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okay you said this was your favorite form a minute ago before we got started addendum for backup contract now kim since this is your favorite form i think you should walk us through it all right this is my favorite form for many reasons okay why well first off lets just say you make multiple offers on a property and a seller goes with a different offer and your buyer wants to wants that property if something happens well so that you dont have to depend on the listing agent calling you if it falls through or watching the mls if youre already the executed backup then you automatically become the primary when the first one terminates so that is why this is my favorite because we have so much financing especially right now falling through that backups are getting about 20 of the contracts and its also what you execute as whenever youre a listing agent and you have a kick out clause and a buyer comes in to kick out the first buyer you have to execute that that second contract as a back