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Contracts & Transfer of TitleNational portion

Amendments vs AddendaReal estate exam study notes

An ADDENDUM is attached at formation — it adds terms to the offer before or at acceptance (financing addendum, lead-paint addendum) and is part of the original bargain.

5 key facts 3 practice questions Reviewed Oct 2026
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Key ideas

  • An ADDENDUM is attached at formation — it adds terms to the offer before or at acceptance (financing addendum, lead-paint addendum) and is part of the original bargain.
  • An AMENDMENT changes an EXISTING contract after both parties have signed — a price reduction after a bad inspection is an amendment, and it needs fresh mutual consent (signatures) to bind.
  • Neither party can amend unilaterally.
  • Exam cue: before/at signing = addendum; after signing = amendment.
  • Both must be in writing for a real estate sale under the statute of frauds, and licensees should use promulgated or counsel-approved forms rather than drafting language.

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Fair-housing accessibility design rules apply to certain multifamily buildings first occupied after:

What you need to know

An AMENDMENT changes an EXISTING contract after both parties have signed — a price reduction after a bad inspection is an amendment, and it needs fresh mutual consent (signatures) to bind. Neither party can amend unilaterally. Exam cue: before/at signing = addendum; after signing = amendment. Both must be in writing for a real estate sale under the statute of frauds, and licensees should use promulgated or counsel-approved forms rather than drafting language.

Amendments vs Addenda: FAQs

Is Amendments vs Addenda on the real estate exam?

Yes. Contracts & Transfer of Title is a scored domain on the real estate licensing exam, and this topic appears in the national portion.

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