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In this video tutorial, Paul Emery and Zack from Real Estate License Wizard discuss the release clause, also known as a buyout clause. This clause allows for the release of all or part of a property from a mortgage claim by paying a proportional or full amount. It is commonly found in blanket mortgages. The video aims to clarify the definition and significance of the release clause in real estate, particularly for those preparing for the real estate exam. They also emphasize the importance of understanding various clauses in real estate contracts, as they play a crucial role in the industry.