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In this tutorial, the speaker explains how to complete a vacant land contract, highlighting its similarities and differences compared to a traditional as-is contract. The contract requires the legal names of the buyer and seller at the top. If using MLS (Multiple Listing Service), essential details like the legal description and address will auto-populate in the contract through transaction desk. For unlisted land, the parcel ID can be used to retrieve necessary information. Alternatively, all details can be filled out by hand, including the address and legal description. The speaker emphasizes the importance of accurately providing these details to ensure a valid contract.
