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hello everybody and welcome to today's training session on the purchase contract that is the Maryland residential contract of sale today we're going to go over the core contract which are the first 11 pages of this Maryland purchase agreement my name is Tim Brooks with the Brooks group and the ultimate selling team at Keller Williams Realty once again welcome and let's get started ok so let's start out by defining what exactly a purchase contract is a residential contract of sale functions is a legally binding agreement between two parties concerning the terms of purchase or transfer of real property that means that everything in this purchase agreement is going to set out the terms the price what everybody must do who's a party to this contract the buyer and the seller this spells out all of the legalities of their obligations and what they must do to to execute and finally perform on this agreement if there's ever a dispute usually each one of these sections will tell you exactly wha

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