how to i get my earnest money deposit from my end buyer ?

[Alex Palma]

Hi My name is Alex I live in New Jersey. I understand pretty much everything about wholesaling, but i haven't done any deals yet. i was wondering, once i get my first property and a agreement of purchase signed from the seller, i go to my real estate attorney and give him the contract then he do the title research of the property, Right? Next i have my cash buyer, and he agree to buy the property, so i have this"assignment of contract"that he signs. Now this is my question. how to make sure i get my earnest money deposit from my buyer . do i ask him right away after signing the contract? If he said yes.Does he/her have to write a check under my name or it will be deposit in an escrow account? what if he said Not I forgot my checkbook ill do it another day. or should i ask my title company to collect the balance for me. Please help. I don't want to harass my cash buyer and i don't want to lose the deal as well   

[James Wise]

EM would be made out to a title company or an attorney.

Read up on real estate brokering laws. You are very likely unknowingly acting as an unlicensed real estate broker.