System and method of creating an adjustable commission
First Claim
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1. A method of determining a commission, comprising:
- providing from a server a plurality of selectable variables to an electronic device, the plurality of selectable variables associated with a real estate asset for sale;
receiving at the server a selection of at least one variable from the plurality of selectable variables sent from the electronic device;
calculating at the server a commission associated with a sale of the real estate asset based at least partially on the selection of at least one variable from the plurality of selectable variables;
providing from the server the calculated commission to the electronic device;
receiving at the server from the electronic device an indication that the calculated commission is one of accepted or rejected;
after the receiving, updating at the server a value associated with at least one variable from the plurality of selectable variables based on at least one of a change of market condition or a change of economic condition associated with the at least one variable from the plurality of selectable variables; and
after the updating, recalculating at the server the commission for the same sale of the same real estate asset based on the updated value of the at least one variable from the plurality of selectable variables.
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Abstract
A method of determining a commission comprises providing a plurality of selectable variables. The plurality of variables are associated with an asset. A commission associated with a sale of the asset based at least partially on a selection of at least one variable from the plurality of variables is calculated. Calculating the commission includes assigning a value to each variable selected from the plurality of variables.
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Citations
13 Claims
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1. A method of determining a commission, comprising:
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providing from a server a plurality of selectable variables to an electronic device, the plurality of selectable variables associated with a real estate asset for sale; receiving at the server a selection of at least one variable from the plurality of selectable variables sent from the electronic device; calculating at the server a commission associated with a sale of the real estate asset based at least partially on the selection of at least one variable from the plurality of selectable variables; providing from the server the calculated commission to the electronic device; receiving at the server from the electronic device an indication that the calculated commission is one of accepted or rejected; after the receiving, updating at the server a value associated with at least one variable from the plurality of selectable variables based on at least one of a change of market condition or a change of economic condition associated with the at least one variable from the plurality of selectable variables; and after the updating, recalculating at the server the commission for the same sale of the same real estate asset based on the updated value of the at least one variable from the plurality of selectable variables. - View Dependent Claims (2, 3, 4)
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5. A processor-readable medium storing code representing instructions to cause a processor to perform a process, the code comprising code to:
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provide to an electronic device a plurality of selectable variables, the plurality of selectable variables associated with a real estate asset for sale; receive a selection of at least one variable from the plurality of selectable variables; and calculate a commission associated with a sale of the real estate asset based at least partially on the selection of at least one variable from the plurality of selectable variables, the calculating including assigning a value to each variable selected from the plurality of selectable variables; provide the calculated commission to the electronic device; receive from the electronic device an indication that the calculated commission is accepted or rejected; after the receiving, update a value associated with at least one variable from the plurality of selectable variables based on at least one of a change of market condition or a change of economic condition associated with the at least one variable from the plurality of selectable variables; and after the updating, recalculate the commission for the same sale of the same real estate asset based on the updated value of the at least one variable from the plurality of selectable variables. - View Dependent Claims (6, 7, 8, 9)
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10. A processor-readable medium storing code representing instructions to cause a processor to perform a process, the code comprising code to:
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receive at an electronic device a plurality of selectable variables from a server, each variable from the plurality of selectable variables having an associated first value; select at the electronic device at least one variable from the plurality of selectable variables; input into the electronic device data associated with a real estate asset; send from the electronic device the at least one selected variable to the server; receive at the electronic device a quote for a commission associated with a sale of the real estate asset, the quote based at least in part on the selected variable and its associated value; after receiving at the electronic device a quote, send from the electronic device a response to the server indicating whether the quote for a commission associated with the sale of the real estate asset is one of accepted or rejected; after the sending a response, select at the electronic device at least one variable from the plurality of selectable variables at a subsequent time, at least one of the variables from the plurality of selectable variables received at the subsequent time having a second value different than the first value; send from the electronic device to the server at least one selected variable from the plurality of selectable variables received at the subsequent time; and receive at the electronic device a recalculated quote for a commission for the same sale of the same real estate asset based on the variables from the plurality of selectable variables selected at the subsequent time. - View Dependent Claims (11, 12, 13)
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Specification