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In this video tutorial, the speaker discusses amendments to a contract, emphasizing that changes can be made during the option period. They introduce the amendment form, which remains largely unchanged since November 2, 2015, and highlights specific paragraphs relevant to the one to four family contract. It’s important to consult with a broker before making modifications, though typically, one of the boxes numbered 1 through 8 will be checked for standard amendments. The video outlines that amendments can be made at any time, with the option period being a common time for these changes.