Contracts
An addendum to a real estate contract is used to:
ACancel the original contract
BAdd or modify terms within the existing contract with the consent of all parties✓ Correct
CTransfer the contract to a new buyer
DExtend the broker's listing period
Explanation
An addendum adds or modifies terms in an existing contract with the mutual consent of all parties. It becomes part of the original contract and must be signed by all parties to be valid.
Related Louisiana Contracts Questions
- In Louisiana, 'breach of contract' by a buyer who refuses to close without valid cause may result in:
- Under Louisiana law, an 'authentic act' for the sale of immovable property must be:
- In Louisiana, which of the following best describes an 'auction sale' of real property?
- In Louisiana, the Statute of Frauds requires that real estate contracts be:
- In Louisiana, a purchase agreement that is 'contingent upon buyer obtaining financing at a stated rate' becomes binding on the seller when:
- A 'right of first refusal' in a Louisiana lease gives the tenant the right to:
- A Louisiana purchase agreement states the closing must occur 'on or before' a certain date. If the seller is not ready to close on that date due to title issues, what typically happens?
- A Louisiana listing agreement that contains a 'protection clause' means the broker is entitled to a commission if a buyer who was shown the property during the listing period:
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →