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In this video tutorial, Jerry Norton explains the concept of an option agreement in wholesaling real estate, particularly when working with motivated sellers willing to sell at a discount. He highlights the importance of understanding when to utilize an option agreement instead of a purchase agreement. Jerry demonstrates this with a real-life phone call example with a seller. Additionally, he promotes Flipster, a real estate software designed to assist with finding funding and flipping houses. With his experience in the industry, having completed over a thousand deals, Jerry aims to help viewers master wholesaling and flipping to achieve their dream lives. He encourages viewers to subscribe for more insights.