Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - An amendment, using the promulgated TREC form, is required to change terms in an already executed contract. - For an amendment to be legally valid, it must be in writing and signed by all parties to the contract (buyer and seller). - Common exam scenarios for amendments include changing the sales price, adjusting the closing date, or adding a seller credit for repairs. - An amendment modifies existing terms, while an addendum adds new terms *before* a contract is signed. - A verbal agreement or an email is not sufficient to change the terms of a signed real estate contract in Texas. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep