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so good morning welcome to intensity week 1 this is understanding real estate contracts and processes now as I just mentioned this was going to be drinking from a firehose this will be something that you guys will probably want to reference back to and kind of make sure you really get a grasp on there we go so what happens when you have a client thats ready to write a contract thats kind of the theme for today were going to review common terms associated with real estate contracts were going to review the processes of real estate contracts and identify the differences between the types of real estate contracts and then were going to look at important key features or differences of certain documents I know that sounds totally captivating so what exactly is a contract in real estate this is something important for us to really kind of wrap our head around and very overly simplified its an agreement between two entities to either do or not do something an agreement between the part