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In this video tutorial, the speaker explains how to create a PDF out of a dog loop document to make changes such as strikethroughs or adding text during negotiations. They demonstrate using an electronic method similar to using pens and paper, where you scratch out an offer price and input a new one. The example shown is receiving an offer as a dog loop document, where only minor edits are possible. They show how to electronically make changes, such as counter offers, by logging into da loop.