Addendum vs Amendment in Real Estate

What is an addendum in real estate? What is an amendment in real estate? What's the difference between addendum and amendment?
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An addendum and amendment are two important words pertaining to the residential purchase agreement (RPA.)

These words deal with adding or removing items on the RPA, so knowing the difference will help you understand contract changes.

So, what IS the difference between an addendum and an amendment?

Let's start with defining each word.

An addendum is the addition of an item after the real estate contract has been assembled.

In contrast, the amendment is a change or omission of an item on the real estate contract.

Along with explaining how they differ, Robert Rico shows you how to use addendums to make changes to the real estate contract with ease and simplicity in this video.

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