The South Dakota Real Estate Purchase Agreement is a legal document that outlines the terms and conditions of a real estate sale transaction between a buyer and seller in South Dakota. This type of agreement outlines the agreed-upon purchase price, closing date, and other details related to the sale of the property, such as any inspection contingencies, deed requirements, title insurance, or financing terms. There are two types of South Dakota Real Estate Purchase Agreements: the standard residential agreement and the more complex commercial agreement. The residential agreement is used for the sale of a single-family home, while the commercial agreement is used for the sale of larger properties such as apartment complexes or office buildings. Both agreements contain specific language and clauses to ensure that the seller and buyer are legally protected.