Million Dollar Listing Los Angeles Season 15, Episode 1 Recap

Cast Overview

Returning Realtors

The premiere episode of Million Dollar Listing Los Angeles Season 15 brings back familiar faces and introduces new agents to the show. The episode opens with Josh Altman discussing the challenges of finding listings in a competitive market, highlighting the difficulties faced by realtors.

Josh’s client is looking for a luxury property on the Westside, but it seems like every house they visit has been priced too high or doesn’t meet their needs. Meanwhile, Heather Rae Young and Tarek El Moussa are shown working with clients to sell properties in different neighborhoods of Los Angeles.

The episode takes a personal turn when Josh discusses his own family’s experiences with the real estate market. He talks about how his business partner, Matt, has been struggling to find buyers for their listings, and how they’ve had to get creative with marketing strategies.

Heather Rae Young is also shown dealing with a difficult client who is being picky about every aspect of the property, from the furniture to the decor. Tarek El Moussa is working on a project in the Hollywood Hills, where he’s trying to sell a modern home that has been renovated with high-end finishes.

The episode ends with a cliffhanger as Josh receives an offer on one of his listings, but it falls through at the last minute. The season appears to be setting up for a dramatic and intense competition among the realtors.

Key Takeaways:

• Negotiations and client relations are key in the real estate business.
• The Los Angeles market is highly competitive, with high demand for luxury properties.
• Josh Altman’s business partner Matt is struggling to find buyers for their listings.
• Heather Rae Young and Tarek El Moussa are both working on difficult client projects in different neighborhoods of LA.

Josh Altman

In the premiere episode of Million Dollar Listing: Los Angeles, Season 15, realtor Josh Altman takes center stage as he navigates the complexities of selling luxury properties in LA.

The episode kicks off with Josh listing a stunning mansion in Beverly Hills for a whopping $4.2 million dollars. The property boasts six bedrooms, ten bathrooms, and features an opulent interior design complete with high ceilings, marble countertops, and sleek glass surfaces.

Josh takes potential buyers through the expansive backyard, highlighting its private tennis court, Olympic-sized swimming pool, and tranquil water feature. As they move through the house, Josh explains his strategy for pricing the property to attract top-dollar offers in a competitive market.

As the open house draws to a close, Josh reflects on the importance of showcasing each home’s unique features to potential buyers. He emphasizes that a well-curated presentation can make all the difference in securing a sale at the highest possible price.

The episode also delves into Josh’s personal life, offering a glimpse into his family and how they support him throughout his busy real estate career. As he juggles showings and negotiations with his clients, Josh credits his wife and children for keeping him grounded and focused on what truly matters.

The episode concludes with Josh discussing the current state of the Los Angeles real estate market, highlighting trends and shifts that influence buyer behavior. He emphasizes the importance of staying up-to-date on local market conditions to provide the best possible service to his clients.

Throughout the episode, viewers gain insight into Josh Altman’s approach to selling luxury properties in Los Angeles. His expertise and knowledge shine through as he expertly navigates the complexities of high-end real estate sales.

Heather Altman

In the premiere episode of Season 15 of Million Dollar Listing: Los Angeles, Heather Altman is back with a vengeance, and she’s ready to take on the competitive real estate market in LA.

The episode begins with Heather showing a luxurious property in Beverly Hills, highlighting its unique features and stunning views. She confidently navigates the sale process, demonstrating her expertise and knowledge of the luxury market.

However, things take a surprising turn when Heather reveals that she’s been working behind the scenes to acquire a new listing – a massive estate in Holmby Hills with incredible architecture and breathtaking grounds.

The property is listed at $20 million, but Heather sees its potential for growth and envisions herself rebranding it as a trophy home. She begins to envision her marketing strategy, which involves hosting an exclusive open house event to attract high-end buyers.

As the episode progresses, we see Heather’s negotiating skills in action as she tries to close deals on multiple fronts. Her expertise is evident as she navigates complex transactions and ensures that each buyer feels confident in their purchase decision.

Meanwhile, Heather’s personal life is also getting attention – her husband Tarek El Moussa is trying to get back into the real estate game after his stint on Flip or Flop. However, it’s clear that Heather is the driving force behind her family business, and she won’t let anyone or anything distract her from achieving her goals.

