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In the past, real estate transactions were sealed with a handshake, but now it is essential to have a written contract to prevent being cut out of a deal. Wholesalers must be aware of potential risks and take steps to protect themselves. Jerry Norton shares four key steps to prevent buyers or sellers from cutting you out of a deal in wholesaling houses. Key moments in a deal as a wholesaler include signing contracts with motivated sellers and cash buyers, leading up to the exciting moment of closing the deal and receiving a substantial payment.