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The tutorial discusses amendments to a contract, emphasizing that changes can be made during the option period. The speaker introduces an amendment form that has remained largely unchanged since November 2, 2015, highlighting important paragraphs relevant to a one to four family contract. When sending an amendment, it's essential to include specific items and consult a broker before making significant modifications. Typically, amendments will involve checking one of the provided options (1 through 8). The speaker notes that amendments can be made at any time, but they are most commonly executed during the option period.