Contracts
An addendum to a real estate contract:
AReplaces the entire original contract with new terms
BAdds to or modifies the terms of the original agreement and is incorporated into it✓ Correct
CIs only valid if recorded in the borough recorder's office
DMust be signed only by the broker, not the parties
Explanation
An addendum is a document that adds to or modifies the terms of an existing contract. Once signed by all parties, it becomes part of the overall agreement. Addenda are commonly used to address inspection results, extend closing dates, or add special conditions.
Related Alaska Contracts Questions
- An Alaska buyer who is under duress when signing a purchase agreement may later:
- Which of the following would make an Alaska real estate contract unenforceable due to the Statute of Frauds?
- In Alaska, a residential lease that violates the Residential Landlord and Tenant Act by including an illegal provision is:
- An addendum to an Alaska purchase agreement:
- A buyer in Alaska has been given possession of a property before closing under a 'pre-closing occupancy agreement.' If the sale falls through, the buyer's status is most like a:
- A buyer makes an offer on a property and the seller responds with different terms. This seller response is best described as:
- An Alaska buyer includes a financing contingency in the purchase agreement. The buyer is unable to obtain a loan. The buyer is entitled to:
- In Alaska, the option period in an option-to-purchase agreement gives the optionee the right to:
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →