What is the process called when property rights are transferred between a seller and a buyer?

The process of transferring property rights between a seller and a buyer is called a real estate transaction. This term encompasses all activities and steps involved when a buyer and seller engage in the sale of property, including agreements, negotiations, and the legal transfer of ownership. A real estate transaction can involve various contracts and agreements, including listings and offers, but it specifically refers to the overall process of property exchange from initiation to completion.

Real estate transactions include critical components such as the preparation and signing of a purchase agreement, consideration of contingencies, and compliance with relevant legal regulations. The transaction culminates in the closing process, where final documentation is signed, funds are transferred, and ownership rights are formally conveyed.

While terms like real estate listing and real estate offer pertain to specific stages or elements of the transaction process, they don't capture the entirety of the transferring rights between buyer and seller. The real estate closing refers specifically to the final step in the transaction where the ownership is officially transferred, but again, it is just one part of the broader transaction process.