Addenda to a purchase and sale agreement must be:
A. kept in the broker's home office
B. kept in the brokerage's transaction file
C. kept in the firm's trust account
D. signed by the broker
Answer: B. kept in the brokerage's transaction file
A transaction file should include all modifications or addenda to any agreement. The transaction file should be kept where the firm is licensed to have an office, not in a broker's home office. The addenda will be signed by the buyer and seller, not the broker.
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