WO2005062214A1 - A system and method for facilitating a transaction - Google Patents
A system and method for facilitating a transaction Download PDFInfo
- Publication number
- WO2005062214A1 WO2005062214A1 PCT/AU2004/001831 AU2004001831W WO2005062214A1 WO 2005062214 A1 WO2005062214 A1 WO 2005062214A1 AU 2004001831 W AU2004001831 W AU 2004001831W WO 2005062214 A1 WO2005062214 A1 WO 2005062214A1
- Authority
- WO
- WIPO (PCT)
- Prior art keywords
- sale
- computing device
- operable
- information pertaining
- computer
- Prior art date
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Classifications
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q30/00—Commerce
Definitions
- the present invention relates generally to a system and method for facilitating a transaction, and has particular - but by no means exclusive - application to facilitating a sale of real estate.
- a system for facilitating a transaction comprising: obtaining means operable to obtain information pertaining to an object that is for sale; forwarding means operable to forward the information pertaining to the object to a first computing device that is arranged to present the information to a prospective purchaser; and establishing means operable to establish a communicating means associated with the first computing device and a second computing device that is used by a person managing a sale of the object, the communicating means being such that it allows the prospective purchaser and the person managing the sale to use the first computing device and the second computing device, respectively, to communicate with each other in relation to the sale of the object, thereby facilitating the transaction.
- the present invention provides the advantages of allowing the person managing the sale of the object (for example, an auctioneer) to accept bids for the object from parties who are unable to attend a venue at which the auction is being held. Furthermore, the present invention allows the person managing the sale to interact with the parties unable to attend the venue, thereby allowing the person managing the sale to control the progress of the auction.
- the communicating means is operable to assist the person managing the sale to conduct the sale in accordance with an auction process or a tender process.
- the communicating means provides assistance by automatically presenting the prospective purchaser with information that indicates when the tender process is due to close.
- the tender process comprises a closed tender process or an open tender process.
- a closed tender process is one in which persons are unable to view submitted tenders until the deadline for submitting offers has passed.
- an open tender is such that tender submission are open for viewing before the deadline for submitting offers has passed.
- the communicating means is operable to restrict an ability of the prospective purchaser to communicate with the person managing the sale based on whether the prospective person is registered to participate in the sale of the object.
- the communicating means is operable to create a record of communication between the prospective purchaser and the person managing the sale.
- the record provides the advantage of allowing the communication between the prospective purchaser and the person managing the sale to be analysed.
- the communicating means is operable to allow a party to use a third computing device to access and edit the information pertaining to the sale.
- being able to edit the information pertaining to the sale provides the advantage of allowing the information to be updated if needed. For example, if the information contained details regarding a final date for receiving offers to purchase the object, the final date can be changed if required.
- the obtaining means is operable to obtain the information pertaining to the object from a computer system via a first communication network.
- the obtaining means is operable to determine whether it is authorised to receive from the computer system the information pertaining to the object.
- the forwarding means is operable to ⁇ use a second communication network in order to forward the information pertaining to the object to the first computing device.
- the obtaining means is operable to obtain additional information associated with an agency engaged by an owner of the object to oversee the sale of the object, whilst the forwarding means is operable to forward the additional information to the first computing device which is arranged to present the additional information to the prospective purchaser.
- the information pertaining to the sale comprises: an image of the object; details of the sale; and/or a contract for the sale of the object.
- the object comprises real estate.
- a method for facilitating a transaction comprising the steps of: obtaining information pertaining to an object that is for sale; forwarding the information pertaining to the object to a first computing device that is arranged to present the information to a prospective purchaser; and establishing a communicating means associated with the first computing device and a second computing device that is used by a person managing a sale of the object, the communicating means being such that it allows the prospective purchaser and the person managing the sale to use the first computing device and the second computing device, respectively, to communicate with each other in relation to the sale of the object, thereby facilitating the transaction.
