Who owns contracts and agreements. The real estate firm owns all listings, transactions, management agreements, and other brokerage service contracts. Requirements Delivery of documents. Brokers and managing brokers are required to deliver, fax, or email all transaction records and brokerage service contracts to their firm's designated broker, or delegated managing broker, within 2 business days of mutual acceptance. Commonly, these documents include: In Washington State, a "contract for deed" is often known as a real estate contract. These deals, where the seller holds the title as collateral for the purchaser and the purchaser makes contract payments directly to the seller, can provide an easy way for the buyer to purchase a home without having to run the bank approval gauntlet.