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The video tutorial discusses the importance of preparing legal documents for all real estate transactions. It emphasizes the need for a lawyer to handle the documentation to ensure that all parties are protected and the law is followed. The process involves negotiating with a surveyor and preparing an endangered folder. Failure to have a lawyer involved can lead to legal issues and improper documentation, potentially putting the transaction at risk. It is crucial to have a lawyer handle the legal aspects of real estate transactions to ensure compliance with the law and protect all parties involved.