System for real estate sale management

• US 20040039581A1
• Filed: 08/23/2002
• Published: 02/26/2004
• Est. Priority Date: 08/23/2002
• Status: Active Grant

• Current Assignee: Cynthia R. Wheeler
• Original Assignee: Cynthia R. Wheeler
• Inventors: Wheeler, Cynthia R.
• Granted Patent: US 7,680,673 B2
• Time in Patent Office: Days
• US Class Current: 705/1
• 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: G06Q 50/167 Closing

Abstract

A system for managing the sale of real estate that includes a first step of providing a computer server that is accessible via a global computer network. In a second step there is provided on the computer server a real estate database that contains property listings that are being offered for sale by Real Estate Agents and Independent Sellers. In a third step there is provided on the computer server a transaction database that is adapted to store sale documentation relating to the sale of a real estate listing. In a final step, sale documentation relating to a property listing is received in the transaction database. The transaction database is then automatically updated so that a buyer and dealer and others can monitor the progress of a sale.

Claims

1. A system for managing the sale of real estate comprising the steps of:

providing a computer server;

providing on said computer server a real estate database having a plurality of property listings being offered for sale through a dealer;

providing on said computer server a transaction database adapted to electronically store sale documentation;

receiving in said transaction database said sale documentation for at least one property listing on said real estate database such that said transaction database is automatically updated and said dealer can monitor the progress of the sale of said at least one property.

2. The system of claim 1, wherein said dealer is a broker.

3. The system of claim 1, wherein said dealer is a real estate agent.

4. The system of claim 1, wherein said dealer is an independent seller.

5. The system of claim 1, wherein said dealer is a builder.

6. The system of claim 1, wherein said sale documentation is selected from the group consisting of:

real estate offers, real estate counteroffers, survey information, appraisal information, property inspection information, title information and insurance information.

7. The system of claim 1, further comprising the step of receiving in said computer server community information for a selected geographic location.

8. The system of claim 7, wherein said community information is selected from the group consisting of:

schools data, law enforcement data, news, moving information, home improvement information, home decorating information, furniture information, cleaning information, home restoration information, contractor information, landscaping information, water purification information, well equipment information, pool equipment information, restaurants information, sports facility information, entertainment information, shopping information and hospital data.

9. The system of claim 1, further comprising the step of receiving in said computer server market analysis information, said market analysis information comprising public record data for at least one of said plurality of property listings on said computer server.

10. The system of claim 1, further comprising the step of transmitting from said computer server market analysis information, said market analysis information comprising a sale price for at least one of said plurality of property listings on said computer server.

11. The system of claim 1, further comprising the step of transmitting from said computer server a referral notice, said referral notice including a referral fee agreement.

12. The system of claim 1, further comprising the step of preparing on said computer server a comparative market analysis and transmitting said comparative market analysis to said dealer, said comparative market analysis comprising a comparison of the price of at least two property listings of said plurality of property listing.

13. The system of claim 1, further comprising the step of receiving in said computer server financial information for a real estate buyer.

14. The system of claim 13, further comprising the step of transmitting said real estate buyer'"'"'s financial information from said computer server to a lending service.

15. The system of claim 13, wherein said financial information comprises pre-approval information for said real estate buyer.

16. The system of claim 15, further comprising the step of transmitting at least one of said plurality of property listings from said computer server to said real estate buyer.

17. The system of claim 13 wherein said financial information comprises pre-qualification information for said real estate buyer.

18. The system of claim 17, further comprising the step of transmitting at least one of said plurality of property listings from said computer server to said real estate buyer.

19. The system of claim 1, further comprising the step of receiving in said computer server an order for a real estate service.

20. A system for managing the sale of real estate comprising the steps of:

providing a computer server;

providing on said computer server a real estate database having a first administration page for a first dealer and a second administration page for a second dealer, said first administration page including a property listing being offered for sale by said first dealer;

receiving in said computer server a commission offer from said first dealer to said second dealer to sell said property listing, said commission offer being at least equal to a minimum acceptable commission for said second dealer;

transmitting said property listing onto said second administration page.

21. The system of claim 20, further comprising the step of providing on said computer service a transaction database adapted to electronically store sale documentation.

22. The system of claim 20, wherein said dealer is an independent seller.

23. The system of claim 20, wherein said dealer is a builder.

24. The system of claim 20, wherein said commission offer is limited to a second dealer within a same geographic area as said first dealer.

25. The system of claim 20, wherein said dealer is a broker.

26. The system of claim 20, wherein said dealer is a real estate agent.