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TeachMeFinance.com - explain buy-back agreement buy-back agreement -- a provision in a real estate sales contract stating that the seller will repurchase the property within a specified period of time, usually for the selling price, for a specific cause such as the purchaser being transferred by his or her employer from the area. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.