Parties
Identify buyer(s), seller(s), and any brokers or agents by full legal name, business name if applicable, and contact details; specify roles and responsibilities to avoid ambiguity during closing and post-closing communications.
Using the Real Estate Sprague Form standardizes disclosures and terms, reduces ambiguity in negotiations, and facilitates consistent processing by title, escrow, and brokerage teams. It helps ensure required state disclosures are documented and supports audit trails for compliance and dispute resolution.
Brokers, buyers, sellers, title officers, escrow agents, and real estate attorneys commonly prepare, review, or receive the Real Estate Sprague Form during property transactions.
Confirm who completes which sections and who will retain the executed copy to avoid confusion during closing and post-closing requests.
Identify buyer(s), seller(s), and any brokers or agents by full legal name, business name if applicable, and contact details; specify roles and responsibilities to avoid ambiguity during closing and post-closing communications.
Describe the property with street address, legal description or parcel number, and any included fixtures; note exclusions and attach exhibits such as plats or boundary surveys when available.
State the purchase price, earnest money deposit amount, payment schedule, and seller credits; specify how payments are handled, conditions for deposit release, and any financing contingencies or seller financing terms.
List inspection, appraisal, title, financing, and other contingencies with clear cure periods and notice procedures; define who pays for remedies and how parties may terminate or amend if contingencies are unmet.
Include state-mandated property condition disclosures, lead-based paint notices, environmental hazards, and any local disclosure requirements; attach seller-provided reports and highlight material facts affecting value or habitability.
Provide signature blocks for all parties, space for dates and initials, notary acknowledgements if required, and indicate acceptable execution methods including electronic signatures and remote notarization where legally valid.
| Field | Configuration |
|---|---|
| Signer Authentication | Email link, SMS code, or KBA |
| Signing Order | Sequential or parallel signer workflows |
| Attachments | Require ID, inspections, and surveys |
| Notifications | Email reminders and status webhooks |
Digital completion and eSubmission require a platform that supports PDF/Word imports, secure storage, audit trails, and accepted eSignature standards.
Martin Properties replaced paper processes with an online Sprague Form workflow to process closings remotely and maintain compliance across mobile and offline signing.
Optica Ventures used an electronic Sprague Form to simplify customer interactions and ensure team and client ease of use across devices and workflows.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies | Varies | Yes, limited | Yes, limited |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |