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1 - It's pretty easy - most host will help you with setting up the new one & redirecting the old one
2 - DNS usually propagates in 24-48 hours, but it does take a little longer in some cases.
3 - Are you getting a new domain or just moving the one to a new host? If it's the latter, then, in theory, you won't have to notify anyone (assuming things are set up properly)
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