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In the old days, real estate transactions were sealed with a handshake, but now contracts are necessary. However, having a contract may not always protect you from being cut out of a deal. As a wholesaler, it is important to prevent this scenario. The video tutorial discusses four steps to prevent the buyer or seller from cutting you out of the deal. Wholesalers experience three special moments in a deal: signing contracts with a motivated seller and cash buyer, and finally, closing the deal to receive a significant payout.