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US 2017/0287088 A1Published application
Buyer broker real estate rebate system
OwnerCarl Swanson, Daniel Gurkeinventors
Life of this patent
Estimating the term…
Abstract
A buyer broker real estate rebate system for purchasing and leasing real estate. The system utilizes property databases and provides an interactive purchasing broker for offering, negotiating and accepting terms; preparing a contract and closing package; and for rebating the buyer/seller.
Claims9
A broker real estate rebate system for rebating a portion of broker commission back to the user, the system comprising:
- a network accessible administrative service providing a public accessibility and a private accessibility, wherein said user is provided private access after registration with said service;
- said service receives information entered by said user for one or more real estate properties;
- said service provides a letter of intent with variable terms, including price, for said user to complete for a selected property, and sends said complete letter of intent to a seller of said property;
- said service presents said letter of intent to said seller thereby initiating a negotiation process whereby said seller can reject, accept or counter said letter of intent;
- said service creates a closing package upon acceptance of terms, said package including contract information;
- and
- upon user notification of closing of said property, said system initiates payment to said user of said rebate.
4 more elements
A method automating a real estate transaction between a first party, a second party and a service provider communicatively connected to a network comprising:
- registering with said service by said first party;
- entering real estate property information within said service by said first party;
- providing an offer with variable terms, including price, for said property, whereby said first party completes said terms;
- presenting said offer to said second party;
- negotiating said variable terms of said offer between said first and said second party;
- creating a closing package by said service provider upon acceptance of said terms;
- and
- rebating a portion of a commission back to said first party by said service provider.
5 more elements
Dependencies are inferred from the claim text.