Contracts
In South Dakota, a buyer who needs more time to close a real estate transaction should request:
AAn automatic extension under state law
BAn amendment or addendum to the purchase contract extending the closing date, signed by all parties✓ Correct
CA verbal agreement with the seller's agent
DA unilateral extension filed with the county
Explanation
Any change to the terms of a signed real estate contract, including extending the closing date, must be made in writing through an amendment or addendum signed by all parties. Verbal agreements to modify a real estate contract are generally unenforceable under the Statute of Frauds.
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