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It is advisable to consult a lawyer or a Realtor when entering into a legally binding real estate purchase contract. – A Utah Real Estate contract is a contract for the purchase of real estate between parties. Real estate contracts are typically bilateral contracts (i. e. , agreed to by two parties) and should have the legal requirements specified by contract law in general and should also be in writing to be enforceable. The seller typically collects an earnest money deposit on the home he/she is selling. Contingencies in the contract dictate the buyers Keep reading