What does a transaction manager do?

A Transaction Manager oversees and coordinates real estate or financial transactions from start to finish. Their responsibilities typically include managing documentation, facilitating communication between all parties involved, ensuring compliance with regulations, and keeping transactions on schedule. They work closely with agents, clients, lenders, and legal professionals to address issues and ensure a smooth closing process. In commercial real estate, they may also handle portfolio management and negotiate lease agreements. The goal of a Transaction Manager is to ensure all aspects of a transaction are handled efficiently and accurately.