As Season 15 of Million Dollar Listing: Los Angeles unfolds, we can expect plenty of drama, tension, and high-stakes real estate deals. With Heather Altman leading the charge, it’s clear that this season will be one to watch.

Matt and Romaine Martinez

The premiere episode of Million Dollar Listing Los Angeles Season 15, titled “The Market is on Fire,” introduces the viewers to Matt and Romaine Martinez as they navigate the ever-changing Los Angeles real estate market.

Matt Martinez, a seasoned agent with The Real Deal Group, and his wife Romaine are back for another season of Million Dollar Listing Los Angeles. As we delve into their journey in this new episode, it becomes clear that Matt is optimistic about the current market conditions, while Romaine seems more cautious.

The episode begins by showcasing a high-end listing on Franklin Canyon Drive. The property’s stunning views and luxurious interior are sure to impress potential buyers. However, with several other properties in the area also hitting the market, competition for this listing is expected to be fierce.

As Matt and Romaine prepare to present their listing to potential buyers, they share their strategy for success. Matt emphasizes the importance of pricing the property correctly, while Romaine highlights the need to showcase its unique features to appeal to discerning buyers.

The episode takes a turn when a new agent enters the scene, introducing himself as a newcomer to the Los Angeles real estate market. Despite his initial confidence, he soon faces challenges as he struggles to compete with established agents like Matt and Romaine.

Throughout the episode, we see glimpses of Matt and Romaine’s personal lives outside of work. Their relationship is portrayed as loving and supportive, with both partners offering guidance and encouragement whenever needed.

The episode concludes with a dramatic reveal: Matt and Romaine secure a sale for their high-end listing on Franklin Canyon Drive. The successful transaction marks a milestone in the couple’s real estate career and leaves them feeling triumphant.

As we conclude this recap of Million Dollar Listing Los Angeles Season 15, Episode 1, it is clear that Matt and Romaine Martinez are well-equipped to tackle the challenges of the Los Angeles real estate market. With their combined experience, expertise, and unwavering support for one another, they will undoubtedly face many successes – and perhaps a few setbacks – throughout this season.

David Parnes

The 15th season of Million Dollar Listing Los Angeles kicked off with a bang as David Parnes navigated the challenges of selling luxury properties in the city.

The episode began with David showcasing his own property, which was a sleek and modern home featuring an impressive master suite complete with a private outdoor space.

As he walked potential buyers through the property, David highlighted its unique features, including high ceilings, expansive windows, and top-of-the-line finishes.

However, the buyer was unimpressed, stating that they were looking for something more “exotic” and that this property didn’t quite fit the bill.

Determined to make a sale, David offered to reduce the price of the property, but ultimately came up empty-handed.

This setback was only compounded by his competitor, Josh Altman, who appeared in a flashback scene showcasing one of his own deals gone wrong.

Josh had been working with a client to purchase a stunning mansion, complete with an outdoor pool and private movie theater.

However, things took a turn for the worse when the seller unexpectedly decided to sell the property to another buyer at a significantly higher price.

The episode wrapped up with David reflecting on his own struggles in the competitive world of luxury real estate.

As he looked out over the Los Angeles skyline, David expressed his determination to stay ahead of the game and continue delivering exceptional results for his clients.

With a new season full of challenges and opportunities, it’s clear that David Parnes is ready to take on whatever comes next in Million Dollar Listing Los Angeles.

James Harris

The new season of Million Dollar Listing Los Angeles, which is the fifteenth installment, premiered with an action-packed episode that saw James Harris back in action. This popular reality TV series follows the lives of luxury real estate agents as they navigate the cutthroat world of high-end properties.

In this first episode, titled “New Era,” James Harris is seen adjusting to a new normal after the COVID-19 pandemic had impacted his business and personal life. James Harris starts off by sharing with viewers how he managed to keep his business afloat during such a challenging time.

The episode then shifts focus on the various sales strategies employed by James Harris and other agents in the LA real estate market. It also highlights some of the properties they are trying to sell, including a luxurious mansion with an impressive swimming pool and backyard oasis.

Additionally, viewers get a glimpse into James’ personal life as he opens up about his family dynamics and how being a father has affected him since having children. Throughout this episode, James Harris’s passion for real estate is evident in every aspect of the show – from property viewings to navigating the complexities of closing deals.

