ELECTRONIC REALTY AND TRANSACTION SYSTEM AND METHOD THEREIN

• US 20110251967A1
• Filed: 10/09/2010
• Published: 10/13/2011
• Est. Priority Date: 12/27/2001
• Status: Active Grant

• Current Assignee: Eva T. Klivington, Margit E. Klivington
• Original Assignee: Eva T. Klivington, Margit E. Klivington
• Inventors: Klivington, Eva T., Klivington, Margit E.
• Granted Patent: US 8,566,112 B2
• Time in Patent Office: Days
• US Class Current: 705/313
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 50/16 Real estate
• CPC Class Codes: Y10S 707/945 Contract negotiation
• CPC Class Codes: Y10S 707/946 Real estate

Abstract

The electronic realty transaction system (ERTS) automates real estate processes and provides web-based accessibility to residential, commercial, and land markets. The system will provide a “one-stop-shop” for all real estate related transactions and will include a detailed tracking and history of customer transactions for the realtors. The system will provide the ability to charge, collect, and track payments for real estate related transactions. ERTS includes an electronic contract generator (ECG) that pulls information from multiple sources and automatically identifies end-user requests for services and ultimately enables a property request (i.e. contract) to be developed using auto populating techniques.

Claims

1. A method of generating on line a contract for a real estate transaction comprising:

collecting, on line and in electronic form, transaction specific information for a real estate contract including identifying parties and agents involved with the real estate contract;

providing, in an electronic format, a real estate contract form;

populating the real estate contract form with the transaction specific information;

generating online, responsive to populating the real estate contract form, an electronic file corresponding to the real estate contract for the real estate transaction; and

sending concurrently, using a web-based service, a notice of the generating online the electronic file corresponding to the real estate contract to a plurality of parties involved with the real estate transaction.