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The tutorial discusses amendments to contracts, emphasizing that modifications are possible during the option period. It points out that while a contract may have initial terms, changes can be made using an amendment form, which has been relatively unchanged since November 2, 2015. The speaker highlights specific paragraphs, such as 3, 9, and 12, related to the one to four family contract. When sending an amendment, certain sections must be addressed, and it's advisable to consult a broker before making modifications. Typically, one will check boxes 1 through 8 on the amendment form. The ability to amend can occur at any time, although it frequently happens within the option period.