PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM GLOSSARY
Amendment
An amendment is a later agreement that changes, deletes, or replaces terms in an existing contract.
Contracts
Contract changes and transfer
Define, distinguish, apply, retrieve
Official exam outline plus authoritative Georgia or federal references where the topic has a controlling rule. Independent educational resource, not affiliated with GREC or PSI.
Continue from definition to exam-ready recall.
1,300+ Georgia and national questions, detailed explanations, spaced review, readiness tracking, Math Coach, and offline study. $59.99 once with no subscription.
passgeorgiarealestate.com/download
PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEBuild the complete exam definition
Learn the rule, separate it from the nearest distractor, then apply it to a Georgia fact pattern.
What does Amendment mean?
An amendment is a later agreement that changes, deletes, or replaces terms in an existing contract. It requires the consent of the parties whose obligations or rights are changed.
How do you separate the nearest exam answer?
An amendment changes an existing agreement. An addendum commonly adds provisions to the offer or contract package.
What changes or stays the same in Georgia?
A Georgia licensee should use an appropriate lawyer-prepared form within the scope allowed by license law and obtain the necessary signatures before treating a term as changed.
After binding agreement, buyer and seller sign a document moving the closing date by ten days.
One party's written request is not an amendment until the required parties agree.
Memory cue: One party's written request is not an amendment until the required parties agree.PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDERetrieve the rule under exam conditions
Answer before reading the explanation. Then explain why every distractor belongs to a different term.
Which statement correctly explains Amendment?
- A
An amendment is a later agreement that changes, deletes, or replaces terms in an existing contract.
- B
An addendum is an additional document attached to and made part of a contract to add terms, disclosures, or provisions not contained in the main form, usually at or before contract formation.
- C
An assignment transfers a party's contractual rights to another person, the assignee, without necessarily releasing the original party from contractual obligations.
- D
Novation is the substitution of a new party or obligation for an existing one with the agreement of the necessary parties and release of the replaced party or duty.
Amendment is correct. An amendment is a later agreement that changes, deletes, or replaces terms in an existing contract. It requires the consent of the parties whose obligations or rights are changed. An amendment changes an existing agreement. An addendum commonly adds provisions to the offer or contract package. A Georgia licensee should use an appropriate lawyer-prepared form within the scope allowed by license law and obtain the necessary signatures before treating a term as changed.
Mark each box only when you can perform the skill without looking.
I can define the term in one precise sentence.
I can separate it from the closest look-alike.
I can explain the Georgia rule or confirm that the national rule applies.
I can answer the practice check and explain every option.
PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEConnect the term to the wider exam
Use these relationships to move from isolated recall to a connected exam model.
Contracts complete lesson
https://www.passgeorgiarealestate.com/study-guide/contracts/purchase-agreements
Official exam administration and content-outline source.
https://test-takers.psiexams.com/api/content/bulletin/4672GREC's official portal to Title 43, Chapter 40 and related real estate laws.
https://grec.state.ga.us/information-research/license-law/