PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM GLOSSARY
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
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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.
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.
Two weeks after binding agreement, the buyer's lender needs more time. The buyer sends the seller a signed request to move closing back ten days, and the seller has not responded. The contract has no clause letting either party extend closing alone. What is the status of the closing date?
- A
It moves, since the request was delivered in writing
- B
It moves, since the buyer's agent has authority to change it
- C
It moves, unless the seller objects within a day
- D
It stays the same until the seller agrees and signs
An amendment changes an existing contract and needs the agreement of the parties whose rights change. A one-sided written request is only a proposal until the seller agrees. Silence is not acceptance, so the original date stands for now.
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/