Systems and methods for searching for and translating real estate descriptions from diverse sources utilizing an operator-based product definition

1. A method for creating user customized real estate appraisal or valuation reports representing real properties from computer data records stored and accessed within a computer system comprising:

receiving data records from a database source of real properties;

retrieving, from computer memory predetermined descriptors corresponding to data values within the data records;

retrieving, from computer memory, one or more translational and formatting rules that define how the predetermined descriptors corresponding to data values within the data records are identified and extracted from the data records;

appending the data values with the corresponding retrieved descriptors in accordance with the one or more translational and formatting rules;

applying the one or more translational and formatting rules to cause a processor within the computer system to:

combine, based on at least a translational rule, numerical data derived from the data values with text data to represent a characteristic of the real properties contained within the data records;

customize, based on at least a formatting rule, the combined numerical data and text data to create a customized property characteristic and store the customized property characteristic in computer memory;

retrieve the customized property characteristic from memory and standardize, based on at least a formatting rule, the numerical data of the customized property characteristic; and

standardize, based on at least a formatting rule, the text data of the customized property characteristic and store the standardized property characteristic in computer memory; and

generating a customized appraisal or valuation report, based on the translational and formatting rules, to produce a standardized appraisal or valuation report with the standardized property characteristics and the corresponding predetermined descriptors.

2. The method of claim 1 , further comprising retrieving data records from a plurality of database sources.

3. The method of claim 2 , further comprising prioritizing the plurality of database sources.

4. The method of claim 3 , wherein the one or more rules are determined based on receiving rule customization data from the user.

5. The method of claim 2 , wherein the database sources are prioritized based on different property characteristics from within the data records.

6. The method of claim 1 , further comprising presenting the user with a selection interface comprising numerical data formats represented within the data records.

7. The method of claim 6 , further comprising receiving a selection of numerical data formats from the user for use in standardizing the numerical data.

8. The method of claim 1 , further comprising presenting the user with a selection interface comprising text data formats represented within the data records.

9. The method of claim 6 , further comprising receiving a selection of text data formats from the user for use in standardizing the numerical data.

10. The method of claim 1 , further comprising receiving a formatting requirement from a third party wherein the formatting requirement determines the format of the numerical data, the format of the text data, or the descriptors used in the report.

11. A computer system comprising processors and computer memory for generating custom real estate appraisal or valuation reports over a computer network, the system comprising:

a user terminal to

receive a selection from a user for a database source of real properties represented by data records;

retrieve predetermined descriptors corresponding to data values within the data records stored in computer memory;

retrieve, from the computer memory, one or more translational and formatting rules that define how the predetermined descriptors corresponding to data values within the data records are identified and extracted from the data records;

append data values with the corresponding retrieved descriptors in accordance with the one or more translational and formatting rules;

apply the one or more translational and formatting rules to cause the user terminal to:

combine, based on at least a translational rule, numerical data derived from the data values with text data to represent a characteristic of the real properties contained within the data records;

customize, based on at least a formatting rule, a property characteristic created by combining numerical data and text data and store the customized property characteristic in computer memory;

standardize, based on at least a formatting rule, numerical data which is the customized property characteristic retrieved from memory; and

standardize, based on at least a formatting rule, text data which is the text data of the customized property characteristic retrieved from computer memory; and

generate a customized appraisal or valuation report, based on the translational and formatting rules, to produce a standardized appraisal or valuation report with the standardized property characteristics and the corresponding predetermined descriptors.

12. The system of claim 11 , further comprising retrieved data records from a plurality of database sources.

13. The system of claim 12 , further comprising a prioritized plurality of database sources.

14. The system of claim 13 , further comprising preference data.

15. The system of claim 12 , wherein the database sources are prioritized based on different property characteristics from within the data records.

16. The system of claim 11 , further comprising a selection interface comprising numerical data formats represented within the data records.

17. The system of claim 16 , further comprising a selection of numerical data formats from the user for use in standardizing the numerical data.

18. The system of claim 11 , further comprising presenting a selection interface comprising text data formats represented within the data records.

19. The system of claim 16 , further comprising a selection of text data formats from the user for use in standardizing the numerical data.

20. The system of claim 11 , further comprising a formatting requirement from a third party wherein the formatting requirement determines the format of the numerical data, the format of the text data, or the descriptors used in the report.