- the communicating means is operable to assist the person managing the sale to conduct the sale in accordance with an auction process or a tender process.
- the tender process comprises a closed tender process or an open tender process.
- the communicating means is operable to restrict an ability of the prospective purchaser to communicate with the person managing the sale based on whether the prospective person is registered to participate in the sale of the object.
- the communicating means is operable to create a record of communication between the prospective purchaser and the person managing the sale.
- the communicating means is operable to allow a party to use a third computing device to access and edit the information pertaining to the object.
- the step of obtaining the information pertaining to the object comprises obtaining the information from a computer system via a first communication network.
- the step of obtaining the information pertaining to the object comprises determining whether the information pertaining to the object is authorised to be obtained.
- the step of forwarding the information comprises using a second communication network in order to forward the information pertaining to the sale to the first computing device.
- the method further comprises the step of obtaining additional information associated with an agency engaged by an owner of the object to oversee the sale of the object, whilst the step of forwarding the information comprises forwarding the additional information to the first computing device which is arranged to present the additional information to the prospective purchaser.
- the information pertaining to the sale comprises: an image of the object; details of the sale; and/or a contract for the sale of the object.
- the object comprises real estate.
- a computer program that comprises at least one instruction for causing a computing device to carry out the method according to the second aspect of the present invention.
- a computer readable medium comprising the computer program according to the third aspect of the present invention.
- figure 1 provides a schematic diagram of a computer system in accordance with the embodiment of the present invention
- figure 2 provides a representation of software used in the system shown in figure 1
- figure 3 shows a presentation template used in the system of figure 1
- figure 4 shows a flow chart of an auction process conducted using the system shown in figure 1
- figure 5 shows a flow chart of steps performed by persons using the system of figure 1.
- FIG. 1 illustrates a computer system 11 in accordance with an embodiment of the present invention.
- the computer system 11 has particular application to facilitate the sale of real-estate ⁇ on-line', but as persons skilled in the art will readily appreciate the computer system 11 has application to selling other objects such as, for example, motor vehicles and/or boats.
- the computer system 11 comprises a first computer server 13 and a second computer server 15.
- the computer servers 13 and 15 each include traditional computer hardware such as a motherboard, a network interface, RAM, a hard disk, and a power supply.
- the hard disk of each computer server 13 and 15 is loaded with the Microsoft Windows Server operating system.
- the first computer server 13 is basically arranged to operate as a web site for a particular real- estate agent. To enable the computer server 13 to operate as a web server the Internet Information Services (IIS) feature of the Microsoft Windows Server operating system is utilised.
- IIS Internet Information Services
- the second computer server 15 is also arranged to operate as a web server and also utilises the Internet Information Services feature of the Microsoft Windows Server operating system. However, unlike the first computer server 13 which acts as the web site for the real-estate agent, the second computer server 15 does not act as a web site for any real-estate agent. As described in more detail in the subsequent paragraphs of this description, the second computer server 15 effectively operates as a back- end' web server that facilitates the on-line sale of real- estate. In this regard, the second computer server 15 is loaded with a software application that is executed to support the on-line sale of real-estate.
- the software application can be considered to be made up of a number of software modules, which are depicted in figure 2.
- the computer system 11 comprises a participant computer 17, a subscriber computer 19, a mediator computer 21 and an administrator computer 23.
- Each of the computers 17, 19, 21 and 23 comprise traditional computer hardware such as a motherboard, a network interface, RAM, a hard disk, and a power supply.
- Each of the hard disks for the computers 17, 19, 21 and 23 is loaded with the Microsoft Internet Explorer web browser.
- the computer system 11 also comprises a communication network 25, which in the present embodiment of the invention is in the form of the Internet.
- the communication network 25 is in the form of the Internet the communication network 25 comprises a plurality of interconnected data switches (also known as routers) that support the Internet Protocol (IP) data communication standard.
