use this form.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. On this _____ day of ______, 20____ ("Offer Reference Date"). ("Buyer") offers to purchase from. A Utah residential purchase agreement is a contract used when a buyer makes an offer to purchase real estate from a willing seller. This is a great technique to pick up properties. Use this free customizable owner financing contract template to confirm financing between the owner selling a home and a buyer purchasing it.