System and method for enhancing real estate transactions
First Claim
1. A computer implemented method for real estate transactions, comprising the steps of:
- registering with a transaction service, using a computer, a plurality of customers and entering registered customers in a transaction service database, each with one or more properties owned by the customer and which are to be sold and/or seeking to purchase one or more properties, said transaction service providing a guarantee to each registered customer of a rebate of a portion of a listing and/or selling agent'"'"'s commission upon the sale or purchase of property, registering with said transaction service, using a computer, a plurality of licensed agents and entering registered agents in a transaction service database, registered licensed agents providing to the transaction service a guarantee that they will provide a rebate of a listing or selling agent'"'"'s commission upon the sale of a property, said property being referred to the agent by the transaction service for listing or selling, and matching, using a computer and accessing the transaction service'"'"'s databases, each of said plurality of registered customers to at least one of said registered licensed agents, and providing by the transaction service a referral to said at least one of said registered licensed agents for listing or selling a customer'"'"'s property.
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Accused Products
Abstract
A computer aided system and method run by a transaction service firm enrolls participating real estate agents in its database. The participating agents which are accepted for enrollment agree to rebate a certain portion of their listing or selling commission to the seller or buyer, respectively. The firm advertises its discount services to the public, and a potential seller or buyer may register for a fee with the firm. Once registered, the seller or buyer is matched with a participating agent who may accept a listing or sale, which is handled in the normal manner within the brokerage firm for which the agent works. At closing, or other agreed time, the listing and/or selling agent would then rebate a portion of his commission to the client.
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Citations
17 Claims
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1. A computer implemented method for real estate transactions, comprising the steps of:
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registering with a transaction service, using a computer, a plurality of customers and entering registered customers in a transaction service database, each with one or more properties owned by the customer and which are to be sold and/or seeking to purchase one or more properties, said transaction service providing a guarantee to each registered customer of a rebate of a portion of a listing and/or selling agent'"'"'s commission upon the sale or purchase of property, registering with said transaction service, using a computer, a plurality of licensed agents and entering registered agents in a transaction service database, registered licensed agents providing to the transaction service a guarantee that they will provide a rebate of a listing or selling agent'"'"'s commission upon the sale of a property, said property being referred to the agent by the transaction service for listing or selling, and matching, using a computer and accessing the transaction service'"'"'s databases, each of said plurality of registered customers to at least one of said registered licensed agents, and providing by the transaction service a referral to said at least one of said registered licensed agents for listing or selling a customer'"'"'s property. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A computer system for real estate transactions comprising:
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a transaction service computer used for registering a plurality of customers and a plurality of licensed agents; and
a transaction service database for entering and storing registered customers and registered licensed agents, each of said registered customers entered into the transaction service database with one or more properties owned by the customer and which are to be sold and/or seeking to purchase one or more properties, said transaction service providing a guarantee to each registered customer of a rebate of a portion of a listing and/or selling agent'"'"'s commission upon the sale or purchase of property, each of said registered licensed agents entered into the transaction service database providing to the transaction service a guarantee that they will provide a rebate of a listing or selling agent'"'"'s commission upon the sale of a property, said property being referred to the agent by the transaction service for listing or selling;
said transaction service computer accessing said transcation service database and matching each of said plurality of registered customers to at least one of said registered licensed agents, and providing a referral to said at least one of said registered licensed agents for listing or selling a customer'"'"'s property. - View Dependent Claims (10, 11, 12)
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13. A computer readable medium containing computer readable code for real estate transactions, said computer readable code implementing the method comprising the steps of:
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registering with a transaction service, using a computer, a plurality of customers and entering registered customers in a transaction service database, each with one or more properties owned by the customer and which are to be sold and/or seeking to purchase one or more properties, said transaction service providing a guarantee to each registered customer of a rebate of a portion of a listing and/or selling agent'"'"'s commission upon the sale or purchase of property, registering with said transaction service, using a computer, a plurality of licensed agents and entering registered agents in a transaction service database, registered licensed agents providing to the transaction service a guarantee that they will provide a rebate of a listing or selling agent'"'"'s commission upon the sale of a property, said property being referred to the agent by the transaction service for listing or selling, and matching, using a computer and accessing the transaction service'"'"'s databases, each of said plurality of registered customers to at least one of said registered licensed agents, and providing by the transaction service a referral to said at least one of said registered licensed agents for listing or selling a customer'"'"'s property. - View Dependent Claims (14, 15, 16, 17)
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Specification