Have a question regarding wholesaling...

[Bryan Barry]

So, lets say I have a seller and a buyer, the contract for me and/or the assigns to buy the house is agreed upon and signed. The Assignment of Contract between me and the buyer so the buyer can take over the other contract and buy the house has also been agreed upon and signed. I send both of these contracts to the title company. What happens next? I know it takes about a week for things to get processed, but then what? If everything checks out do I get to sit back and relax and wait for a check in the mail for my assignment fee? [Edit: Also, do I need any sort of licensing or permits or anything to wholesale houses?] (Note: I am new at wholesaling, so if I missed anything here, let me know, and some other tips/advice would also be appreciated. Thanks!)