What does TMS stand for in real estate?

In real estate, TMS stands for Transaction Management System. This system is designed to streamline the processes involved in managing real estate transactions. It helps real estate professionals handle various aspects such as document storage, communication among parties, compliance tracking, and workflow management, facilitating seamless transactions from listing to closing.

By utilizing a Transaction Management System, agents are able to maintain organized records, enhance efficiency, and improve collaboration with clients and other stakeholders involved in the transaction. This tool ultimately contributes to higher productivity and better service delivery in the real estate sector.

While other options mention various marketing or software solutions, they do not capture the specific focus on transaction management that is essential in the real estate industry.