- IP Internet Protocol
- the first and second computer servers 13 and 15 and the computers 17, 19, 21 and 23 are connected to the communication network 25 and make use of the network 25 to exchange data between each other.
- the first and second computer servers 13 and 15 and the computers 17, 19, 21 and 23 are connected to the communication network 25 via their network interface cards and data communication links 27, which are electrically coupled to the network interface cards and network access points (not shown in the figures) of the communication network 25.
- the data communication links 27 can be any one of a range of different forms including, for example, a dial-up modem link, xDSL link or ISDN link.
- the computer system 11 is actually targeted to real-estate agents rather than vendors of real-estate.
- the computer system 11 is aimed at enabling real-estate agents to conduct on-line sales without actually having to put in place their own computer system, which can be an expensive exercise particularly for smaller real-estate agencies.
- a real-estate agent In order to make use of the computer system 11 to sell real-estate on-line, a real-estate agent first needs to become a registered user (subscriber) of the second computer server 15. To become a registered user the real- estate agent contacts an administrator of the second computer server 15 and asks to become a registered user. In this regard, it is envisaged that the real estate agent can contact the administrator using various means including e- mail or making personal contact with the administrator. In response to the real-estate agent's request to become a registered user, the administrator effectively establishes an account on the second computer server 15 for the real- estate agent. The second computer server 15 is such that the administrator can remotely establish the account for the real-estate agent using the administrator computer 23.
- the administrator uses the Internet Explorer web browser loaded onto the administrator computer 23 to log onto the second computer server 15.
- the second computer server 15 is such that when the administrator initially logs onto the server 15 it causes the administrator computer 23 to display on its monitor a dialog box prompting the administrator to type in their username and password. Once the username and password have been typed into the dialog box the administrator computer 23 submits the username and password to the second computer server 15 for verification.
- the authentication module 29 of the software application loaded onto the second computer server 15 processes the username and password to verify their validity.
- the second computer server 15 effectively provides the administrator with access (via the administrator computer 23) to the appropriate functionality to set up the real-estate agent's account.
- the user management module 31 of the software application loaded on the second computer server 15 is basically responsible for enabling the administrator to create an account for the real-estate agent. More specifically, the user management module 31 causes the second computer server 15 to dispense a web page to the administrator computer 23 that enables the administrator to enter in the various details of the real-estate agent. These details include, for example, the full name, address and telephone numbers of the real-estate agent.
- the user management module 31 is such that it enables the administration to nominate the username and password for the real-estate agent.
- the software application loaded on the second computer server 15 includes a property listing module 33 that essentially allows the real-estate agent to advertise their real-estate on-line.
- the real-estate agent first needs to log onto the second computer server 15. The real- estate agent does this by using the Internet Explorer web browser loaded on the subscriber computer 19.
- the authentication module previously discussed
- the real- estate agent types in the username and password that was previously supplied by the administrator.
- the property listings module 33 causes a web page to be displayed on the subscriber computer 19.
- This web page basically allows the real-estate agent to upload a data file containing information about the real-estate that is being offered for sale (that is, the real-estate agent's property listings) .
- the data file can, for example, contain an image, an address and price of the real-estate that is being offered for sale.
- the data file can also contain details about the method that is going to be used to facilitate the sale of the real-estate, for example, auction closed tender, or open tender.
- the subscriber computer 19 and the second computer server 15 cooperate with each other using a file transfer protocol (FTP) , hypertext transfer protocol (HTTP) , or secure hypertext transfer protocol (HTTPS) .
- the second computer server 15 is arranged to accept the data file (that is, the real-estate agent's property listing) in a format that accords with a comma separated values (CSV) file format.
- CSV comma separated values
- the second computer server 15 Once the second computer server 15 has received the data file, it places the data file in a database (not shown in the figures) and then issues a uniform resource locater (URL) via the communication network 25 to the subscriber computer 19.
