Can this form be signed electronically?

Yes. Electronic signatures are legally binding under the ESIGN Act (15 U.S.C. ch. 96) and state UETA statutes unless an exception applies; verify any state-specific rule or court filing requirement before e-signing.

When is notarization required?

Notarization is required for deeds in all states, but additional witness requirements vary. Check the applicable county or state recorder and the state-specific rules for witness counts.

What makes the agreement enforceable?

An agreement is enforceable when parties show intent to sign, consent to electronic records where required, attribution to the signer, and reliable retention capable of reproduction per ESIGN/UETA standards.

How do I correct a signed error?

Minor clerical errors often require an amendment or corrective addendum signed by all parties; material changes typically require a fully executed amendment or rescission and re-execution of a new agreement.

What happens if names or IDs differ?

Name mismatches can delay closing and title transfer; provide affidavits, corrected deeds, or proof of authority (e.g., corporate resolution) to reconcile discrepancies prior to recording.

How long should I keep executed agreements?

Retain executed purchase agreements at least through the active term plus a multi-year post-termination period; follow IRS rules (3 years) and industry-specific retention such as HIPAA (6 years) where applicable.

Electronic Signature
Templates
Real estate
REALTOR Purchase Agreement

REALTOR Purchase Agreement

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REALTOR Purchase Agreement

This Purchase Agreement (Agreement) is entered into between the parties identified below for the purchase and sale of the real property described herein. Agreement Date:

Parties

Seller (Full legal name and contact) Seller Address Seller Phone Seller Email Buyer (Full legal name and contact) Buyer Address Buyer Phone Buyer Email

Property Identification

Property Address (full legal street address) Parcel / APN Number Legal Description

Included fixtures and personal property conveyed with the sale (if any):

Purchase Price and Payment

Purchase Price Earnest Money Deposit

Earnest money to be delivered to Escrow Holder: within days of acceptance.

Financing

This Agreement is contingent upon Buyer obtaining financing as follows: Loan Type: Loan Amount:

Financing contingency period: days after acceptance. Buyer shall use good faith and diligence to obtain financing. If Buyer fails to obtain financing within the contingency period, Seller may terminate this Agreement in accordance with the remedies provision.

Inspection and Due Diligence

Inspection period: days after acceptance. Buyer shall have the right to conduct inspections, tests and investigations at Buyer's expense. Seller shall permit reasonable access for such inspections.

Buyer Repair Requests / Acceptance

Disclosures

Lead-based paint disclosure applicable (if property built before 1978): Yes No

Known mold or water intrusion: Yes No

Prior material damage or repairs (structural, fire, flood): Yes No

If any disclosure is Yes, describe

Title, Closing and Conveyance

Title to be conveyed by General Warranty Deed (or other instrument as agreed). Title shall be free of liens and encumbrances except as disclosed herein. Buyer shall obtain title insurance at closing.

Proposed Closing Date Closing Location / Escrow Instructions

Prorations, Taxes and Utilities

Property taxes, assessments, rents, utilities and other customary items shall be prorated as of closing. Buyer and Seller agree that adjustments shall be made on the basis of the most current taxing authority information and standard escrow practice.

Possession and Risk of Loss

Possession shall be delivered to Buyer on: unless otherwise provided herein. Risk of loss prior to closing remains with Seller; if material damage occurs prior to closing, Buyer may terminate or proceed in accordance with remedies.

Default and Remedies

If Buyer defaults, Seller may retain earnest money as liquidated damages unless otherwise agreed, and may pursue other remedies permitted by law. If Seller defaults, Buyer may seek specific performance, return of earnest money, and any other remedies available under law. Parties agree that pursuit of remedies shall follow reasonable notice and opportunity to cure where applicable.

Insurance and Indemnity

From and after closing, Buyer shall be responsible for property insurance. Until closing, Seller shall maintain existing insurance. Each party shall indemnify the other for losses arising from their breach of representations and warranties in this Agreement.

Representations and Warranties

Seller represents that Seller is the legal owner with full right to convey the Property, that Seller has no knowledge of unrecorded encumbrances except as disclosed, and that Seller will deliver the Property in substantially the same condition as of the date of this Agreement except for normal wear and tear.

Additional Provisions

Governing Law and Entire Agreement

This Agreement shall be governed by the laws of the state specified below. This Agreement, including all attachments and addenda executed by the parties, constitutes the entire agreement between the parties and supersedes all prior agreements and understandings related to the subject matter herein.

