contract for purchase or sale

Contract for Purchase or Sale

A contract for the sale of real estate. Realtor organizations set standard contracts for purchase or sale, but these forms may be changed depending on the specific nature of each transaction.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

contract for purchase or sale

A contract for the sale of real property. There is no one form for this purpose,although local boards of REALTORS® typically draft model contracts for customization and use by their members.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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