How to make the actual domain transaction?

How to make the actual domain transaction?

Sorry for the very noob question, but I would REALLY appreciate the answer.

I've spent the past couple of days reading on domaining, browsing forums and collecting info. I spend about 8 hours (literally all my free time) on this daily. I think I'm ready to jump in to do sales.

One thing I still don't get and cannot find out for the life of me, is how to do the actual transaction. I have to own an account on the registered domain's registrar, right? How to proceed? If we're not using escrow, who goes first and how exactly? If we ARE using escrow, how do we do that? Who pays the fees?

I would very much appreciate if someone could explain all this to me. I don't want to put off buyers and sellers because I clearly don't know what I'm doing.

submitted by /u/LordAntares
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