Contracts
A Washington buyer and seller agree to extend the closing date by 10 days due to lender delays. This modification to the purchase and sale agreement should be:
ACommunicated verbally through the agents
BDocumented in a written addendum signed by both parties✓ Correct
CEmailed from buyer's agent to seller's agent only
DNoted in the escrow closing instructions only
Explanation
Any modification to a real estate purchase and sale agreement — including extending the closing date — should be documented in a signed written addendum. Verbal modifications to real estate contracts are generally unenforceable under the Statute of Frauds.
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