Contracts
In a real estate transaction, an 'addendum' becomes part of the purchase contract when:
AThe broker drafts it and sends it to the parties
BIt is initialed and dated by all parties✓ Correct
CThe title company reviews and approves it
DIt is recorded with the county
Explanation
An addendum becomes an enforceable part of the purchase contract when all parties have initialed (or signed) and dated it. This confirms mutual agreement to the additional or modified terms. An addendum that is not accepted by all parties is not binding.
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