Contracts
In Colorado, an 'amendment to a real estate contract' versus an 'addendum' are different in that:
AA. An amendment and an addendum are identical
BB. An addendum adds terms to an existing contract; an amendment modifies existing terms of the contract✓ Correct
CC. An amendment must be approved by the title company
DD. Only an addendum requires signatures of all parties
Explanation
An addendum is attached to the original contract to add new provisions or terms not covered in the original. An amendment modifies (changes) specific existing terms of the contract (such as extending a deadline or changing the price).
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