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Agent Workflow3 min readSeptember 4, 2026

Great Transactions Are Not Improvised

Judd Hoffman
Judd Hoffman

CEO and Co-Founder, Ethica AI

Great transactions are not improvised.

They can look like it from the outside. The good ones move so easily that they seem to be running on instinct, one phone call at a time. They aren't. A great real estate transaction is never just on the fly.

Doesn't every deal go sideways anyway?

Of course it does.

Things change. Problems come up. That's the business, and that's any business. Nobody runs a transaction start to finish exactly the way they drew it up, and nobody should expect to.

So the goal was never a deal without surprises. That deal doesn't exist, and waiting for one anyway is how people end up unprepared for the deal they're actually in.

Then what separates a great transaction from a rough one?

Knowing exactly where things stand when the surprise lands.

That's the advantage. Not fewer problems, better footing when they show up. What's done. What's missing. What happens next.

An agent who can answer those three just solves the problem. An agent who can't has to work out where the deal stands first, while somebody waits on the phone. That's the gap between the calmest person in the room and the person who sounds like this is the first they're hearing of it.

Where does that footing come from?

From the file being current, not from memory.

Memory may be fine on one deal. It gets less reliable across four, and gets stressed under the pressure when something breaks.

This is why a file being complete before anyone goes looking is so crucial.

So what should AI be doing here?

Not running the transaction. Knowing where it is. What's done, what's missing, what happens next, current all the time, so the agent walks into the problem already standing on firm ground.

That's what a great AI transaction assistant should know how to do.

The full Ethica blog library lives at heyethica.com/blog.

Quick Takes

Are great real estate transactions improvised?

No. Judd Hoffman argues the good ones only look that way from the outside. A great transaction is never just on the fly, even though things change and problems come up in every deal.

What makes one real estate transaction go smoothly and another one rough?

Not fewer problems. Better footing when they land. Knowing what's done, what's missing and what happens next lets an agent improvise a solution instead of reconstructing the whole deal first.

What should an AI transaction assistant know during a deal?

Where the transaction actually stands, kept current all the time. What's done, what's missing, what happens next, so the answers are already true at the moment a problem shows up.

Sources

  1. The Calmest Person in the Room: The same footing seen from the agent's side, on the day something breaks.
  2. Nobody Gets Paid Until the File Is Complete: On the file being complete before anyone goes looking. This one aims the same argument at the middle of the deal rather than the end.

Full Transcript

Great transactions are not improvised. They may seem like they are, but a great real estate transaction is never just on the fly. Things change, problems come up, that's the business, that's any business. But the advantage is knowing exactly where they are when they do. What's done, what's missing, what happens next? And I keep saying, that's what a great AI transaction assistant should know what to do as well.

Judd Hoffman

Judd D. Hoffman

CEO and Co-Founder, Ethica AI

Judd D. Hoffman is CEO and co-founder of Ethica AI, with nearly three decades across title, real estate technology, and operations. He has held $2 billion in title P&L responsibility. He was previously President of First American Title and Chief Transformation Officer at Doma, and led Iron Title through its 2021 exit.