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This video discusses amendments to contracts, emphasizing that modifications can be made during the option period. It introduces the amendment form effective as of November 2, 2015, noting its consistent structure focused on specific paragraphs related to one-to-four family contracts. The speaker explains the necessity of including relevant sections when sending an amendment and advises consulting with a broker for additional changes. Typically, amendments involve selecting from options 1 through 8. While these adjustments can occur at any time, they often happen during the option period.