What is Real Estate Transaction Management?

What are the best real estate transaction management systems?

When it comes to real estate transaction management, trying to do it all manually can be a huge headache. Not only do you have to keep track of a seemingly overwhelming amount of accounting, but ensure that every entry is accurate to avoid common errors and the dreaded real estate audit.

There are plenty of tools out there that can help with the basics, such as a real estate transaction checklist for real estate agents to ensure that everything is covered and nothing gets missed. But even a checklist can only go so far. If you want to truly automate your brokerage and have everything handled seamlessly behind the scenes, you need more than just a checklist or a spreadsheet. You need a full-fledged system — like Brokermint.

What is transaction management in real estate?

People also ask “what is transaction management real estate” or “what is real estate transaction management”, but they all lead to the same answer, which is a system of accurately calculating real estate transactions associated with the buying and selling of homes and all other related transactions.

Here, you may think that you can rely on your accounting software to handle much of the heavy lifting of transaction management. But accounting software is made for all types of businesses, not just real estate brokerages. For that reason, it may not be the best tool suited to real estate transaction tracking.

What is real estate transaction management software?

This type of software is specifically designed to handle calculations regarding the management of real estate. Buying, selling, commission disbursement and more can all be handled by a robust real estate transaction program. However, this is just one facet involved in the overall management of a real estate brokerage. There’s also the on-boarding of agents and ensuring maximum compliance, the need to oversee tasks and to-do’s as well as the granular details. There’s the mission-critical follow-up phase to send emails, handle digital signatures and so much more.

With this in mind, just investing in a program that handles real estate document management isn’t enough. You need a system that goes beyond document management and automates much of the tedious administrative tasks so that you can concentrate on reaching more buyers and sellers while closing more deals and growing your brokerage.

In addition, such a system should be able to integrate with your accounting system, such as Quickbooks, making it easier to oversee and organize transactions while keeping a detailed transaction trail in case of a real estate audit.

Brokermint Goes Beyond Your Average
Real Estate Transaction Management System

Brokermint does more than just handling transactions. It goes far beyond real estate transaction checklist templates and allows a complete integration with Quickbooks as well as detailed overviews of tasks, related forms, document e-signing, automated emails, follow-ups and much more.

In short, Brokermint handles much of the tedious yet necessary tasks to help keep agents on track, see an overview of team efforts and tasks, get everyone on the same page and follow-up with relevant documents for every transaction, every time.

Ready to Learn More?

Checklists and templates can only do so much, which is why it’s a good idea to take advantage of a more robust system to organize and automate your back office and administrative tasks. That’s why, at Brokermint, we’re proud to offer a FREE one-on-one demonstration that will show you exactly how our powerful, innovative system can work hard to handle your specific real estate challenges.

If you’ve been juggling complicated spreadsheets, struggling with complex formulas, chasing down documentation or slogging through your accounting trying to deal with reconciliation errors, Brokermint will save you hours of time while streamlining complicated processes and allowing your brokerage to reach more clients and close more deals.

Click below to schedule a convenient time for your free, no obligation demonstration and we’ll take the time to get to know your specific real estate issues as well as show you how Brokermint can help automate many complex systems while helping you to get more done with less effort and less time. See why hundreds of brokerages across the country trust Brokermint. Schedule your demo today!