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The video discusses amendments to contracts, emphasizing that changes can be made during the option period. It explains that an amendment form, largely unchanged since November 2, 2015, is essential for modifying contracts related to one to four-family properties. Key reference paragraphs include 3, 9, and 12. When sending an amendment, specific boxes (1-8) need to be checked, though other modifications can also be made after consulting a broker. The presenter encourages viewers to understand that amendments can occur anytime, with a likelihood during the option period.