The Missouri Real Estate Purchase and Sale Agreement is a contract that is used to transfer property ownership from a seller to a buyer. It outlines the legal details of the sale, including the purchase price, sale date, closing details, and any other terms and conditions of the sale. The agreement is legally binding and is typically used by real estate agents and attorneys to facilitate the sale of residential property. There are two types of Missouri Real Estate Purchase and Sale Agreements: Standard and Residential. The Standard Agreement is used for the sale of commercial, industrial, and agricultural real estate, while the Residential Agreement is used for the sale of residential property. Both agreements include details about the seller, the buyer, the property, financing, inspections, title insurance, closing costs, and any other relevant information. The terms of the agreement may be modified to fit the needs of the buyer and seller.