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In this tutorial, Tiffany Weber, a real estate attorney in North Carolina, explains the distinction between an addendum and an amendment in real estate contracts. An addendum is used to add new terms to an existing contract without altering its original terms. In contrast, an amendment changes the previously agreed-upon terms of the contract. Tiffany provides examples of common addendums related to the standard offer to purchase in North Carolina, pointing out that the North Carolina Bar Association and the North Carolina Association of Realtors have created standardized forms for these common addendums. This distinction helps real estate agents understand when to use each document type effectively.
