Which document typically includes details of all contract terms agreed upon by a seller and buyer?

The correct answer is the Purchase and Sale Agreement, as this document serves as the primary contract that details all terms agreed upon by the seller and the buyer in a real estate transaction. This agreement outlines critical elements such as the purchase price, contingencies, closing dates, and any other specific terms regarding the sale of the property.

While the Property Disclosure informs buyers about the condition of the property and any known issues, it does not encompass the comprehensive terms of the sale. The Deed of Trust is a security instrument that can be used in a situation where financing is involved, but it does not represent the terms of the sale itself between the seller and buyer. The Listing Agreement, meanwhile, is a contract between the seller and their agent, detailing the responsibilities of the agent and the terms for selling the property, but it does not include the buyer’s terms or the final sales contract. Thus, the Purchase and Sale Agreement is the definitive document that encapsulates the mutually agreed-upon terms of the transaction.