Wholesaling - starting out

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Hi Everyone,

Sorry for the dumb questions but I am a newbie trying to figure things out.  I want to try wholesaling while I am studying for RE exam/license.

I read up on the information on this site on how to find properties and now my question is this:

Let's suppose i find a seller and he agrees with my price.  What happens next?  Get a sale document signed?  Then how long do i have to come up with money?  Do i just give a small deposit until I find an investor?  How long do I tell the seller it will take for them to close and get their money?  With an agreement signed does that mean the seller cannot make a deal with someone else like a realtor or another investor?  

If you could walk me thru a wholesale scenario step-by-step that would be great.

I appreciate your time and help.

Thanks,

Dennis