Electronic real estate bartering system

• US 20060242054A1
• Filed: 06/19/2006
• Published: 10/26/2006
• Est. Priority Date: 09/20/2000
• Status: Abandoned Application

• Current Assignee: Richard B. Himmelstoin
• Original Assignee: Richard B. Himmelstoin
• Inventors: Himmelstoin, Richard B.
• Application Number:
  US11/455,556
• Publication Number:
  US 20060242054A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 30/0239 Online discounts or incentives
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 50/188 Electronic negotiation

Abstract

A real estate bartering system implements barters between a plurality of parties each having one or more classes of items available for barter. Preferably, barter orders are created by designating a selected quantity of a first class of items to be bartered, designating a date range for transferring title of the first class items to be bartered, designating a barter value of the first class of items to be bartered, and designating a second class of items to be acquired. Barter orders are posted via the Internet to a barter database and may be displayed via the Internet. Posted barter orders whose first class of items match the second class of items of a barterer'"'"'s order are preferably displayed. Posted barter orders from the display are selected to effectuate a barter transaction which combines a barterer'"'"'s barter order with the selected posted order(s).

Claims

1. (canceled)

2. A system for exchanging a first real estate item for a second real estate item comprising:

means for identifying for exchange a first real estate item owned by a first user;

means for designating criteria associated with an exchange of the first real estate item for a second real estate item owned by a second user;

means for requesting a list of real estate items including the second real estate item, each real estate item in the list meeting the criteria associated with the exchange;

means for selecting the second real estate item for exchange; and

means for receiving a confirmation of the exchange.

3. A system for exchanging real estate items comprising:

means for receiving an identification of a first real estate item owned by a first user offered for exchange;

means for receiving criteria associated with an exchange of the first real estate item for a second real estate item owned by a second user;

means for generating a list of real estate items including the second real estate item, each barter item in the list meeting the criteria associated with the exchange;

means for receiving a selection of the second real estate item for exchange; and

means for transmitting a confirmation of the exchange to the first and second users.

16. A system for exchanging a plurality of real estate items among a plurality of users, the method comprising:

means for identifying for exchange the plurality of real estate items, each real estate item owned by a distinct user;

means for identifying a first criteria associated with each real estate item;

means for identifying a second criteria associated with each user;

means for matching the first criteria with the second criteria to determine a plurality of exchanges; and

means for transmitting confirmation of the plurality of exchanges to each user.

4. The system of claim 16 wherein the second real estate item is a lease property.

5. The system of claim 16 wherein the criteria includes a value representing a number of bedrooms associated with the first real estate item.

6. The system of claim 16 wherein the criteria includes a value representing a number of bedrooms associated with the second real estate item.

7. The system of claim 16 wherein the criteria includes a date range within which the second real estate item is available for use.

8. The system of claim 16 wherein the criteria includes a range of credit available to be added to the value of the first real estate item.

9. The system of claim 16 wherein the criteria includes a range of credit available to be added to the value of the second real estate item.

10. The system of claim 16 wherein the criteria includes a location near which the second real estate item is located.

11. The system of claim 16 further including processing at least one fee associated with the exchange.

12. The system of claim 11 wherein the fee is a flat fee.

13. The system of claim 11 wherein the fee is an annual fee.

14. The system of claim 11 wherein the fee is based on a value of the first real estate item.

15. The system of claim 11 wherein the fee is based on a value of the second real estate item.

17. The system of claim 16 wherein the step of transmitting includes:

providing a user with a list of available exchanges from which to select; and

receiving a selection of at least one available exchange.

18. The system of claim 16 wherein the plurality of real estate items is more than two.

19. The system of claim 16 wherein the second criteria includes a difference in value between real estate items.

20. The system of claim 16 wherein the step of transmitting further includes transmitting a confirmation to each user, each confirmation including information relating only to the associated user.