Proper Numbering of Addendum's

Proper Numbering of Addendum's

Montebello, CA · Member since 2014 · 2 posts · 0 votes

Hello,

 I am hoping one of you real estate brokers or agents can answer a question for me. When numbering addendum's, what is the proper way?  For example, I was taught that if you have a price change addendum # 1 and then agree to adjust the price again later on it would be Addendum #2 because you are still dealing with the price.  But, if you need to do a second addendum later on for something different,  such as adding a buyer to the contract, the second addendum would also be Addendum #1 because it is for a different thing being changed. Some agents I talk to agree this is the correct way to do it but others say that since you already had Addendum #1 for the price change, the additional buyer addendum would be Addendum #2 because both are addendum's to the Purchase agreement.  Which is correct? I'm in California.

0Reply
41 views

3 Replies

Jump to latestLatest
  • Real Estate Agent · Los Angeles, CA · Member since 2017 · 95 posts · 76 votes
    9y

    Price change would be Addendum #1

    Second price adjustment would be Addendum #2

    Adding buyer to the contract would be Addendum #3

  • Montebello, CA · Member since 2014 · 2 posts · 0 votes
    9y

    Thanks, Ivy.  That's how I always did it when I was an agent but that was may years ago and now I took a course that taught it different and since the agents I spoke to had different opinions I was wondering if something had changed in the last 10 years.

  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    9y

    There would be no other correct way to do it.  Anyone suggesting having two different Adendum 1's is just clueless.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.