A real estate transaction management system comprises a plurality of databases in communication with a central computer. The plurality of databases includes a listings database containing information about a plurality of properties and a transaction database including information about a plurality of real estate transactions. The central computer provides a plurality of customized websites for the participants of the real estate transactions, including agents, buyers, sellers, and service providers. The customized websites may be accessed by the respective parties using remote computers connected to the central computer using the Internet. Each customized website provides a communications tool for sending messages and receiving messages from the customized websites of the other parties. The customized websites of the buyer and the agent further provide a searching tool for allowing the buyer and the agent to search the listings database for properties that may be of interest to the buyer. The buyer' s customized website also provides the buyer with the ability to submit a loan application using the system. During the negotiation and closing process, each of the customized websites provides a form completion tool which allows the parties to access various transactions forms. The system automatically completes relevant portions of each form based on information stored in the transactions database about the party' s particular transaction. Services required for closing, such as inspection, title report or appraisal, may all be ordered from the service providers using the transaction management system.