Claims:We Claim:
1. A real estate information directing and transmitting system, comprising:
a. a host server;
b. a folder module;
c. a reports module;
d. an activity map module; and
e. display interfaces.
wherein, accessible by multiple parties, which include sellers, buyers and Realtors
2. The system of claim 1, wherein the stored features comprise a calculator to calculate due dates
3. The system of claim 1, wherein the folder module can also include an automatic or manual updating importer of information
4. The system of claim 1, wherein the folder module may also include user login and password information
, Description:Technical Field of the Invention
This invention relates generally to a real estate transaction system that allows Realtors and clients to create, access and modify information regarding real estate transactions.
Background of the Invention
Generally, real estate transactions are approached from two different vantage points: 1) offering a property for sale to the general public on behalf of a person owning the property; and 2) seeking a property on behalf of a person desiring to acquire it, wherein the property can be commercial, residential, industrial or other types of property and wherein the person can be a single person, multiple people, businesses, corporations or other parties acquiring a property. The first vantage point focuses on the sale of a subject property, while the second vantage point focuses on the purchase of a subject property.
From the first vantage point, the seller, who can be the owner, lien-holder or other interested party of a subject property, often hires a listing Realtor who markets and advertises the subject property to prospective buyers, wherein “prospective buyers” can include a single person, multiple people, businesses, corporations, their agents or other parties seeking a real estate property.
From the second vantage point, a buyer often hires a buyer's agent (i.e., Realtor) to find, negotiate and help buy a property for the buyer. After a contract has been successfully negotiated and accepted by both the seller and the buyer (a ratified contract), the buyer relies on the buyer's agent to keep the buyer informed of all requirements of the contract, including completed or upcoming due dates, in order to successfully transfer title of the property from the seller to the buyer.
Object of the Invention
An object of the invention is to solve at least the above problems and/or disadvantages and to provide at least the advantages described hereinafter.
Summary of the Invention
A real estate information directing and Transmitting system accessible by multiple parties, which include sellers, buyers and Realtors, including a host server with a folder module adapted to contain information about a real estate property or transaction, a reports module communicatively coupled to the folder module, wherein the reports module is adapted to search and filter information from the folder module, and an activity map module communicatively coupled to at least one of the folder module and the reports module, wherein the activity map module comprises a data base of stored features and is adapted to extract information from at least one of the folder module and the reports module and manipulate the extracted information using the stored features to provide docketing information and calendaring functions to the multiple parties, which include sellers, buyers and Realtors, wherein the stored features comprise at least one of a calculator to calculate due dates, a hyperlink to allow connecting between the folder module, the reports module and the activity map module, an automatic file saver, a new activity entry generator, a letter campaign generator, an instruction adding generator, and a note generator, and a display interface.
objects, and features of the invention will be set forth in part in the description which follows and in part will become apparent to those having ordinary skill in the art upon examination of the following or may be learned from practice of the invention. The objects and advantages of the invention may be realized and attained as particularly pointed out in the appended claims.
Brief description of Drawings:
FIG. 1 is a schematic diagram of a folder module in accordance with an embodiment of the invention.
Detailed Description of Invention:
As illustrated in FIG. 1, the folder module contains data for the system which is stored in a manner that enables it to be viewed (or rearranged in some manner) using the other modules in the system. The folder module is itself a collection of folders each of which relates to particular real estate transactions. For example, if a piece of property is being sold, a Realtor will create a folder and insert information such as, initially, the name(s) of the seller, and subsequently the buyer, the price, the address, size, terms and conditions, all the due dates, and so forth. The folder module facilitates this process by providing the Realtor with a form or a series of questions to prompt the Realtor for the required information for that transaction. The Realtor using the system would respond by including information on selected real estate properties, such as, names and addresses of a seller and/or buyer, property descriptive information, as well as, user login and password information for the host system and an automatic or manual updating importer of information. Other information may also be provided as desired based on the requests or needs of an end user. The folder module may also be used to store and access information on any other parties, such as inspectors, mortgage agents’ landscapers and companies providing other services. This process varies depending on the real estate transaction at hand.
The property descriptive information in the folder module may include, for example, video images, audio tracks, written description, status information, pricing and other descriptive information. The written description can include the number of similar properties on the market, the number of rooms including the types of rooms, such as the number of bedrooms and bathrooms, a virtual tour of a subject property through video images, dimensions of each room, or a property's map location.
Additionally, some of this information, including but not limited to the offering price and the description, may be altered as necessary to correct or update information, as well as, to account for market conditions. The folder module may also include user login and password information to restrict or limit access to the public, while allowing various levels of access to a Realtor, buyer, seller or other interested party depending upon the user. This can allow a Realtor to control access into the folder module so that only the Realtor can edit information therein, while a buyer, seller or other interested party can only read the information that the Realtor permits them to read.
Finally, the folder module can also include an automatic or manual updating importer of information to automatically or manually update information in the folder module by linking the system to a database independent from the system that may contain updated information.