Governing State

Acknowledgment and Certifications

Each party certifies that they have the authority to enter into this Agreement, that the information provided herein is true and correct to the best of their knowledge, and that they have had the opportunity to seek legal advice prior to executing this Agreement. Signatures below are binding and constitute a contractual obligation enforceable under applicable law.

Seller Printed Name:

By (Signature):

Date:

Buyer Printed Name:

By (Signature):

Date:

What the REALTOR Purchase Agreement Is and Why It Matters

A REALTOR Purchase Agreement is the primary written contract that records the terms under which a buyer agrees to purchase real property from a seller. It sets price, closing date, contingencies (inspection, financing, title), allocation of closing costs, and remedies for breaches. The form becomes legally binding when executed by authorized parties and reflects state-specific disclosure and notarization requirements. Brokers and agents typically use association-standard forms modified for the transaction; attorneys may adapt or review language for complex deals or unusual title conditions.

Why a Proper REALTOR Purchase Agreement Protects All Parties

A complete, well-drafted REALTOR Purchase Agreement reduces ambiguity about price, closing mechanics, and contingencies, lowering the risk of disputes and costly delays. Electronic execution is permitted under the ESIGN Act (15 U.S.C. ch. 96) and UETA, subject to narrow statutory exceptions.

Who Typically Prepares and Signs This Agreement

Typical users include listing agents, buyer agents, buyers, sellers, lenders, and closing attorneys; each plays a distinct role in execution and performance.

Listing agents prepare and coordinate seller responses and signatures, ensure disclosures, and deliver executed copies to title and escrow.
Buyer agents complete buyer information, verify financing contingencies, and confirm inspection and earnest money instructions before submission.
Title companies or closing attorneys review deed language, confirm escrow instructions, and prepare closing statements for all parties.

Understanding each party’s role helps ensure correct signatory authority, timely delivery of contingencies, and clear routing for documents and funds.

Who Has Authority to Sign the Agreement

Buyer

An individual buyer or authorized corporate signatory may bind the purchaser. If the buyer acts through an entity, use the exact legal entity name and include proof of signatory authority such as a corporate resolution or power of attorney.

Seller

The seller must be the record owner on title or an authorized agent. Transfers by trustee, executor, or entity representative require supporting documentation (trust instrument, letters testamentary, or corporate authorization) at or before closing.

Core Sections Found in a REALTOR Purchase Agreement

A standard purchase agreement groups transactional mechanics into predictable sections so parties and agents can confirm obligations quickly and consistently.

Identification

Names of buyer and seller, legal property description, address, and parcel number where applicable; matching government IDs prevents later disputes.

Purchase Terms

Purchase price, earnest money amount and holder, down payment, and financing condition specifics, including loan type and contingency deadlines.

Contingencies

Inspection, financing, appraisal, and title contingencies with clear cure windows and removal mechanics to avoid conflicting interpretations.

Disclosures

Statutory property condition disclosures, lead-based paint (if applicable), and any special local disclosures required by state law.

Closing Details

Proposed closing date, prorations, closing agent, deed type, and possession timing to coordinate lender and title obligations.

Remedies

Default remedies, liquidated damages or earnest money disposition, and mutual release provisions to manage post-acceptance disputes.

Step-by-Step: Completing the REALTOR Purchase Agreement

Follow these steps in sequence to prepare a transaction-ready agreement that coordinates agent, lender, and title responsibilities.

01

Prepare the draft: Populate buyer/seller, price, and property legal description accurately.
02

Set contingencies: Define inspection, financing, and title deadlines and removal mechanics.
03

Collect signatures: Obtain all party signatures and dates in the correct fields.
04

Deliver to escrow: Send executed copy, earnest money, and required disclosures to title or escrow agent.

How Execution and Routing Typically Work

A clear signing and routing workflow reduces turnaround time and ensures each stakeholder receives the correct package at closing.

Drafting: Agent prepares and reviews the agreement with both parties.
Execution: Buyer and seller sign; witnesses or notarization done if required.
Escrow Delivery: Executed documents and funds sent to the title company or escrow agent.
Recording: After closing, deed recorded with county recorder and copies distributed.

Sample Digital Workflow Settings for Online Completion

When completing the agreement online, configure signing order, authentication, and reminders to match transaction needs.

