System and method for tracking, monitoring, and supporting self-procuring principals in real estate transactions
April 20, 2019. Estimated 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.Patent ReferencesReal estate search and location system and method System with two different communication mediums, transmitting retrieved video and compressed audio information to plural receivers responsively to users' requests Interactive computer system to match buyers and sellers of real estate, businesses and other property using the internet 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 Large scale distributive video on demand system for the distribution of real estate properties information Automated matching, scheduling, and notification system System and method for managing transactions relating to real estate Patent #: 6321202 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)ExaminersPrimary: Thomas, JosephAssistant: Gilligan, Christopher L. Attorney, Agent or FirmForeign Patent References
International ClassG06F 1760AbstractA 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
Field of SearchMarket analysis, demand forecasting or surveyingAUTOMATED ELECTRICAL FINANCIAL OR BUSINESS PRACTICE OR MANAGEMENT ARRANGEMENT Finance (e.g., banking, investment or credit) Trading, matching, or bidding Credit (risk) processing or loan processing (e.g., mortgage) Requiring authorization or authentication | |
