Which of the following is NOT included in Addendum 10-6?

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Addendum 10-6 provides specific terms and conditions related to real estate contracts, particularly concerning earnest money and the conditions surrounding it. The correct answer highlights that the statement about earnest money being never returned is not accurate when it comes to this addendum.

In real estate transactions, earnest money typically serves as a good faith deposit, and its treatment can vary based on the terms agreed to in the contract and any applicable addenda. Addendum 10-6 indeed outlines scenarios where earnest money may be refunded, indicating that there are circumstances under which the buyer can receive their earnest money back, which highlights that the blanket statement about it never being returned is incorrect.

The other components of the addendum, such as conditions related to the contract and terms agreed upon by both parties, are included to ensure clarity and agreement between the buyer and the seller. Thus, the statement asserting that earnest money is never returned does not reflect the provisions within Addendum 10-6.

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