Million Dollar Listing Los Angeles Season 15, Episode 1 Recap: This is a fascinating look into the life and career of one of LA’s top agents. If you are interested in luxury real estate or reality TV, this episode will be captivating to watch.

Chris Le

The premiere episode of Million Dollar Listing: Los Angeles, Season 15, sets the stage for a new cast member, Chris Le, as he joins the show alongside veteran real estate agents Josh Altman, Jason Oppenheim, and Mary Fitzgerald.

In this episode, we’re introduced to Chris’ background in the industry, having sold over $1 billion in properties during his 15-year career. He’s a seasoned agent with a strong reputation for getting deals done efficiently and effectively.

The first challenge of the season is presented when Josh Altman receives an offer on a property he’s been trying to sell, but it comes with an unexpected twist – the buyer wants to pay in cash upfront. However, upon further inspection, the property has some serious structural issues that need to be addressed before any deal can move forward.

Meanwhile, Jason Oppenheim takes his clients on a tour of a stunning Beverly Hills mansion with impeccable design and breathtaking views of the city skyline. The property’s asking price is $7 million, which seems reasonable given its prime location and luxurious features.

Jason has to navigate the complexities of the deal, including negotiating with the sellers and handling potential roadblocks that might come up during escrow. Meanwhile, Chris Le begins working with his clients to find them the perfect home in the Los Angeles area. They view several properties, each with its own unique charm and features.

Throughout the episode, we see glimpses of the cast’s personalities and dynamics at play. Josh is his usual confident and outgoing self, while Jason exudes a sense of calm and professionalism. Mary Fitzgerald provides some comedic relief with her witty banter and sharp observations about the agents’ antics.

The episode culminates with Chris sealing the deal on his clients’ dream home – a beautiful Spanish-style estate in the Hollywood Hills. As the dust settles, we’re left wondering what other challenges and opportunities this season will bring for the agents and their clients.

Overall, the first episode of Million Dollar Listing: Los Angeles, Season 15 is engaging and informative, providing a solid introduction to Chris Le and setting the stage for an exciting new season. With its mix of real estate savvy, drama, and humor, this show continues to be a fan favorite among audiences.

Episode Summary

Main Plot

The main plot of Million Dollar Listing Los Angeles season 15, episode 1 recap revolves around the real estate agents of Beverly Hills, focusing on their daily lives and the transactions they undertake.

This season’s first episode introduces viewers to the various ways these agents work together, while also showcasing their competitive side as each tries to outdo the others in getting clients signed up for multi-million-dollar deals.

The show primarily focuses on three main real estate agents – Josh Altman, Mary Fitzgerald, and Romain Bonnet, who have been part of the series since its earlier seasons.

Josh Altman is seen showcasing a beautiful mansion to potential buyers, navigating through the nuances of selling high-end properties in Los Angeles.

Mary Fitzgerald is shown dealing with an extremely difficult client who keeps pushing back on every aspect of the home buying process.

Romain Bonnet, on the other hand, has to balance his work as a real estate agent with managing a relationship and staying true to himself as he navigates through the complex world of Los Angeles high-end real estate.

The episode sets the stage for a season filled with drama, excitement, and lots of money at stake in Los Angeles’ competitive real estate market.

The season premiere introduces a new market dynamic, with rising interest rates affecting the LA real estate landscape.

The season premiere of Million Dollar Listing Los Angeles sets the stage for an exciting new chapter in the world of high-end real estate, as agents navigate a shifting market dynamic. The introduction of rising interest rates is a crucial factor in this landscape, and it’s fascinating to see how it impacts the LA real estate scene.

One of the key takeaways from this episode is that buyers are becoming increasingly cautious due to the uncertainty surrounding interest rate hikes. This has led to a slowdown in sales, which is causing some agents to worry about their commission checks. The pressure is on for these brokers to adapt and find creative solutions to keep their clients satisfied.

The real estate market in LA is notorious for being competitive, but with interest rates on the rise, it’s becoming even more challenging for buyers and sellers alike. The episode highlights the concerns of several agents as they try to make sense of this new reality and figure out how to navigate it successfully. From navigating complex pricing strategies to dealing with anxious clients, these brokers are facing unprecedented challenges.

As always, Million Dollar Listing Los Angeles delivers an unflinching look at the high-stakes world of luxury real estate. The show’s cast is known for their bravado and competitive spirit, but this season premiere also reveals a more vulnerable side to these characters as they confront the uncertainty surrounding interest rates.

Throughout the episode, viewers are treated to a series of tense interactions between agents, buyers, and sellers. From heated negotiations to heart-wrenching rejections, every scene is meticulously crafted to capture the drama and tension that defines this world. The show’s creators have done an impressive job of crafting a narrative that not only entertains but also educates viewers about the inner workings of the real estate market.

One of the most compelling aspects of Million Dollar Listing Los Angeles is its ability to humanize the agents and their clients. Rather than simply presenting a surface-level view of the industry, the show delves deeper into the personalities, motivations, and conflicts that drive these characters. This season premiere is no exception, as it explores the personal and professional struggles of several key players.

Overall, the Million Dollar Listing Los Angeles Season 15, Episode 1 Recap is a must-read for fans of the show and anyone interested in the world of luxury real estate. The episode sets the stage for an engaging and unpredictable season, and it’s clear that the creators have outdone themselves in crafting a narrative that will keep viewers on the edge of their seats.

The cast faces challenges in closing deals as buyers become more cautious and sellers demand higher prices.

The cast of Million Dollar Listing Los Angeles navigates the challenges of a shifting real estate market in the premiere episode of Season 15. As buyers become more cautious, they are facing increased scrutiny and demands for lower prices, while sellers are pushing for higher valuations.

Josh Altman notes that clients are taking their time to make decisions, requesting multiple property viewings and conducting thorough research before making an offer. This hesitancy is a result of the current market conditions, where buyers have more power due to an oversupply of properties.

David Parnes’ clients are also facing difficulties in securing financing, with some potential buyers being rejected by lenders. This has led to a decrease in demand and a shift towards more cautious decision-making. David attributes this trend to the current economic climate and its impact on the real estate market.

Matt Altman’s sellers are pushing for higher prices, which is a common theme in the episode. With buyers becoming increasingly hesitant to make offers, Matt must use his negotiation skills to persuade them that their property has unique value and justifies the higher asking price. This adds an extra layer of complexity to the selling process.

The premiere episode sets the stage for a season where the cast will have to adapt to changing market conditions. They must be creative in their marketing strategies, negotiate effectively with buyers, and provide exceptional service to their clients in order to close deals.

Closed Deals

Josh Altman’s Listing

The premiere episode of Million Dollar Listing Los Angeles Season 15 features Josh Altman as the main agent. As a prominent figure in the LA real estate market, Josh is known for his ability to close deals quickly.

In this episode, Josh has listings that he believes will sell well due to their prime locations and luxurious amenities. One of his key listings is an $8 million property located on Rodeo Drive. This luxury condo boasts a private rooftop pool, high-end finishes, and stunning views of the LA skyline.

However, finding potential buyers for this listing proves challenging. Josh faces stiff competition from other agents vying for the same clientele. He must think creatively to stand out and showcase his expertise in order to secure the sale.

Throughout the episode, Josh navigates negotiations with clients, using his exceptional negotiation skills to hammer out deals that benefit both parties involved. His reputation as a top agent is built on his ability to deliver results for his clients.

Josh also provides insight into his personal life and the emotional demands of being an elite real estate agent. He opens up about the sacrifices he makes in order to succeed, demonstrating his passion and dedication to his craft.

Ultimately, Josh’s expertise and charisma shine through as he closes deals and earns a substantial commission on his listings. The premiere episode sets the stage for an exciting season, highlighting Josh Altman’s real estate skills and business acumen in the competitive LA market.

Josh’s ability to stay ahead of the curve is evident in his use of cutting-edge technology and innovative marketing strategies to promote his listings. By staying one step ahead of the competition, he solidifies his position as a leading agent in Los Angeles.

Josh’s negotiation skills are put to the test throughout the episode as he navigates complex deals with high-end clients. His ability to remain composed under pressure and think on his feet helps him secure lucrative sales for his clients.

Josh lists a luxurious property in Beverly Hills for $5.5 million

Josh Flagg, one of the top agents on Million Dollar Listing Los Angeles, is featured in a luxurious property listing in Beverly Hills for an astonishing $5.5 million.

The episode begins with Josh arriving at the property, which is a stunning contemporary estate perched atop a hill overlooking the iconic 90210 zip code.

As he steps out of his car and onto the driveway, the camera pans to reveal an impeccably manicured lawn surrounded by a sprawling private courtyard.

The exterior design of the property boasts clean lines, floor-to-ceiling windows, and an impressive double-height entrance that immediately sets the tone for what lies within.

Josh proceeds to unlock the front door and enters into a spacious foyer with polished white marble flooring and a dramatic chandelier suspended from the ceiling.

The interior of the estate is a masterclass in modern luxury design, featuring sleek finishes, expansive windows, and an abundance of natural light pouring in through the cleverly designed architecture.

The open-plan living area seamlessly transitions between the kitchen, dining room, and family room, creating an effortless flow that encourages relaxation and entertainment.

The show-stopping chef’s kitchen boasts high-gloss cabinetry, sleek appliances, a massive island, and an expansive walk-in pantry – any home cook’s dream come true.

Moving upstairs, Josh showcases the magnificent master suite with its sprawling private balcony offering breathtaking views of Beverly Hills’ iconic skyline.

The spacious bathroom features a floor-to-ceiling glass shower enclosure and double vanities topped in marble, creating an oasis for ultimate relaxation.

The additional four bedrooms are perfectly designed to cater to various tastes and needs – each one boasts ample closet space and private access to the exterior courtyards or lush greenery surrounding the property.

Josh’s tour culminates at the stunning outdoor living spaces, showcasing an expansive swimming pool with a built-in hot tub, as well as several sitting areas and an inviting fire pit.

This $5.5 million estate exudes luxury, sophistication, and unparalleled style – making it truly one-of-a-kind in Beverly Hills.

The realtor showcases every inch of the property, revealing its unique features, state-of-the-art technology, and meticulous attention to detail that defines this exceptional modern masterpiece.

He struggles to get the buyer on board due to concerns about the market value

In the season premiere of Million Dollar Listing Los Angeles Season 15, Episode 1, real estate agents Josh Flagg, Jason Oppenheim, Mary Fitzgerald, Heather Rae Young, and Tracy Tutor navigate the high-stakes world of luxury property sales in LA.

The episode focuses on Josh’s struggles to get a buyer on board due to concerns about the market value of his listing. Despite having an experienced agent like Josh, the potential buyer remains hesitant, indicating that they may be unsure if the asking price is too steep for their budget.

This challenge highlights one of the key aspects of selling high-end properties: finding a balance between pricing the property competitively and ensuring it meets the seller’s financial goals. If the market value is overestimated, it can deter potential buyers from making an offer.

Josh’s frustration underscores the complexities involved in negotiating with buyers who have concerns about the market value. He needs to carefully evaluate the data and make a strong case for why his client’s asking price is reasonable given the current market conditions.

Meanwhile, Jason Oppenheim navigates another listing where he encounters an issue with a property inspection revealing potential problems that could impact the sale. This showcases the importance of conducting thorough inspections before buying or selling a luxury property in LA, as it can identify hidden issues and avoid costly surprises down the line.

The episode also touches on Mary Fitzgerald’s efforts to secure a listing for her friend’s high-end home in a desirable neighborhood. Her successful negotiations demonstrate how building relationships with clients can lead to repeat business and word-of-mouth referrals in the competitive world of luxury real estate sales.

Market Trends

Rising Interest Rates

The episode begins with a scene showing the luxurious life of luxury real estate agents, but the focus quickly shifts to the changing market conditions. Rising interest rates are affecting the luxury real estate market, making it more challenging for buyers to purchase properties.

The agents discuss how the rising interest rates have impacted their clients and the types of deals they can make. Million Dollar Listing Los Angeles Season 15, Episode 1 Recap highlights the tension and competition in the luxury real estate market during these uncertain times.

Josh Flagg, one of the top agents on the show, is featured prominently throughout the episode as he navigates a complex listing and deals with potential buyers who are hesitant to make an offer due to the rising interest rates.

Another agent, Heather Rae El Moussa, also faces challenges in her own listings as she tries to convince a seller to lower their price due to the changing market conditions. Her efforts ultimately pay off, but not without some tense negotiations.

The episode highlights the strategies that top agents like Josh and Heather use to adapt to the rising interest rates and remain competitive in the luxury real estate market. It also emphasizes the importance of staying informed and up-to-date on market trends and economic changes.

Throughout the episode, the agents share their insights and experiences as they navigate the challenges posed by the rising interest rates. This episode sets the stage for a season that will likely focus on the impact of the changing economic conditions on the luxury real estate market in Los Angeles.

The show’s producers do an excellent job of highlighting the human side of the agents, making their struggles and triumphs relatable to viewers. The drama and tension are palpable as the agents work to close deals and navigate the complex web of luxury real estate transactions.

The increased interest rates impact the buyers’ purchasing power, making it harder to close deals.

The recent increase in interest rates has been a significant topic of discussion among real estate professionals and potential buyers alike. One key impact of these higher interest rates is that they directly affect the purchasing power of buyers.

Purchasing power refers to the amount of money that a buyer can afford to spend on a property, taking into account factors such as their income, credit score, and available funds for down payments and closing costs. When interest rates rise, it becomes more expensive for buyers to secure mortgages, which in turn reduces their overall purchasing power.

This reduction in purchasing power makes it harder for buyers to close deals, particularly in a competitive market like Los Angeles. With fewer buyers able to afford homes at current price points, sellers may need to be more flexible with their asking prices or consider other creative solutions to attract potential buyers.

For agents featured on Million Dollar Listing Los Angeles Season 15, Episode 1, such as Josh Altman, Matt Altman, and Mary Fitzgerald, navigating the challenges of higher interest rates will require a combination of market expertise, negotiation skills, and adaptability. By staying attuned to shifts in buyer demand and adjusting their strategies accordingly, these agents can continue to thrive in this changing landscape.

The increased interest rates also create an opportunity for sellers who are flexible with their pricing or motivated to close deals quickly. In some cases, buyers may be willing to pay a premium for properties that meet their needs, especially if they’re competing against other buyers in a multiple-offer situation.

However, the overall impact of higher interest rates is likely to be a decrease in the number of transactions and an increase in the time it takes to sell properties. As prices stabilize or even adjust downward, sellers may need to reevaluate their expectations and be prepared to make compromises on price or terms to attract buyers.

For agents who are proactive in adjusting their strategies and communicating effectively with both buyers and sellers, the current market environment presents a chance to demonstrate their value and expertise. By navigating these challenges and finding innovative solutions for clients, they can maintain their competitive edge and continue to succeed in the Los Angeles real estate market.

Realtors must adapt their strategies to attract potential buyers and mitigate the effects of the rising rates.

The real estate industry is facing a significant challenge with the rise of interest rates, which can impact potential buyers’ purchasing power and overall market trends. Realtors must adapt their strategies to attract these buyers and mitigate the effects of rising rates.

Here are some key strategies that Realtors can employ:

Emphasize the value proposition

Rising interest rates can make homes less affordable, so Realtors should focus on highlighting the unique features, benefits, and values of each property to attract buyers who may be looking for a better deal.

Offer incentives and discounts

To mitigate the effects of rising rates, some Realtors may consider offering incentives such as discounts, credits, or rebates to attract buyers. These incentives can help make homes more competitive in the market.

Develop a buyer-centric approach

Rising interest rates can lead to a shift in buyer behavior, with many seeking more affordable options. Realtors should focus on understanding their clients’ needs and preferences, offering personalized services that cater to each individual’s requirements.

Leverage technology and online platforms

Online real estate platforms can provide Realtors with valuable tools and insights to reach a broader audience, engage with potential buyers, and stay competitive in the market. By leveraging these platforms, Realtors can adapt their strategies to attract buyers who may be using digital channels to search for properties.

Highlight energy-efficient features

Rising interest rates can make energy costs a significant concern for homebuyers. Realtors should highlight the energy-efficient features and benefits of each property, such as solar panels or Energy Star-rated appliances, to attract buyers who may be looking for ways to save on their utility bills.

Offer flexible financing options

Rising interest rates can limit buyers’ purchasing power. Realtors should offer flexible financing options, such as adjustable-rate mortgages or longer amortization periods, to help buyers qualify for a mortgage and purchase their desired property.

Overall, Realtors must adapt their strategies to attract potential buyers in the face of rising rates by highlighting value propositions, offering incentives, developing buyer-centric approaches, leveraging technology, emphasizing energy-efficient features, and providing flexible financing options.

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