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In the past, real estate transactions were sealed with a handshake, but now contracts are crucial. However, having a contract still might not prevent a seller from cutting you out of a deal. As a wholesaler, it's important to take steps to prevent this scenario. The key to successful wholesaling involves four steps to ensure both buyer and seller stay committed to the deal until closing. Jerry Norton emphasizes the importance of these steps for wholesalers to avoid being excluded from a real estate transaction.
