Free Pennsylvania Real Estate Practice Exam Practice Question
An amendment to a sales contract SHOULD be signed or initialed by the:
Correct Answer: D
Rationale: An amendment to a sales contract should be signed or initialed by the seller and the buyer to ensure that both parties agree to the changes. This mutual consent is crucial for legal enforceability and clarity in the transaction.
Option A, the party adversely impacted, is insufficient as it does not encompass the agreement of both parties involved in the contract.
Options B and C include the broker, who typically acts as an intermediary but does not hold the authority to amend the contract on behalf of either party. Only the seller and buyer have the legal standing to modify the terms of their agreement.
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