Contracts
An addendum to a real estate contract:
AReplaces the original contract entirely
BAdds to or modifies the terms of the original contract and must be signed by all parties✓ Correct
CIs used only to extend the closing date
DIs enforceable only if witnessed by a notary
Explanation
An addendum is a document attached to a contract that modifies, adds to, or clarifies specific terms. It must be signed by all parties to be binding and becomes part of the original contract.
Related Arkansas Contracts Questions
- An assignment of a real estate contract transfers:
- A unilateral contract is one in which:
- Rescission of a contract means:
- A buyer's offer states it will expire at 5:00 PM on Friday. The seller signs and returns the acceptance at 6:00 PM Friday. This creates:
- An earnest money dispute between buyer and seller in Arkansas is typically resolved by:
- A 'walk-through' or 'final inspection' before closing gives the buyer the right to:
- In an Arkansas purchase agreement, a contingency clause allows a buyer to:
- A seller's agent learns the buyer's offer contains a financing contingency for an amount lower than the purchase price. The agent should:
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →