Systems and methods for facilitating real estate transactions

• US 20040030631A1
• Filed: 01/13/2003
• Published: 02/12/2004
• Est. Priority Date: 01/11/2002
• Status: Abandoned Application

• Current Assignee: Eric Brown
• Original Assignee: Eric Brown
• Inventors: Brown, Eric, Brown, Robert, Visuri, Pertti
• Application Number:
  US10/342,111
• Publication Number:
  US 20040030631A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A method and system used to assist buyers interested in renting, leasing, acquiring, or selling real property in the selection of appropriate real estate properties and facilitating the cooperation among various parties that contribute to the selection, transaction, and associated services. The method can use among other things a database of properties and associated information, Global Positioning Systems (GPS) technologies, Geographic Information Services (GIS) functions on a mobile device, a wireless communications network and handheld device, a suit of analytical tools, audio recording and playback capabilities; and personalized web portal functions.

Claims

1. A portable device, comprising a display, a user interface, and a communication interface, the portable device configured to:

download information through the communication interface related to a plurality of properties, each of the plurality of properties having been selected based on user supplied criteria,

cause the downloaded information to be displayed on the display; and

receive feedback through the user interface related to each of the plurality of properties for which information was downloaded.

2. The portable device of claim 1, further configured to display navigational information on the display related to one or more of the plurality of properties.

3. The portable device of claim 2, further comprising positioning capabilities, wherein the navigational information is based on position information acquired with the positional capabilities of the portable device.

4. The portable device of claim 1, further configured to forward the feedback to a realtor-reseller via the communication interface.

5. The portable device of claim 1, further configured to cause information related to the plurality of properties to be stored on a personalized portal for later review and retrieval.

6. The portable device of claim 1, wherein the information stored on the portal includes the feedback related to each of the plurality of properties.

7. The portable device of claim 6, wherein the feedback includes ranking or scoring of each of the plurality of portable devices.

8. The portable device of claim 1, further configured to download promotional information through the communication interface and to display the promotional information on the display.

9. The portable device of claim 8, further configured to receive a response the promotional information through the user interface.

10. The portable device of claim 9, further configured to forward the response to a real estate server.

11. The portable device of claim 1, further configured to receive a request for information through the user interface, download the requested information through the communication interface, and display the requested information on the display.

12. The portable device of claim 11, wherein the received information request includes criteria and a request for information related to properties selected based on the criteria, and wherein the downloaded information includes information related to a plurality of properties, each of the plurality of properties having been selected based on the criteria provided.

13. The portable device of claim 1, wherein the downloaded information includes an address and a description of each of the plurality of properties.

14. The portable device of claim 13, wherein the downloaded information includes pictures or video clips of each of the plurality of properties.

15. The portable device of claim 1, wherein the received feedback includes an indication of the desirability of the particular property.

16. The portable device of claim 15, wherein the indication includes a ranking or scoring for the particular property.

17. A portable device, comprising a display, a user interface, and a communication interface, the portable device configured to:

download information through the communication interface related to a plurality of properties, each of the plurality of properties having been selected based on user supplied criteria,

cause the downloaded information to be displayed on the display; and

display navigational information on the display related to one or more of the plurality of properties.

18. The portable device of claim 17, further comprising positioning capabilities, wherein the navigational information is based on position information acquired with the positional capabilities of the portable device.

19. A method for facilitating a real estate transaction, comprising:

entering into a referral agreement with each of a plurality of promotional alliance partners;

entering into a discount agreement with a realtor-reseller, the discount agreement providing for a discount to be provide to the buyer in exchange for the buyer prescreening perspective properties with the aid of a portable device;

receiving a response from a buyer to a promotion associated with one of the plurality of promotional alliance partners;

registering the buyer;

facilitating the sale of a property to the buyer; and

collecting and distributing fees according to the referral agreement and the discount agreement.

20. The method of claim 19, wherein registering the buyer comprises:

receiving a promotional code associated with the promotion to which the buyer responded;

approving the promotional code; and

storing information related to the registration, the information including the promotional code.

21. The method of claim 19, wherein distributing the fees comprises:

distributing a referral fee to the promotional alliance partner associated wit the promotion responded to by the buyer; and

distributing a commission to the realtor-reseller that is discounted by an amount equal to the agreed to discount plus the referral fee.

22. A real estate server, comprising:

a memory configured to store instructions; and

a processor coupled with the memory, the processor configured to execute the instruction, the instructions configured to cause the real estate server to;

facilitate a referral agreement with each of a plurality of promotional alliance partners;

enter into a discount agreement with a realtor-reseller, the discount agreement providing for a discount to be provide to the buyer in exchange for the buyer prescreening perspective properties with the aid of a portable device;

receive a response from a buyer to a promotion associated with one of the plurality of promotional alliance partners;

register the buyer;

facilitate the sale of a property to the buyer; and

collect and distributing fees according to the referral agreement and the discount agreement.

23. The real estate server of claim 22, wherein the instructions are further configured to cause the real estate server to:

receive a promotional code associated with the promotion to which the buyer responded;

approve the promotional code; and

store information related to the registration, the information including the promotional code.

24. The real estate server of claim 22, wherein the instructions are further configured to cause the real estate server to:

distribute a referral fee to the promotional alliance partner associated with the promotion responded to by the buyer; and

distribute a commission to the realtor-reseller that is discounted by an amount equal to the agreed to discount plus the referral fee.