System and method for provisioning assets for online transactions

Abstract

Information pertaining to the real property asset is received from a seller of the real property asset. From the information, a set of parameters are determined about the real property asset. The set of parameters are then used to select a set of agreements that are to control completion of the real property asset being sold using the online medium. The real property asset is then made available for sale using the selected set of contracts.

What is claimed is: 
     
         1 . A method for provisioning a real property asset for sale in an online medium, the method being implemented by one or more processors and comprising:
 (a) receiving information pertaining to the real property asset from a seller of the real property asset;   (b) determining, from the information, a set of parameters about the real property asset, the set of parameters including one or more required parameters;   (c) using the set of parameters to select a set of agreements that are to control completion of the real property asset being sold using the online medium; and   (d) making the real property asset available for sale using the selected set of contracts.   
     
     
         2 . The method of  claim 1 , wherein (b) determining a geographic region of the real property asset and a type of the real property asset, and wherein (c) includes determining at least one contract for use in completing a transaction for the real property asset based on the geographic region and the type of real property asset. 
     
     
         3 . The method of  claim 2 , wherein determining at least one contract includes selecting a contract from a library of contract based at least in part on the set of parameters, including the geographic region and the type of the real property asset. 
     
     
         4 . The method of  claim 1 , wherein (b) includes determining the set of parameters including a type of a seller for the real property asset. 
     
     
         5 . The method of  claim 1 , wherein (b) includes determining the set of parameters including an occupancy characterization for the real property asset. 
     
     
         6 . The method of  claim 1 , wherein the real property asset corresponds to a real-estate property, and wherein (b) includes determining the set of parameters including a type of the real property asset. 
     
     
         7 . The method of  claim 1 , wherein the real property asset corresponds to a real-estate property, and wherein (b) includes determining a legal characterization of the real property asset that subjects the real property asset to federal or state laws. 
     
     
         8 . The method of  claim 1 , wherein (d) includes making the real property asset available for sale on an online auction. 
     
     
         9 . The method of  claim 1 , further comprising validating the real property asset and the seller. 
     
     
         10 . The method of  claim 9 , wherein validating the real property asset includes verifying an address of the real property asset. 
     
     
         11 . The method of  claim 10 , wherein validating the real property asset includes verifying that the seller has authority to sell the real property asset. 
     
     
         12 . The method of  claim 1 , wherein (b) includes inferring at least one parameter based on the information received from the seller. 
     
     
         13 . The method of  claim 12 , wherein inferring at least one parameter is based on a geographic location of the real property asset. 
     
     
         14 . The method of  claim 12 , wherein inferring at least one parameter is based on an address of the real property asset. 
     
     
         15 . A method for provisioning a real property asset for sale in an online medium, the method being implemented by one or more processors and comprising:
 (a) receiving information pertaining to the real property asset from a seller of the real property asset;   (b) enabling information about the real property asset to be searched and viewed by a population of buyers during a pre-auction period;   (c) performing one or more steps to validate the real property asset and that the seller has authority to sell the real property asset; and   (d) making of the real property asset available for sale during an auction period, the auction period being initiated after the pre-auction period is over.   
     
     
         16 . The method of  claim 15 , wherein performing the one or more steps includes performing one or more steps to verify an address of the of the real property asset. 
     
     
         17 . The method of  claim 15 , wherein performing the one or more steps includes performing one or more steps to verify an authority of the seller to sell the property asset. 
     
     
         18 . The method of  claim 15 , further comprising programmatically formatting the information received from the seller so the information pertaining to the real property asset is recorded in accordance with a convention.