Contracts
An 'addendum' to a real estate contract is:
AA separate document that voids the original contract
BA document added to the contract that modifies, clarifies, or adds terms✓ Correct
CA required government disclosure form
DA broker's commission agreement
Explanation
An addendum is a document attached to and made part of the original contract that adds, modifies, or clarifies specific terms. Both parties must sign the addendum for it to be part of the contract.
Related New York Contracts Questions
- Which of the following is NOT a required element for a valid real estate contract in New York?
- In New York real estate practice, the contract of sale is typically prepared by:
- In New York, an 'attorney approval contingency' (also called a 'lawyer's review clause') allows:
- Novation in a contract context means:
- In New York, a real estate contract that contains an illegal provision is generally:
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