A system (200) and method for facilitating wood product transactions are provided. A transaction processing server (204) obtains a request for transaction partners and generates a list of available sellers. The transaction processing server obtains a selection of transaction partners and initiates negotiations between the parties, either through the transaction processing system or through direct communication channels. Upon obtaining confirmation of the completion of a transaction, the transaction processing server generates confirmation/transaction records and can process any additional third-party transactions relating to the original wood product transaction.