Patent ID: 7158956
Filing Date: 2007-01-02
Classification: G06Q

Abstract:
1. A bartering system for implementing barters between a plurality of parties each having one or more classes of items available for barter comprising: means for creating a barter order including: means for posting barter orders via an Internet connection to a barter database; means for displaying via an Internet connection posted barter orders whose first class of items match said second class of items of a barterer's order; means for selecting a posted barter order from said displaying means to effectuate a barter transaction which combines a barterer's barter order with the selected posted order; means for determining a payment amount to be paid pursuant to the barter transaction, the payment amount based upon a difference in value between the real properties in the barter transaction; and means responsive to the execution of the barter transaction for automatically initiating a transfer of a deed to real property.