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[Music] hello everybody thank you for coming to this weeks video blog my name robert rico california realty training so glad you made it today i want to provide you with some fantastic information today were going to talk about this clause now this clause is the liquidated damages clause with me why should you know this because it affects your client whether it be the buyer the seller now the best way for me to explain this to you understand it completely clearly and and 100 is for me to paint the picture you ready lets paint the picture here we go you got a buyer you represent the buyer you with me you got a buyer youre showing them how it says yay look look at us were looking at houses we like these houses you make an offer in the house offer gets accepted now when you made this offer in this house the seller the seller said this to the buyer the seller says hey buyer you want to make an offer on my house you want me to accept your offer i want you to commit to me and the way i