- the URL is the Internet location of the data file submitted by the real- estate agent.
- the URL is designed to be incorporated into the real-estate agent's web site, which as previously discussed, runs on the first computer server 13. Thus, a prospective purchaser can readily view the real-estate which the agent has for sale by directing the Internet
- the Internet Explorer web browser on the participant computer 17 is such that it will present the data file to the prospective purchaser on a computer monitor for viewing.
- the data file is presented by the Internet Explorer web browser on the participant computer 17 to the prospective purchaser in a frame of the real- estate agent's web site, which operates via the first computer server 13. This conveys to the prospective purchaser that the data file is that of the real-estate agent's, and is not another real-estate agent's listing.
- An example template of this presentation is shown in figure 3. It is noted that the data file (the real-estate agents property listing) is in a hypertext mark-up language (HTML) format so that it can be readily displayed in the Internet Explorer web browser located on the participant computer 17.
- HTML hypertext mark-up language
- the second computer server 15 is also arranged to enable the real-estate agent to remotely log onto the server 15 using the Internet Explorer web browser loaded on the subscriber computer 19 to edit the data file (the electronic property listing) that was uploaded to the second server 15 from the participant computer 17.
- editing the data file can comprise changing details of a price range of the real-estate.
- the ability to edit the data file is provided by the property listings module 33.
- the authentication module 29 of the software application of the second computer server 15 prompts the real estate agent to provide their username and password before granting permission to edit the data file.
- the second computer server 15 is arranged to forward, via the communication network 25, legal paperwork (such as a contract of sale) to the Internet Explorer web browser loaded on the participant computer 17.
- legal paperwork such as a contract of sale
- the legal paperwork is uploaded to the second computer server 15 in the same manner as the electronic listing; that is, from the subscriber computer 19 via the communication network 25.
- the computer system 11 can be used by the real-estate agent to sell real-estate on-line.
- the second computer server 15 is arranged to establish a communicating means, which is essentially in the form an electronic message board that enables persons to post and exchange text based messages.
- the communicating means is such that it can be used to conduct the sale of the object in one of a number of different methods; for example, an auction, an open tender, or a closed tender.
- the various steps involved in the auction process are shown in the flow chart of figure 4.
- the communicating means effectively enables the prospective purchaser and a person managing the sale of the real estate (which in the case of an auction is an auctioneer) to communicate with each other regarding the sale.
- the communicating means also enables other prospective purchasers to communicate with the person managing the sale of the real-estate.
- the communication between the prospective purchaser and the person managing the sale of the real-estate essentially consists of bids/offers (to purchase the real-estate) made by the prospective purchaser and response thereto by the person managing the sale of the real-estate.
- the communication means established by the second server computer 15 supports the transfer of bids and responses thereto between the participant computer 17 and the mediator computer 21. More specifically, to enable the prospective purchaser and the person managing the sale of the real- estate to communicate with each other, the second computer server 15 sends a Java application (via the communication network 25) to the participant computer 17 and the mediator computer 21.
- the participant computer 17 is used by the prospective purchaser, whilst the mediator computer 21 is used by the person managing the sale of the real-estate.
- the Java application essentially effects the previously mentioned electronic message board when executed by the computers 17 and 21. As persons skilled in the art will appreciate, the Java application can be executed on a range of computer platforms and can therefore be used on different hardware platform without being re-compiled.
- the communicating means is such that the prospective purchaser can only use the communicating means to interact (for example, place a bid) with the person managing the sale of the real estate if they are registered to participate in the sale of the real estate.
- the initial steps of registering to participate in the sale of the real-estate involves the prospective purchaser obtaining a username and password in much the same way as the real estate agent obtained their username and password from the administrator of the second computer system 15.
- the user management module 31 enables the prospective purchaser to be registered as a participant user of the second computer server 15.
