Contracts
An amendment to a real estate contract differs from an addendum in that an amendment:
AIs used only before contract signing
BChanges or modifies terms that already exist in the signed contract✓ Correct
CAdds entirely new conditions not previously discussed
DIs valid only with AREC approval
Explanation
An amendment modifies terms that already exist in a signed contract (e.g., extending the closing date). An addendum typically adds new provisions. Both require the signatures of all parties to be valid.
Related Arkansas Contracts Questions
- The parol evidence rule states that:
- A real estate contract signed by a minor (under 18) in Arkansas is:
- Which of the following contracts would be VOID (not merely voidable) under Arkansas law?
- Which of the following best describes an escalation clause in a purchase offer?
- A real estate contract becomes void if:
- Which of the following is NOT an essential element of a valid real estate contract?
- Which clause in a commercial lease allows the tenant to expand into additional space as it becomes available?
- Specific performance as a legal remedy means the court can:
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →