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In this tutorial, Mike from Caleb Senate Consulting explains the common misconceptions about notarization. He highlights that many people mistakenly believe notarization legalizes or officializes a document, whereas it primarily concerns verifying the signature. The two main types of notarizations are acknowledgments and oaths. An acknowledgment involves the signer declaring to the notary that they voluntarily signed the document, while an oath requires the signer to swear or affirm the truthfulness of the document's contents to the notary. The focus is on the act of verifying the signature rather than the document itself.