Field	Configuration
Signing Order	Sequential or parallel
Authentication	Email link, SMS code, or KBA
Templates	Save standard form and clauses
Reminders	Auto reminders and expiration

Technical Options for Electronic Signing and eSubmission

Choose a platform that supports PDF/DOCX, audit trails, and the authentication level required for the transaction.

Formats: PDF and DOCX supported
Integrations: Salesforce, NetSuite, Google Workspace
Authentication: Email, SMS, KBA options

Common Timeframes and Deadlines in a Purchase Agreement

Standard forms include several date-driven obligations; meeting each deadline avoids default and preserves contingency rights.

Inspection Period:

Typically 7–15 days from effective date; exact number varies by contract.

Financing Contingency:

Deadlines often 21–30 days for loan approval or removal of contingency.

Appraisal Deadline:

Set to allow lender to order and receive appraisal before closing.

Closing Date:

Date when funds must be available and deed delivered for recording.

Recording Date:

County recorder records deed post-closing; timing affects legal ownership.

Key Transaction Milestones from Offer to Recordation

A sequential milestone view clarifies responsibilities and the typical order of events leading to a recorded deed.

01

Offer Acceptance

Mutual signatures create an executed contract and start contingency clocks.

02

Contingency Resolution

Inspections, financing, and title issues are cleared or waived before moving forward.

03

Final Closing

Funds exchanged, deed signed, and settlement statement executed at closing.

04

Recording

Deed is recorded with the county, completing legal transfer of title.

Common Mistakes When Preparing a REALTOR Purchase Agreement

Using inconsistent party names between the contract and title documents, which can delay closing and require corrective deeds or affidavits.
Failing to specify the legal property description precisely, relying only on street address, which can create title ambiguities.
Missing or unclear contingency removal language that allows parties to interpret obligations differently and triggers disputes.
Not confirming authority for entity signers or failing to attach required corporate or trust authorization documents, which can void signatures.

Penalties and Risks from an Incomplete or Incorrect Agreement

Contract Voidance: Possible unenforceability

Delayed Closing: Costs and lender issues

Earnest Money Loss: Buyer may forfeit funds

Title Defects: Post-closing disputes

Tax Reporting: Incorrect 1099/TIN consequences

I-9 Exposure: Employment form penalties

Security and Compliance Considerations for Storing and Signing

Encryption: TLS 1.2/1.3 in transit

At-Rest Encryption: AES-256 data encryption

Audit Trail: Tamper-evident event log

Regulatory: ESIGN, UETA, SOC 2

Healthcare: HIPAA BAA available

File Types: PDF and DOCX supported

eSignature Vendor Pricing Snapshot for REALTOR Purchase Agreement Workflows

Compare common plan elements and compliance capabilities; signNow appears first per vendor ordering rules and offers multiple plan types for different volumes.

	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 by plan	Varies by plan	Varies by plan	Varies by plan
Bulk Send	Yes	Yes	Yes	Yes	Yes
Audit Trail	Yes	Yes	Yes	Yes	Yes
HIPAA Compliant	Yes	Yes	Yes	No	No
Envelope Cap	No cap	100 envelopes/user/year	Varies by plan	Varies by plan	Varies by plan

Frequently Asked Questions About REALTOR Purchase Agreements

Answers to common questions about enforceability, electronic signing, notarization, corrections, and retention to help avoid common pitfalls.

Need help? Contact support

Can this form be signed electronically?
Yes. Electronic signatures are legally binding under the ESIGN Act (15 U.S.C. ch. 96) and state UETA statutes unless an exception applies; verify any state-specific rule or court filing requirement before e-signing.
When is notarization required?
Notarization is required for deeds in all states, but additional witness requirements vary. Check the applicable county or state recorder and the state-specific rules for witness counts.
What makes the agreement enforceable?
An agreement is enforceable when parties show intent to sign, consent to electronic records where required, attribution to the signer, and reliable retention capable of reproduction per ESIGN/UETA standards.
How do I correct a signed error?
Minor clerical errors often require an amendment or corrective addendum signed by all parties; material changes typically require a fully executed amendment or rescission and re-execution of a new agreement.
What happens if names or IDs differ?
Name mismatches can delay closing and title transfer; provide affidavits, corrected deeds, or proof of authority (e.g., corporate resolution) to reconcile discrepancies prior to recording.
How long should I keep executed agreements?
Retain executed purchase agreements at least through the active term plus a multi-year post-termination period; follow IRS rules (3 years) and industry-specific retention such as HIPAA (6 years) where applicable.

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