Where must addenda to a Purchase and Sale agreement be kept?

• A. In the brokerage's transaction file
• B. In the lender's file
• C. In the county clerk's office
• D. In the buyer's personal files

Answer: (A)

Addenda that modify or add terms to a Purchase and Sale agreement belong with the brokerage’s transaction file because they are part of the official record of the deal. Keeping them with the executed contract ensures a complete, readily accessible set of documents for all parties, the broker, and any regulatory or dispute-resolution needs. This centralized file also supports proper retention and compliance practices.

They aren’t typically stored in the lender’s file, since that file should contain loan documents and financing details. They aren’t filed with the county clerk, whose records pertain to deeds and public property records rather than the contract’s negotiated terms. They aren’t solely in the buyer’s personal files, which are the buyer’s copies; the broker’s transaction file serves as the formal record of the transaction.