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hello everyone Im Lori Coleman professional standards advisor with the real estate counsel welcome to understanding the new contract assignment requirements this is a condensed version of the webinar that we presented last week June 8 and 9 to managing brokers and our purpose today is to give the benefit to managing brokers that werent able to attend the summit and the webinars last week and also licensees generally who want to find out more about understanding the new contract assignment requirements so lets continue on so the new contract requirement rules require that licensees who are providing real estate services trading services on behalf of a buyer that does not want to have a contract that has the default language in it must present a notice to seller regarding assignment terms now the default language will just articulate that up front because through this webinar rather than repeating the language in every instance Ill refer to the default terms so the default terms tha