When it comes to finding the right deal management software for your real estate business, there is no one-size-fits-all solution. Whether you run a large brokerage firm, manage a small team, or work alone, the right transaction management platform can help you take the worry out of compliance. You can reduce your workload.
Your unique business needs will determine which transaction software is right for your business. To help you decide, we’ve compiled a list of the best real estate broker deal management software tools. Whether you’re looking for streamlined team collaboration, a powerful back-office solution for your growing brokerage firm, or tools to keep things simple, we’ve got you covered.
Perfect for team collaboration: Dotloop
Dotloop is perfect for aligning agents, clients, and support teams on any transaction. With features like real-time collaboration, integrated e-signatures, and task sharing capabilities, this product is the go-to for teams looking to simplify transactions and increase productivity. The platform connects with your MLS for seamless listing entry, saving you time and reducing duplicative efforts.
Dotloop simplifies contract creation and document management by creating a centralized workspace, all in one place. Everyone involved in the transaction can collaborate. Skyslope allows brokers to view transaction files, but other users cannot access them. Dotloop lets you add any party to the loop for seamless collaboration. If your team values efficiency and clear communication, this tool makes managing transactions easier than ever.
Best suited for large brokerages: Brokermint
Brokermint was created for brokerage firms with large teams and complex operations. Its price varies widely depending on the package you choose and the number of users included in the plan. In my experience, there is an initial cost in addition to the monthly fee. This cost includes 1:1 onboarding for all team members.
Brokermint stands out for its ability to handle large-scale operations without compromising ease of use. From managing compliance to automating fee payments, it’s built to grow with your brokerage. Its reporting tools and automation capabilities help you stay on top of all aspects of your brokerage operations. Additionally, the mobile app and programming interface allow for easy integration with many popular CRMs and lead generation tools. Some integrations and custom branding may require upgrading to an Enterprise plan. If your brokerage firm is looking for an all-in-one solution to handle all backend operations, Brokermint has you covered.
Perfect for Audit and Compliance: Skyslope
Skyslope is a powerful tool for both agents and brokerages looking to simplify the trading process while remaining compliant. With features such as document storage, audit trails, and customizable checklists, it’s built to efficiently process transactions without burdening you.
Skyslope isn’t the cheapest real estate transaction software option on the market, but its extensive features and focus on audit and compliance make it a worthwhile investment for brokers who need a reliable system. Skyslope’s starting price may vary depending on the size of the brokerage and number of users, so be sure to contact your brokerage for more information. If you’re managing multiple transactions and need a platform to keep everything organized and compliant, Skyslope is a great option.
Perfect for top producers: Lone Wolf TransactionDesk
Welcome to Transact (formerly TransactionDesk). This is a module provided within the Lone Wolf Foundation and is a new generation of technology that supports agent transactions. It’s the perfect all-in-one system built for high-volume agents who need a solution that works just as hard. Set up clients, access forms, and seamlessly send documents for signature while keeping your documents in one place. Whether you’re a solopreneur or a seasoned top producer, Transact lets you collaborate and stay on top of multiple transactions at the same time. It’s like having an assistant in your back pocket to help you juggle all the moving parts, or five moving parts, of a real estate transaction.
Transact pricing is not readily available online, but is estimated to cost around $260 per user per year. Some LoneWolf features may also be included with your MLS membership, so check with your local association for details. Transact gives agents everything they need, plus additional features that are easy to use. It’s completely cloud-based, so you can access your trades anytime, anywhere. Automate repetitive tasks, MLS platform Other tools you use every day. If you’re looking for ways to bring efficiency to your business, this platform will keep everything running smoothly.
Perfect for individual agents and small teams: Paperless pipeline
Small team or solo broker, this is for you! Paperless Pipeline is an affordable platform that makes transaction tracking easy. This allows you to focus on what’s most important: closing the deal. Paperless pipelines offer a clean, practical design that keeps transactions organized and easy to manage. If you’re looking for an affordable solution that allows you to stay on top of your transactions without overcomplicating the process, a paperless pipeline may be just what you’re looking for.
Perfect for tech-savvy agents: Rechat.
Get ready to take your transaction management to a whole new level with Rechat. This is an innovative new platform that combines transaction management and real-time communications. Keep your agents, clients, and team connected throughout the closing process using a chat-based platform.
Chat again. is perfect for agents who value staying connected and want a modern platform that makes managing their transactions effortless. Send updates, share documents, and assign tasks to others from within the chat interface. If you’re a tech-savvy agent who likes checking out the latest tools, this is for you.
The complete picture of real estate transaction management software
There are always things I like and dislike about each platform. For example, as a broker, I like how Skyslope’s auditing features make it easy to review my files, but I was missing MLS forms integration for agents. Dotloop, on the other hand, has done a great job of integrating fillable forms into its platform. Agents can quickly create offers and send them for signature right away. However, brokers tend to find auditing capabilities cumbersome and difficult to track changes requested by agents.
Choosing the right transaction management software for your business can make a big difference in how your business runs. Individuals and small teams may be looking for an affordable and easy-to-use system, while large brokerage firms are looking for tools to help them juggle all the moving parts. These transaction management software platforms are more than just document storage. Reduce the stress of transaction management by saving time and staying organized.
When choosing real estate transaction management software, you need to decide what is most important to you and your business. Is it ease of use, affordability, technical features, or customer support? No two companies have the same needs. Therefore, take the time to research the features that are most important to your business. You’re sure to find the right transaction management platform to support your needs.
