Real estate disclosure reporting method

• US 20100094764A1
• Filed: 08/31/2009
• Published: 04/15/2010
• Est. Priority Date: 06/23/2000
• Status: Active Grant

• Current Assignee: Property Disclosure Technologies LLC (Empire IP LLC)
• Original Assignee: Glen Randall Bell
• Inventors: Bell, G. Randall
• Granted Patent: US 7,945,530 B2
• Time in Patent Office: Days
• US Class Current: 705/313
• CPC Class Codes: G06Q 10/063 Operations research, analysis or management
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 30/0643 Graphical representation of items or shoppers
• CPC Class Codes: G06Q 50/16 Real estate
• CPC Class Codes: G06Q 99/00 Subject matter not provided for in other groups of this subclass
• CPC Class Codes: Y10S 707/99931 Database or file accessing
• CPC Class Codes: Y10S 707/99935 Query augmenting and refining, e.g. inexact access
• CPC Class Codes: Y10S 707/99937 Sorting

Abstract

A real estate disclosure reporting method identifies a condition category, creates a disclosure form and lists items of disclosure on a disclosure form. The items of disclosure relate to the condition category. The reporting method also researches a particular property to determine known items of disclosure, indicates the known items of disclosure on the disclosure form and generates a report of the known items of disclosure.

Claims

1. A real estate disclosure reporting method comprising the steps of:

identifying a condition category;

creating a disclosure form listing a plurality of items of disclosure that relate to the condition category

researching a particular property to determine a plurality of known ones of the items of disclosure; and

indicating the known items of disclosure on the disclosure form; and

generating a report of the known items of disclosure.

2. The real estate disclosure reporting method according to claim 1 wherein the condition category is at least one of site, environmental and natural conditions.

3. The real estate disclosure reporting method according to claim 2 wherein the researching step accesses a plurality of public agency databases over the Internet.

4. The real estate disclosure reporting method according to claim 3 wherein the indicating step comprises:

identifying an indicator area proximate each of the items of disclosure; and

marking the indicator area according to the known items of disclosure.

5. The real estate disclosure reporting method according to claim 4 wherein the generating step comprises downloading a report on electronic media via the Internet.

6. The real estate disclosure reporting method according to claim 5 wherein the items of disclosure comprise at least one of landslide and liquefaction conditions.

7. The real estate disclosure reporting method according to claim 5 wherein the items of disclosure comprise at least one of Superfund, LUST and oil and gas well conditions.

8. The real estate disclosure reporting method according to claim 5 wherein the items of disclosure comprise at least one of flood and earthquake conditions.

9. A real estate disclosure reporting method comprising the steps of:

researching a particular property to determine a plurality of known items of disclosure;

compiling the known items of disclosure on electronic media;

identifying at least a portion of the known items of disclosure with a condition category; and

downloading the electronic media to a user over the Internet.

10. The real estate disclosure reporting method according to claim 9 wherein the researching comprises accessing at least one database over the Internet.

11. The real estate disclosure reporting method according to claim 10 wherein the at least one database comprises at least one of a Federal Superfund database and a Leaking Underground Storage Tank (LUST) database.

12. The real estate disclosure reporting method according to claim 10 wherein the known items of disclosure comprise at least one of flood, earthquake faults, landslide and liquefaction conditions.

13. The real estate disclosure reporting method according to claim 10 wherein the electronic media utilizes a markup language for downloading to a user over the Web.

14. The real estate disclosure reporting method according to claim 13 wherein the known items of disclosure are designated on the electronic media with one of a checkmark or an “

X”

placed within a check box.

15. A real estate disclosure reporting method comprising the steps of:

identifying a subject property;

accessing a plurality of databases over the Internet;

the databases having subject property related data;

determining known items of disclosure regarding the subject property from the databases;

reporting the known items of disclosure on electronic media; and

downloading the electronic media to a user over the Internet.

16. The real estate disclosure reporting method according to claim 15 wherein the databases comprise at least one of government records and police records.

17. The real estate disclosure reporting method according to claim 16 wherein the known items of disclosure comprise at least one of site conditions, natural conditions and environmental conditions.

18. The real estate disclosure reporting method according to claim 17 wherein the electronic media report comprises a web page formatted with a markup language.

19. The real estate disclosure reporting method according to claim 18 wherein reporting comprises indicating the known items of disclosure with a designation placed within a check box.

20. The real estate disclosure reporting method according to claim 19 wherein the downloading comprises communicating the web page to a user browser.