How is wholesalling done in CA ?

[John Adeiza]

Hi every body. I am new in RE bussiness, However, after listening to several seminars, I have decided that whole salling will be he most appropriate way for me to start up. I live in CA now, and the agent I spoke too about my plans thought it will be illegal,since I don't have a license. Can you explain or help break down the process of wholesaling down so that I see how i can apply it here in California? can some one tell me how to reassign a contract, and what to do if i must close on the property before selling. What happens if I put a deal under contract and I cannot find a buyer. How can I walk away from the contract without any financial obligation?
I will appreciate your imputs, thank