Contracts
What is an addendum vs. an amendment in real estate contracts?
AThey are identical documents
BAn addendum is added when a contract is formed; an amendment modifies an already executed contract✓ Correct
CAddenda are signed after closing; amendments are signed at closing
DAn amendment requires attorney approval; addenda do not
Explanation
An addendum is attached when a contract is being formed to add terms (e.g., inspection addendum). An amendment is a mutual written modification to an already signed and executed contract.
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