IP Library Granted Patent US 7,392,205
Granted Patent B1
US 7,392,205 · App. 11/182,400 · Granted Jun 24, 2008

System and method for directing and instructing customers to deal with specific merchants using incentives

Assignee: INest Realty, Inc.
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Quick Facts
Patent No.
US 7,392,205
App. No.
11/182,400
Granted
Jun 24, 2008
Kind
B1
Abstract

A buyer-seller matching system that uses incentives to verify commissions from matching the buyer with a seller. An item locator system that comprises a repository of information about items for purchase may be provided over a network for users to access information about items for purchase. Along with each item, the system presents an incentive that may be realized if that item is purchased from a designated third party seller. The user then executes the purchase with the seller, who pays the system the agreed upon fee and also issues a certification of purchase to the buyer. The user may then take the certification of purchase back to the central repository to redeem the incentive. The item locator system then checks to verify that it has received a fee or commission from the seller for bringing the seller a buyer of the item. The fee or commission may be based on the price of the item, such as if the item is a new house for sale and the seller is a new house builder.

Claims (34)

1. A method for providing, via an item locator system, an incentive for an item purchase, comprising:

providing, from an item locator system to a buyer, a listing of an item offered for sale by a seller and incentive information describing an incentive available to the buyer upon purchase of the item from the seller, wherein the seller is other than the item locator system;

receiving, at the item locator system, proof of funding of a purchase of the item purchased from the seller, wherein the seller is other than the item locator system; and

electronically providing, from the item locator system, the incentive to the buyer, in return for receipt of the proof of funding of the purchase of the item purchased from the seller, only if the buyer did not utilize a co-broker for the purchase of the item, other than the item locator system, wherein the seller is other than the item locator system.

2. The method of claim 1 , wherein the step of providing, from an item locator system to a buyer, a listing of an item offered for sale by a seller and incentive information describing an incentive available to the buyer upon purchase of the item from the seller, wherein the seller is other than the item locator system comprises displaying the item and the incentive information on a web page.

3. The method of claim 1 , wherein the item is a new home.

4. The method of claim 1 , wherein the item is a used home.

5. The method of claim 1 , wherein the item is real property.

6. A method for providing, via an item locator system, an incentive for an item purchase, comprising:

providing, from an item locator system to a buyer, a listing of an item offered for sale by a seller and incentive information describing an incentive available to the buyer upon purchase of the item from the seller, wherein the seller is other than the item locator system;

receiving, at the item locator system, proof of funding of a purchase of the item purchased from the seller, wherein the seller is other than the item locator system; and

electronically providing, from the item locator system, the incentive to the buyer, in return for receipt of the proof of funding of the purchase of the item purchased from the seller, only if the buyer utilized a buyer's agent with a fee arrangement with the item locator system, wherein the seller is other than the item locator system.

7. The method of claim 6 , wherein the step of providing, from an item locator system to a buyer, a listing of an item offered for sale by a seller and incentive information describing an incentive available to the buyer upon purchase of the item from the seller, wherein the seller is other than the item locator system comprises displaying the item and the incentive information on a web page.

8. The method of claim 6 , wherein the item is a new home.

9. The method of claim 6 , wherein the item is a used home.

10. The method of claim 6 , wherein the item is real property.

11. A method for receiving an incentive for an item purchase, comprising:

locating, using an item locator system, an item for sale by a seller and incentive information describing an incentive available to a buyer upon purchase of the item from the seller, wherein the seller is other than the item locator system;

completing purchase of the item from the seller located through the item locator system, wherein the seller is other than the item locator system; and

electronically receiving the incentive, from the item locator system in return for purchasing the item from the seller, wherein the incentive is received only if a co-broker, other than the item locator system, was not used, wherein the seller is other than the item locator system.

12. The method of claim 11 , wherein the step of locating, using an item locator system, an item for sale by a seller and incentive information describing an incentive available to a buyer upon purchase of the item from the seller, wherein the seller is other than the item locator system comprises viewing the item and the incentive information on a web page.

13. The method of claim 11 , further comprising providing proof of funding of a purchase.

14. The method of claim 11 , wherein the item is a new home.

15. The method of claim 11 , wherein the item is a used home.

16. The method of claim 11 , wherein the item is real property.

17. A method for receiving an incentive for an item purchase, comprising:

locating, using an item locator system, an item for sale by a seller and incentive information describing an incentive available to a buyer upon purchase of the item from the seller, wherein the seller is other than the item locator system;

completing purchase of the item from the seller located through the item locator system, wherein the seller is other than the item locator system; and

electronically receiving the incentive from the item locator system, in return for purchasing the item from the seller, wherein the incentive is received only if a buyer's agent with a fee arrangement with the item locator system was used, wherein the seller is other than the item locator system.

18. The method of claim 17 wherein the step of locating using an item locator system, an item for sale by a seller and incentive information describing an incentive available to a buyer upon purchase of the item from the seller, wherein the seller is other than the item locator system comprises viewing the item and the incentive information on a web page.

19. The method of claim 17 , further comprising providing proof of funding of a purchase.

20. The method of claim 17 , wherein the item is a new home.

21. The method of claim 17 , wherein the item is a used home.

22. The method of claim 17 , wherein the item is real property.

Assignments (14)
MERGER Recorded Jan 12, 2023
From: PUSH SUB I, INC.
To: MFTB HOLDCO, INC.
Reel/Frame 062389/0035 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jan 11, 2023
From: ZILLOW, LLC
To: PUSH SUB I, INC.
Reel/Frame 062353/0901 →
ARTICLES OF ENTITY CONVERSION AND CERTIFICATE OF FORMATION Recorded Dec 15, 2022
From: ZILLOW, INC.
To: ZILLOW, LLC
Reel/Frame 062136/0427 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Feb 8, 2021
From: FASTSTART REAL ESTATE SERVICES HOLDCO, INC.
To: ZILLOW, INC.
Reel/Frame 055179/0071 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Nov 30, 2016
From: NEWHOMESAMERICA.COM, INC.
To: OXFORD MANAGEMENT, INC.
Reel/Frame 040465/0649 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Nov 30, 2016
From: INTERNEST, INC.
To: INEST REALTY, INC.
Reel/Frame 040465/0916 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Nov 30, 2016
From: INEST REALTY, INC.
To: REALESTATE.COM, INC.
Reel/Frame 040466/0089 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Nov 30, 2016
From: REALESTATE.COM, INC.
To: MARKET LEADER, INC.
Reel/Frame 040466/0191 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Nov 30, 2016
From: OXFORD MANAGEMENT, INC.; NEWHOMESAMERICA.COM, INC.; FORWARD, DAVID R.
To: INTERNEST, INC.
Reel/Frame 040465/0819 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Nov 30, 2016
From: FORWARD, DAVID R.
To: NEWHOMESAMERICA.COM, INC.
Reel/Frame 040465/0545 →
CHANGE OF NAME Recorded Nov 29, 2016
From: MARKET LEADER, INC.
To: FASTSTART REAL ESTATE SERVICES HOLDCO, INC.
Reel/Frame 040456/0034 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Oct 12, 2011
From: REALESTATE.COM, INC.
To: MARKET LEADER, INC.
Reel/Frame 027049/0128 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Aug 31, 2011
From: INEST REALTY, INC.
To: REALESTATE.COM, INC.
Reel/Frame 026834/0146 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jan 24, 2008
From: INTERNEST, INC.
To: INEST REALTY, INC.
Reel/Frame 020403/0421 →
Continuity (1)
Continuation 1044605300 · May 28, 2003