Method and medium for dynamic property re-pricing using partial broker services

Abstract

A computer program product having code that when executed implements steps in a method for displaying to the user a recalculated sales price of realty. The recalculated sales price reflects user-selected brokerage services and not a fixed-commission percentage, typical with the sale of realty. Steps include establishing a database of itemized broker services; accessing a sales price of the realty; providing user access to the database; recording user-selected broker services; producing a recalculated sales price of the real estate property factoring the user-selected broker services into the sales price; and then displaying to the user the recalculated sales price. A system using the computer program product gets smarter with use because the method may include steps of automatically recalculating average factors used to produce a recalculated sales price of the real estate property.

What is claimed is: 
     
         1 . A computer program product comprising non-transitory computer usable memory having a computer readable program code embodied therein, said computer readable program code when executed by a computer processor causes the computer processor to perform a method for dynamically altering a sales price of real estate property, the method comprising the steps of:
 establishing a database stored on the non-transitory computer usable memory, the database comprising for each real estate property in a plurality of real estate properties for sale, a plurality of itemized broker services from a plurality of brokers who have agreed to perform one or more of said plurality of itemized broker services;   linking each itemized broker service in the plurality of itemized broker services to a specific fixed-price;   accessing a sales price for each real estate property in the plurality of real estate properties for sale;   providing user access to the database;   recording user-selected broker services for at least two real estate properties in the plurality of real estate properties, the user-selected broker services comprising one or more itemized broker services in the plurality of itemized broker services available for each said real estate properties;   producing a recalculated sales price of each of said real estate properties for which user-selected broker services are recorded and factoring the user-selected broker services into the sales price of each of said real estate properties; and   displaying to the user the recalculated sales price of each of said real estate properties for which user-selected broker services are recorded.   
     
     
         2 . The computer program product of  claim 1 , wherein the method further comprises the step of enabling the broker to change the specific fixed-price charged by the broker. 
     
     
         3 . The computer program product of  claim 1 , wherein the method further comprises the step of enabling the broker to change the plurality of itemized broker services. 
     
     
         4 . The computer program product of  claim 1 , wherein the method further comprises the steps of:
 storing the user-selected broker services and the recalculated sales price in a shopping cart on the non-transitory computer usable memory; and   enabling the user to submit an offer for purchase of the real estate property using the shopping cart.   
     
     
         5 . The computer program product of  claim 1 , wherein the method further comprises the steps of:
 linking together three shopping carts, the three shopping carts comprising: a first shopping cart holding a house designation for each real estate property in the plurality of real estate properties selected by the user; a second shopping cart holding separate shopping carts for each house designation, each said separate shopping cart holding user-selected broker services; and a third shopping cart holding an identification of a broker selected by the user for each user-selected broker service;   adding to the first shopping cart each house designation for each real estate property in the plurality of real estate properties selected by the user;   adding to the second shopping cart each user-selected broker service for each real estate property in the plurality of real estate properties selected by the user, wherein each such user-selected broker service is organized separately for each house designation; and   adding to the third shopping cart a broker designation for performance of each user-selected broker service, wherein each such broker designation is organized separately for each user-selected broker service.   
     
     
         6 . The computer program product of  claim 1 , wherein the method further comprises the step of including in the database an itemized service and its associated price from non-brokers, said itemized service and associated price relating to the real estate property. 
     
     
         7 . The computer program product of  claim 1 , wherein the method further comprises the steps of:
 providing access over a computer network to information related to the real estate property; and   storing the information on the non-transitory computer usable memory.   
     
     
         8 . The computer program product of  claim 1 , further comprising the steps of:
 calculating an average full service cost factor and an average service provider fee factor from data obtained over a prior period of time, and   adjusting automatically the recalculated sales price of the real estate property based on the average full service cost factor and the average service provider fee factor.   
     
     
         9 . A method of providing an altered sales price of a real estate property by enabling a user to select parceled broker services, the method comprising the steps of:
 providing a server computer;   providing a database stored on the server computer, the database comprising for each real estate property in a plurality of real estate properties for sale, a plurality of itemized broker services from a plurality of brokers who have agreed to perform one or more of said plurality of itemized broker services;   linking each itemized broker service in the plurality of itemized broker services to a specific fixed-price;   accessing a sales price for each real estate property in the plurality of real estate properties for sale;   providing to the user, access to the database;   enabling the user to select one or more of the itemized broker services for each of at least two real estate properties in the plurality of real estate properties, to produce user-selected broker services;   creating an altered sales price of each real estate property for which itemized broker services were selected, factoring the user-selected broker services into the sales price; and   displaying to the user the altered sales price of each of said real estate properties for which user-selected broker services are selected.