- the authentication module 29 of the second computer server 15 is arranged to cause the participant computer 17 to prompt the prospective purchaser for their username and password before allowing the prospective purchaser to communicate (for example, make a bid) with the person managing the sale of the real-estate.
- the prompt that the participant computer 17 issues the prospective purchaser is in the form of a dialog box. It is noted that the prompt is only issued at the beginning of each session and is not issued each. time the prospective purchaser wishes to place a bid.
- the person managing the sale of the real-estate must also log onto the second computer server 15 in the same manner as the prospective purchaser.
- the second computer server 15 causes a dialog box to be displayed on the computer monitor of the mediator computer 21, into which the person managing the sale of the real- estate would enter their username and password.
- the username and password of the person managing the sale of the real-estate is previously allocated by the real-estate or the administrator.
- the mediator computer 21 forwards them onto the second computer server 15 for verification.
- the second computer server 15 grants the person managing the sale with access to participate in the sale of the real-estate.
- the second computer server 15 provides various functions for managing the sale of the real-estate. These functions are provided by the auctions module 35 and the tenders module 37 of the software application running on the second computer server 15. For example, where the real estate is being sold by auction the auction module 35 may check the validity of a bid before presenting it to the person managing the sale. If, for instance, the bid is lower than the highest bid to date the auction module 35 can automatically reject the bid without presenting it the person managing the sale, and notify the prospective purchaser that their bid is invalid. Another function that the auction module 35 provides is, for example, allowing the person managing the sale of the real-estate to halt the auction process. In this regard the auction module 35 interacts with the participant computer 17 to prevent the prospective purchaser from using the participant computer 17 to submit further bids.
- the software application loaded on the second computer server 15 also comprises a business reports module 39 for creating different reports about activity within the second computer server 15.
- the various reports generated by the business reports module 39 include, for example, a record of the interaction (e.g. bids and responses thereto) between the prospective purchaser and the person managing the sale of the real-estate. Consequently, the business reports module 39 is arranged to track activity involving the second computer server 15.
- the software application on the second computer server 15 also comprises a notifications module 41 and a site admin module 43.
- the notifications module 41 this module is arranged to allow various system notifications to be managed.
- the real-estate agent managing the sale of the real-estate can make use of notification module 41 to issue the prospective purchase that an auction or tender is about to start.
- the notifications that the notifications module 41 issues can be sent via a variety of means such as, for example, e-mail or web message.
- the site admin module 43 enables the administrator to perform general admin function on the second computer server 15 including, for example, editing and deleting- of data files.
- the second computer server 15 could be capable of receiving, via the communication network 25, certified electronic copies of the prospective purchasers driver's licence, passport and like documentation for further processing to confirm the prospective purchaser's identity.
- Figure 5 provides a flow chart of various steps performed by persons using the computer system 11 when selling real-estate.
