Contracts
The TREC promulgated form for 'Amendment' to a contract is used when:
AA new offer is being made on the same property
BParties to an existing contract agree to change one or more terms of the contract after it is signed✓ Correct
CThe buyer is requesting repairs based on the inspection
DAn addendum is being added for a new contingency
Explanation
An amendment modifies an existing contract that has already been signed by both parties. It requires signatures from both parties to be effective and should clearly identify the term being changed and the new agreed term. Common amendments include changes to the closing date, purchase price, or inclusion/exclusion of specific items.
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