This is a legally binding Real Estate Purchase Contract ("REPC"). Utah law requires real estate licensees to use this form.Generate, fill in, and complete now. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price. ☐ - Bank Financing. Are you looking for a loan agreement form in Utah? Download our free Utah Loan Agreement Form which is available as PDF or Word documents. Facilitate the home buying or selling process with a Utah residential purchase agreement. Download a template here. The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as.