Realtor® Legal Tip – Use an Addendum!
June 13, 2018
Author: Curtis Bullock
The Division of Real Estate has seen an increase in the number of contracts that have been altered by hand, whited out, or where wording has been written in the side of the contract to make a change. The problem with this is nobody knows who made the handwritten change, when the changes were made and whether both parties agreed to the changes.
For this reason the State has a rule R162-2f-401b that makes it unlawful to strike through words, use white out or to substitute new language or otherwise alter the REPC without using an addendum.
The best way to make a change to the contract is to simply use an addendum. Using an addendum tells us who made the change, when it was made, and whether both parties agreed to the change.
So avoid fines and disputes by using an addendum.