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US Patent 6751596 - System and method for tracking, monitoring, and supporting self-procuring principals in real estate transactions
US Patent Issued on June 15, 2004
Estimated Patent Expiration Date:
April 20, 2019Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.
Estimated Patent Expiration Date:
April 20, 2019Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.AbstractA system and method for tracking, monitoring, and supporting self-procurement of an individual for the purchase of a home. As a self-procuring principal (SPP), the individual would be entitled to the real estate commission payable to licensed real estate agents. To aid the SPP in his self-procurement activities, the system provides information to the SPP of property listings that match the SRP's search criteria. The system also provides comparable sales information of other homes in the area, school district reports, environmental hazard reports, and automated offer drafting assistance. If the SPP wants to view a property, the system coordinates such viewing by contacting chaperones to provide the showing of the property. The SPP's self-procuring activities are tracked by the system for inclusion in the SPP's loan file. The report certifies that the SPP has indeed represented and procured himself, and thus, is entitled to the real estate commission. The SPP can then apply the commission towards the downpayment of a home.Other References
| InventorAssigneeApplicationNo. 09296709 filed on 04/20/1999US Classes:705/10, Market analysis, demand forecasting or surveying705/37, Trading, matching, or bidding705/38Credit (risk) processing or loan processing (e.g., mortgage)Field of Search705/10, Market analysis, demand forecasting or surveying705/1, AUTOMATED ELECTRICAL FINANCIAL OR BUSINESS PRACTICE OR MANAGEMENT ARRANGEMENT705/35, Finance (e.g., banking, investment or credit)705/37, Trading, matching, or bidding705/38, Credit (risk) processing or loan processing (e.g., mortgage)705/44Requiring authorization or authenticationExaminersPrimary: Thomas, JosephAssistant: Gilligan, Christopher L. Attorney, Agent or FirmUS Patent References4870576, Real estate search and location system and methodIssued on: 09/26/1989 Inventor: Tornetta5276866, System with two different communication mediums, transmitting retrieved video and compressed audio information to plural receivers responsively to users' requests Issued on: 01/04/1994 Inventor: Paolini5664115, Interactive computer system to match buyers and sellers of real estate, businesses and other property using the internet Issued on: 09/02/1997 Inventor: Fraser5754850, Real-estate method and apparatus for searching for homes in a search pool for exact and close matches according to primary and non-primary selection criteria Issued on: 05/19/1998 Inventor: Janssen5867155, Large scale distributive video on demand system for the distribution of real estate properties information Issued on: 02/02/1999 Inventor: Williams5974406, Automated matching, scheduling, and notification system Issued on: 10/26/1999 Inventor: Bisdikian, et al.6321202System and method for managing transactions relating to real estate Issued on: 11/20/2001 Inventor: Raveis, Jr. Foreign Patent References
International ClassG06F 1760 |
