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Are you saying that there was a firm offer and a firm acceptance without any conditions?
Did the purchaser waive the condition?
Unfortunately, unless they waive the condition you have no choice. You entered into a firm contract conditional on only one condition. There is no way out of it. You cannot change your mind. That is not how the law works. If you try not to close when it is time to close the house sale the purchaser can sue you to compel you to sell the house to him. The agent is correct. I'm sorry this is not the answer you were hoping to hear.
No. There is no such law at all. I'm sorry about that.
You are welcome. I am so sorry this happened to you.