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In this tutorial, the speaker discusses the process of amending contracts, emphasizing that changes can be made during the option period. He presents an amendment form effective from November 2, 2015, highlighting its consistency over the years. Key paragraphs mentioned include 3, 9, and 12, which pertain to the one to four family contract. The speaker advises that any amendment should include one of the specified items and suggests consulting a broker before making modifications outside these standard options. Generally, the process involves selecting one of the boxes 1 through 8 on the form. The discussion is meant to clarify how and when amendments can be properly executed in real estate transactions.