IP Library Granted Patent US 11,978,097
Granted Patent B2
US 11,978,097 · App. 17/523,137 · Granted May 7, 2024

System and method for finding an optimal real estate agent or agency

Inventor: James Nicol (Ballarat, AU)
Assignee: Quant Property Solutions Australia PTY LTD
G06Q30/0282G06F16/24578G06Q10/1053G06Q30/0627G06Q50/16
View Patent ↗
Loading inventors, assignments & file history…
Monitor This Case
Get email alerts when status or documents change.
Order Certified Copies
Most orders are placed with the USPTO same day — all within 24 business hours.
Order via The Patent Place →
Pre-filled with this patent's details
Quick Facts
Patent No.
US 11,978,097
App. No.
17/523,137
Granted
May 7, 2024
Kind
B2
Abstract

A method and system for providing an optimal real estate agent or agency for a user to use to sell a property by (a) electronically accessing real estate parameters from a plurality of proprietary databases; (b) electronically assigning a value to each agent or agency for each parameter compared to a market average for each parameter; (c) electronically ranking each agent or agency based on a cumulative value of the parameters; and (d) electronically sending to the user an optimal real estate agent or agency based on the cumulative value.

Claims (52)

1. A method, using a computer system having an electronic processor and a non-transitory electronic memory, of providing an optimal real estate agent or agency for a user to use to sell a property based upon user defined property characteristics, comprising:

(a) inputting, through a user interface, a user defined target address;

(b) electronically, using the electronic processor and the non-transitory electronic memory, accessing, based upon the inputted user defined target address, a plurality of proprietary databases to obtain property characteristics corresponding to the user defined target address, property characteristics including number of bedrooms, number of bathrooms, and car spaces;

(c) communicating, using the electronic processor and the non-transitory electronic memory, the accessed property characteristics to the user;

(d) electronically enabling, through the user interface, the user to modify or accept the communicated property characteristics to create a user defined set of property characteristic search parameters;

(e) electronically, using the electronic processor and the non-transitory electronic memory, retrieving, based on the user defined set of property characteristic search parameters within a predefined radius from the user defined target address and within a predefined time period, a plurality of user defined real estate agent/agency based parameters from the plurality of proprietary databases, each real estate agent or real estate agency having a plurality of distinct real estate agent/agency based parameters associated therewith;

(f) electronically, using the electronic processor and the non-transitory electronic memory, calculating a current market average for each retrieved user defined real estate agent/agency based parameter;

(g) electronically, using the electronic processor and the non-transitory electronic memory, communicating, to the user, the current market average for each retrieved user defined real estate agent/agency based parameter;

(h) electronically, using the electronic processor and the non-transitory electronic memory, assigning a value to each real estate agent or real estate agency for each retrieved user defined real estate agent/agency based parameter associated therewith, each value corresponding to a comparison of a market average of a real estate agent/agency based parameter and a corresponding retrieved user defined real estate agent/agency based parameter;

(i) electronically, using the electronic processor and the non-transitory electronic memory, sorting a number of real estate agent/agency based parameters associated with each real estate agent or real estate agency into a ranking order;

(j) electronically, using the electronic processor and the non-transitory electronic memory, ranking each agent or agency based on a cumulation of the values for each real estate agent or real estate agency;

(k) electronically, using the electronic processor and the non-transitory electronic memory, providing the user access to individual rankings for each real estate agent/agency based parameter;

(l) electronically, using the electronic processor and the non-transitory electronic memory, providing the user access to the comparison of the market average of a real estate agent/agency based parameter and the corresponding retrieved user defined real estate agent/agency based parameter;

(m) electronically, using the electronic processor and the non-transitory electronic memory, providing the user access to individual rankings on the number of properties sold by a real estate agent or real estate agency; and

(n) electronically, using the electronic processor and the non-transitory electronic memory, sending to the user an optimal real estate agent or real estate agency based on the ranking of each real estate agent or real estate agency.

2. The method according to claim 1 , wherein the optimal real estate agent or real estate agency provided to the user has the highest cumulated value.

3. The method according to claim 2 , wherein the cumulated value is calculated based on a weighted aggregate of the combined retrieved user defined real estate agent/agency based parameters for each real estate agent or real estate agency.

4. The method according to claim 1 , wherein the individual rankings for each real estate agent/agency based parameter include any one of list price to sale price differential, land size, value per square meter, average days on the market, and sale price.

5. The method according to claim 4 , wherein the user can switch between real estate agent ranking and real estate agency rankings for each real estate agent/agency based parameter.

6. The method according to claim 5 , wherein the user can select real estate agent or real estate agency to view past history of that real estate agent or real estate agency.

7. The method according to claim 6 , wherein the optimal real estate agent or real estate agency provided to the user is electronically calculated using a weighted average of combined cumulated values per real estate agent/agency based parameter average.

