Which of the following is typically included in the purchase agreement?

The correct choice highlights critical elements that form the foundation of a purchase agreement. A purchase agreement is a legally binding document that outlines the terms of a property transaction, ensuring both the buyer and seller have a clear understanding of what is included in the sale.

Typically, the sale price is one of the most crucial components, as it indicates the amount the buyer agrees to pay for the property. Additionally, contingencies are important clauses that stipulate certain conditions that must be met for the sale to proceed; for example, a buyer might include a financing contingency to ensure they can secure a mortgage before completing the purchase. These elements are essential to clarify the expectations and obligations of both parties involved.

The other options focus on less relevant or less formal aspects that do not typically belong in a standard purchase agreement. Subjective opinions about the property are not concrete or enforceable details that can protect either party in a transaction. Similarly, while the commission rate for a real estate agent might be discussed elsewhere, it is not a typical component of the purchase agreement. Lastly, a buyer's future plans for the property are personal intentions and not relevant to the legal terms of the sale. Thus, including the sale price and contingencies is vital for establishing a straightforward and enforceable