Help! New Agent Just Put My 1st House Under Contract. Now what?

[Scott Le]

I just go my license a month ago to supplement any investments I would make going forward.  I hung it under my boss, who is a commercial broker and has no background in residential, and therefore he is of no help here.  

I just put this house under contract and have 7 days to inspect.  The sellers agent sent me a title company they wanted me to use.  How do I go about getting my deposit into escrow?  Is there anything else I need to know?  Thanks!