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Continental estate contract addendum form Real estate brokers are required to use Commission approved contracts and forms as appropriate to a transaction or circumstance. If a real estate broker is
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How to fill out real estate contract addendum

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How to fill out real estate contract addendum

01
Obtain a copy of the original real estate contract.
02
Identify the specific clauses or terms that need to be modified or added.
03
Write a clear and concise description of the changes or additions.
04
Include the effective date of the addendum.
05
Review the addendum with all parties involved in the real estate transaction.
06
Make sure all parties agree to the changes or additions.
07
Sign and date the addendum in the presence of witnesses if required.
08
Attach the addendum to the original real estate contract.
09
Keep copies of the addendum for all parties involved.

Who needs real estate contract addendum?

01
Real estate contract addenda are typically needed in situations where the original contract needs to be modified or clarified. Examples include:
02
- When there are changes to the purchase price or financing terms.
03
- When there are modifications to the property inspection or repair contingencies.
04
- When additional terms or conditions need to be added, such as an extension of the closing date or inclusion of special provisions.
05
The need for a real estate contract addendum may vary depending on the specific circumstances of the transaction and the preferences of the parties involved.
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A real estate contract addendum is an additional document that is added to a contract to modify or add to the original terms.
Either party involved in the real estate contract may draft and file an addendum, but it typically requires both parties' agreement.
To fill out a real estate contract addendum, you must clearly state the original contract terms being modified or added to, and clearly outline the new terms or changes.
The purpose of a real estate contract addendum is to modify or add terms to the original contract without invalidating the entire agreement.
The real estate contract addendum must clearly identify the original contract, detail the modifications or additions being made, and be signed by all parties involved.
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