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In this video tutorial, the speaker discusses the process of amending real estate contracts. It emphasizes that even if something is included in the contract, changes can be made during the option period. The speaker introduces the amendment form used since November 2, 2015, highlighting its relevant paragraphs concerning the one to four family contract. When submitting an amendment, it must include specific modifications, typically by selecting options 1 through 8. It's essential to consult with a broker when considering other changes. The speaker notes that these amendments can be made at any time, though they commonly occur during the option period.