In the real estate business, in order to keep track of the activities involved in selling, buying, or leasing a property, a real estate information managing and transferring system and method have been developed. In an embodiment of a real estate transaction system of the invention, several modules have been communicatively coupled to provide a complete and reliable system of tracking buyers' and sellers' activities and keeping a Realtor informed and prepared at all times. The real estate managing and transferring system can be made accessible by users, such as Realtors, and can include a host server with communicatively adapted parts to manage and transfer real estate information.