Transaction Management

Definition

Transaction management refers to the complete process of overseeing a real estate deal from the time a contract is signed to when it officially closes, including paperwork, deadlines and communication.

Key Takeaways

• Covers all contract-to-close activities
• Involves compliance, documentation and coordination
• Requires visibility across agents, clients and vendors

Why It Matters

Efficient transaction management keeps deals moving and clients happy. It prevents missed deadlines, reduces liability and improves your professional reputation.

Real World Example

An agent uses Sierra’s CRM to move a lead from “Offer Accepted” to “Pending” and triggers an internal checklist for appraisal, title and inspection tasks with due dates and email reminders.

How Sierra Interactive Helps

Sierra allows you to create pipeline stages that reflect your transaction phases, automate reminders and assign roles to agents or coordinators for shared visibility and accountability.

Frequently Asked Questions