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The tutorial discusses the "option to purchase agreement," often referred to as a simple marketing agreement, that a buyer signs with a motivated seller to gain equitable interest in a property for marketing purposes. The presenter emphasizes the importance of understanding this contract and has it readily available during site visits to avoid mistakes. Key points include identifying the motivated seller as the optionor and the buyer as the optionee, specifying the property's address, and noting the date of signing, which typically sets a 60 to 90-day duration for the agreement. These elements are crucial for correctly filling out the contract.
