System for real estate sale management

• US 7,680,673 B2
• Filed: 08/23/2002
• Issued: 03/16/2010
• Est. Priority Date: 08/23/2002
• Status: Active Grant

• Current Assignee: Cynthia R. Wheeler
• Original Assignee: Cynthia R. Wheeler
• Inventors: Wheeler, Cynthia R.
• Primary Examiner(s): Vig; Naresh
• Application Number:
  US10/227,324
• Publication Number:
  US 20040039581A1
• Time in Patent Office: 2,762 Days
• Field of Search: 705/1, 705/26, 705/14
• 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: G06Q 50/167 Closing

Abstract

In a method for promoting the sale of real estate, a first dealer, such as an independent seller, may offer a commission to a second dealer, such as a professional real estate agent or broker, for the sale of a real estate property. The commission offer may be transmitted from the first to the second dealer through a computer server. The second dealer may also have previously determined a minimum acceptable commission, which may be posted on an administration environment or page maintained by the second dealer. If the commission offered by the first dealer is at or above the second dealer'"'"'s selected minimum, and the real estate property is in the same general geographic location as the second dealer, then the listing for the real estate property may appear as a listing on the second dealer'"'"'s administration page.

Claims

1. A method for promoting the sale of real estate comprising:

providing a computer server comprising;

a first administration environment for a first dealer and a second administration environment for each of a plurality of second dealers, each of the second dealers being at least one of a real estate agent or a real estate broker and each of the second dealers having a minimum acceptable commission rate;

a real estate database having at least a minimum acceptable commission rate by each of the second dealers, and property listing for properties being offered for sale by the first dealer;

said first dealer creating a new property listing for sale and a commission offer to sell the new property listing on said first administration environment;

said computer server receiving from the first administration environment the new property listing and the commission offer to sell the new property listing;

said computer server displaying the new property listing on said first administration environment of said first dealer;

said computer server identifying the second dealers within same geographic area as the property listing and having the minimum acceptable commission rate that is at least equal to or less than the offered commission from the first dealer; and

said computer server transmitting and displaying said new property listing information on the second administration environment of each of the identified second dealers.

2. The method of claim 1, further comprising the step of providing on said computer server a transaction database adapted to electronically store sale documentation.

3. The method of claim 1, wherein said first dealer is an independent seller.

4. The method of claim 1, wherein said first dealer is a builder.

5. The method of claim 1, wherein said commission offer is limited to a second dealer within a same geographic area as the property listing.