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Abstract
Description
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Priority Applications (3)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
NZ548699A NZ548699A (en) | 2003-12-23 | 2004-12-23 | A system and method for facilitating a transaction |
CA002551557A CA2551557A1 (en) | 2003-12-23 | 2004-12-23 | A system and method for facilitating a transaction |
AU2004303900A AU2004303900B2 (en) | 2003-12-23 | 2004-12-23 | A system and method for facilitating a transaction |
Applications Claiming Priority (2)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
AU2003907192 | 2003-12-23 | ||
AU2003907192A AU2003907192A0 (en) | 2003-12-23 | A system and method for facilitating a transaction |
Publications (1)
Publication Number | Publication Date |
---|---|
WO2005062214A1 true WO2005062214A1 (en) | 2005-07-07 |
Family
ID=34705573
Family Applications (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
PCT/AU2004/001831 WO2005062214A1 (en) | 2003-12-23 | 2004-12-23 | A system and method for facilitating a transaction |
Country Status (4)
Country | Link |
---|---|
AU (4) | AU2004303900B2 (en) |
CA (1) | CA2551557A1 (en) |
NZ (1) | NZ548699A (en) |
WO (1) | WO2005062214A1 (en) |
Cited By (1)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US20140129585A1 (en) * | 2011-06-30 | 2014-05-08 | Aconex Limited | Information management systems and methods |
Citations (7)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
WO2000034899A1 (en) * | 1998-12-08 | 2000-06-15 | Ebay, Inc. | Integrated auction for remote online bidders and live participants at an auction site |
CA2282173A1 (en) * | 1999-09-14 | 2001-03-14 | Ncr Corporation | System and method for conducting an electronic auction over an open communications network |
US20020062276A1 (en) * | 2000-08-03 | 2002-05-23 | Craig Krueger | Wireless distributed certified real time bidding and tracking system for live events |
US20020123959A1 (en) * | 2001-01-29 | 2002-09-05 | Mark Mozley | System and method for providing an auction of real estate |
WO2002103477A2 (en) * | 2001-06-19 | 2002-12-27 | Cariocas, Inc. | Enhanced auction mechanism for online transactions |
WO2003038723A1 (en) * | 2001-10-31 | 2003-05-08 | Ebay, Inc. | Method and apparatus to facilitate a transaction within a network-based auction facility |
US20030195839A1 (en) * | 1998-05-29 | 2003-10-16 | Dinwoodie David L. | Interactive remote auction bidding system |
-
2004
- 2004-12-23 CA CA002551557A patent/CA2551557A1/en not_active Abandoned
- 2004-12-23 AU AU2004303900A patent/AU2004303900B2/en not_active Ceased
- 2004-12-23 WO PCT/AU2004/001831 patent/WO2005062214A1/en active Application Filing
- 2004-12-23 NZ NZ548699A patent/NZ548699A/en not_active IP Right Cessation
-
2009
- 2009-01-07 AU AU2009200067A patent/AU2009200067A1/en not_active Abandoned
-
2011
- 2011-11-09 AU AU2011247885A patent/AU2011247885A1/en not_active Abandoned
-
2015
- 2015-02-02 AU AU2015200495A patent/AU2015200495A1/en not_active Abandoned
Patent Citations (7)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US20030195839A1 (en) * | 1998-05-29 | 2003-10-16 | Dinwoodie David L. | Interactive remote auction bidding system |
WO2000034899A1 (en) * | 1998-12-08 | 2000-06-15 | Ebay, Inc. | Integrated auction for remote online bidders and live participants at an auction site |
CA2282173A1 (en) * | 1999-09-14 | 2001-03-14 | Ncr Corporation | System and method for conducting an electronic auction over an open communications network |
US20020062276A1 (en) * | 2000-08-03 | 2002-05-23 | Craig Krueger | Wireless distributed certified real time bidding and tracking system for live events |
US20020123959A1 (en) * | 2001-01-29 | 2002-09-05 | Mark Mozley | System and method for providing an auction of real estate |
WO2002103477A2 (en) * | 2001-06-19 | 2002-12-27 | Cariocas, Inc. | Enhanced auction mechanism for online transactions |
WO2003038723A1 (en) * | 2001-10-31 | 2003-05-08 | Ebay, Inc. | Method and apparatus to facilitate a transaction within a network-based auction facility |
Cited By (1)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US20140129585A1 (en) * | 2011-06-30 | 2014-05-08 | Aconex Limited | Information management systems and methods |
Also Published As
Publication number | Publication date |
---|---|
AU2004303900A1 (en) | 2005-07-07 |
AU2009200067A8 (en) | 2010-04-29 |
AU2009200067A1 (en) | 2009-02-05 |
AU2011247885A1 (en) | 2011-12-01 |
NZ548699A (en) | 2008-07-31 |
AU2004303900B2 (en) | 2008-12-11 |
CA2551557A1 (en) | 2005-07-07 |
AU2015200495A1 (en) | 2015-02-19 |
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