8. A computer-implemented method, an electronic processor and a non-transitory electronic memory, to provide an optimal real estate agent or agency for a user to use to sell a property based upon user defined property characteristics, comprising:

(a) inputting, through a user interface, a user defined target address;

(b) electronically, using the electronic processor and the non-transitory electronic memory, accessing, based upon the inputted user defined target address, a plurality of proprietary databases to obtain property characteristics corresponding to the user defined target address, property characteristics including number of bedrooms, number of bathrooms, and car spaces;

(c) electronically, using the electronic processor and the non-transitory electronic memory, communicating the accessed property characteristics to the user;

(d) electronically, using the electronic processor and the non-transitory electronic memory, enabling, through the user interface, the user to modify or accept the communicated property characteristics to create a set of property characteristic search parameters;

(e) electronically, using the electronic processor and the non-transitory electronic memory, retrieving, based on the set of property characteristic search parameters within a predefined radius from the user defined target address and within a predefined time period, a plurality of real estate agent/agency based parameters from the plurality of proprietary databases, each real estate agent or real estate agency having a plurality of distinct retrieved real estate agent/agency based parameters associated therewith;

(f) electronically, using the electronic processor and the non-transitory electronic memory, calculating a current market average for each real estate agent/agency based parameter;

(g) electronically, using the electronic processor and the non-transitory electronic memory, communicating, to the user, the current market average for each real estate agent/agency based parameter;

(h) electronically, using the electronic processor and the non-transitory electronic memory, assigning a value to each real estate agent or real estate agency for each retrieved real estate agent/agency based parameter associated therewith, each value corresponding to a comparison of a market average of a real estate agent/agency based parameter and a corresponding retrieved real estate agent/agency based parameter;

(i) electronically, using the electronic processor and the non-transitory electronic memory, sorting a number of real estate agent/agency based parameters associated with each real estate agent or real estate agency into a ranking order;

(j) electronically, using the electronic processor and the non-transitory electronic memory, ranking each agent or agency based on a cumulation of the values for each real estate agent or real estate agency;

(k) electronically, using the electronic processor and the non-transitory electronic memory, providing the user access to individual rankings for each real estate agent/agency based parameter;

(l) electronically, using the electronic processor and the non-transitory electronic memory, providing the user access to the comparison of the market average of a real estate agent/agency based parameter and the corresponding retrieved real estate agent/agency based parameter;

(m) electronically, using the electronic processor and the non-transitory electronic memory, providing the user access to individual rankings on the number of properties sold by a real estate agent or real estate agency; and

(n) electronically, using the electronic processor and the non-transitory electronic memory, sending to the user an optimal real estate agent or real estate agency based on the ranking.

9. A non-transitory computer-readable medium with stored code instructions thereon, that, when executed by a computer, enable the computer to perform a method, comprising:

code instructions, when the computer program product is executed on a computer, to execute a method for providing an optimal real estate agent or agency for a user to use to sell a property based upon user defined property characteristics;

said code instructions, when the computer program product is executed on a computer, electronically enabling inputting of, through a user interface, a user defined target address;

said code instructions, when the computer program product is executed on a computer, electronically enabling assessment of, based upon the inputted user defined target address, a plurality of proprietary databases to obtain property characteristics corresponding to the user defined target address, property characteristics including number of bedrooms, number of bathrooms, and car spaces;

said code instructions, when the computer program product is executed on a computer, electronically enabling communication of the accessed property characteristics to the user;

said code instructions, when the computer program product is executed on a computer, electronically enabling modification or acceptance by the user, through the user interface, the communicated property characteristics to create a set of property characteristic search parameters;

said code instructions, when the computer program product is executed on a computer, electronically enabling retrieval of, based on the set of property characteristic search parameters within a predefined radius from the user defined target address and within a predefined time period, a plurality of real estate agent/agency based parameters from the plurality of proprietary databases, each real estate agent or real estate agency having a plurality of distinct retrieved real estate agent/agency based parameters associated therewith;

said code instructions, when the computer program product is executed on a computer, electronically enabling calculation of a current market average for each real estate agent/agency based parameter;

said code instructions, when the computer program product is executed on a computer, electronically enabling communication of, to the user, the current market average for each real estate agent/agency based parameter;

said code instructions, when the computer program product is executed on a computer, electronically enabling assignment of a value to each real estate agent or real estate agency for each retrieved real estate agent/agency based parameter associated therewith, each value corresponding to a comparison of a market average of a real estate agent/agency based parameter and a corresponding retrieved real estate agent/agency based parameter;

said code instructions, when the computer program product is executed on a computer, electronically enabling sorting of a number of real estate agent/agency based parameters associated with each real estate agent or real estate agency into a ranking order;

said code instructions, when the computer program product is executed on a computer, electronically enabling ranking of each agent or agency based on a cumulation of the values for each real estate agent or real estate agency;

said code instructions, when the computer program product is executed on a computer, electronically enabling the user access to individual rankings for each real estate agent/agency based parameter;

said code instructions, when the computer program product is executed on a computer, electronically enabling the user access to the comparison of the market average of a real estate agent/agency based parameter and the corresponding retrieved real estate agent/agency based parameter;

said code instructions, when the computer program product is executed on a computer, electronically enabling the user access to individual rankings on the number of properties sold by a real estate agent or real estate agency; and

said code instructions, when the computer program product is executed on a computer, electronically sending to the user an optimal real estate agent or real estate agency based on the ranking.

Assignments (1)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Feb 15, 2022
From: NICOL, JAMES
To: QUANT PROPERTY SOLUTIONS AUSTRALIA PTY LTD
Reel/Frame 059114/0713 →
Continuity (1)
Related Publication 20220172144A1 · Jun 2, 2022