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The video tutorial discusses amendments to a contract, emphasizing that changes can be made during the option period. It introduces an amendment form, highlighting its unchanged design since November 2, 2015, and its focus on key paragraphs relevant to the one-to-four family contract. The speaker notes that when sending an amendment, it is essential to include specific details, and while modifications are allowed, consulting a broker before making changes is advisable. Typically, amendments involve checking one of the designated boxes (1-8) on the form. The discussion indicates that amendments can be made at any time, but they are most commonly addressed during the option period.