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Welcome to Intensity Week 1, focusing on understanding real estate contracts and processes. The session will cover the theme of guiding clients through writing contracts. Key topics include common terms associated with real estate contracts, the processes involved, and the differences between various types of contracts. The tutorial emphasizes the importance of grasping these concepts for effective client interactions. A contract in real estate is defined as an agreement between two parties to undertake or refrain from certain actions. The session aims to provide a foundational understanding for referencing in future real estate engagements.