A real estate transaction involves the process of buying, selling, or leasing property. This can include residential homes, commercial buildings, or land. The transaction typically requires a real estate agent to facilitate communication between the buyer and seller, ensuring that all legal and financial aspects are properly handled. During a real estate transaction, several key documents are exchanged, such as the purchase agreement, title deed, and disclosure statements. These documents outline the terms of the sale, the condition of the property, and any obligations of the parties involved. Proper due diligence is essential to ensure a smooth transaction.