Patent Publication Number: US-2018053265-A1

Title: Method and System for Engaging and Coordinating Real Estate Transactions from Contact to Contract

Description:
CROSS REFERENCES TO RELATED APPLICATIONS 
     This application claims the benefit of Applicants&#39; prior provisional application, No. 62/317,605, filed on Apr. 3, 2016. 
    
    
     FEDERALLY SPONSORED RESEARCH AND DEVELOPMENT 
     Not Applicable 
     JOINT RESEARCH AGREEMENT 
     Not Applicable 
     FIELD OF INVENTION 
     The technology relates generally to a method and system which manages the home buying/selling and renting/leasing processes to negotiate, prepare and effect legal contracts and disclosures. It includes a system and method for data collection, preparation, delivery and storage of relevant documentation, and the data contained therein. 
     BACKGROUND 
     The real estate industry has been stable with relative growth for decades. Innovation has led to better methods of marketing, engaging, negotiating, and drafting the many contracts and disclosures needed to executed and ratify real estate contracts. The focal point of the innovation has been heavily placed on brokerages and simplifying their processes in an effort to tap into the larger market segmentation. As a result of the innovation over the last 30 years, brokerages and professionals are able to utilize the regional MLS (Multiple Listing Services) data integrated with various document drafting tools such as ZipLogix which allows real estate professionals to populate pre-defined forms, mark-up key contract elements, and add e-signature blocks using integrated TouchSign technology (In the case of ZipLogix, which allows the user to create signers to the contracts (by the real estate professional) and create signature fields. The users will then receive an email and create their signing accounts, and sign the documents. All this technology is aimed at professionals and would not be effectively utilized by non-professionals as the contracts still must be filled, setup, and managed by the selling agent. 
     While the home buying/selling and renting/leasing processes are primarily controlled by real estate professionals, those who are paying the commissions (Home Owners) may no longer want or need the third party intervention. However, the home buying/selling and renting/leasing processes require a great deal of negotiation, data collection, preparation, variables, signatures and executed agreements and disclosures. Most homeowners simply do not have the necessary knowledge and information to effectively complete this process on their own. 
     This Method and System IS NOT developed for professionals. Instead, it solves the needs of the average homeowner. The tax industry has seen similar development over the last 20 years, which has empowered the average individual from relying on tax professionals to doing their own taxes through the support of automated systems and methods which guide and support users in completing their necessary tax forms. 
     This Method and System is synonymous (in a way) to that of the tax industry. The Method and System for Engaging and Coordinating Real Estate Transactions from Contact to Contract serves both For Sale and For Rent transactions by offering simple to use Negotiation, Agreement, Data Collections, Stored Data Integration, Document Preparation, Variability Controls (Programmed IF Statements which add or remove documents based on document and date triggers), Co-Signer Setup, and Secure and Efficient E-Signature Processes. 
     By creating a method and system to remove the complexity and knowledge level required to effectively use the system, we are providing the average individual with options to control their own property transactions, without the necessary support of real estate agents and the high fees associated with their support. 
     SUMMARY 
     The Method and System for Engaging and Coordinating By Owner Real Estate Transactions from Contact to Contract serves both For Sale and For Rent transactions by offering simple to use Negotiation, Agreement, Data Collections, Stored Data Integration, Document Preparation, Variability Controls (Programmed IF Statements which add or remove documents based on document and date triggers), Co-Signer Setup, and Secure and Efficient E-Signature Processes. 
     It begins with a unique and secure user registration and login. Each user must create an account using a valid email address. They also create their E-Signature during sign-up. This is an important step to ensure proper authorization, security and control in each transaction. The registered user account is also used for education, networking, social integration, and tracking purposes. 
     Next, the logged in user may list their own property (Acting as Seller—For Sale OR Landlord—For Rent), or search to purchase/lease a property (Buyer—For Sale OR Tenant—For Rent). In the case of a new listing, the Seller/Landlord will enter key details about the property which is stored in our background database tables. This information is drawn on to properly reflect back this information in display, but it is also integral to the document preparation and variability conditions. For example, if the home is built prior to 1978, then a Lead-Based paint form is required, later in the task-flow, the system and method will auto-trigger the need for this form and populate the existing data for the users. There are tools available to the users to make the search, viewing, communication, and other necessities of the home buying/renting process simple, which are designed to make the process even simpler than the current methods of using multiple third parties to administer these needs. As these will not be considered for patent protection, we will not list these features. 
     In continuation, when a buyer/tenant locates a property meeting their interest, they have an option on the view listing page to “Make and Offer” on the property. This function allows the user to make a tentative offer on the property, which will be sent and received electronically from the initiating buyer/tenant to the seller/landlord. This tentative offer may include the price, contingencies, user details, qualifications, and comments. In response, the seller/landlord may choose to Reject the Offer, Counter the Offer, or Accept. If rejected, the offer is closed. If countered, the Buyer/Tenant now has the same options and may negotiate accordingly. If accepted, the users are presented with an option of using our Method and System further with the Contract Tools, or they may use pre-defined templates to complete their sell/rent transaction. 
     The Contract Tools continue the task-flows by collecting a few pivotal questions from the seller/landlord with the Seller Questionnaire. We collected data on the requirements and details for Earnest Money Deposits, Items to Convey, Real Estate Agent Affiliation, Post-Closing Occupancy, Availability, Requirements and if any Co-Signers will be added to the contracts and e-signatures. These details trigger documents, and optimize the work-flows of the management system. Some forms will be necessary and added to the work-flows, and others will be removed based on the data. 
     After this data is entered, the Seller/Landlord is presented with the draft forms for their review. Upon review, the users will submit the forms as reviewed. This submission triggers an email to the Buyer/Tenant, who will now proceed with answering a few pivotal questions of their own in the Buyer Questionnaire and add any Co-Signers on the Buyer/Tenant side. The buyer/Tenant will answer the questions presented, which will trigger documents and optimize the work-flows of the management system further. 
     When the questions have been addressed and any co-signers added, the buyer/tenant will review the automatically prepared documents, based on the optimized work-flows (document triggers and variable controls). Upon the user&#39;s review, the user will submit their review and a summary of key terms form is displayed for the user&#39;s final review, highlighting critical information in a summarized window. If they agree, they must mark their agreement. After submitting their agreement, they are led through the secure e-signature process on the site via the optimize work-flow manager. Any Buyer/Tenant co-signers repeat the process until all buyers have completed their signing process. 
     After all the Buyer(s)/Tenant(s) have completed their e-signature process, the Seller(s)/Landlord(s) are contacted by the management work-flows to complete their e-signature processes. They are displayed the same summary of key terms and must mark their agreement to continue to signing. Each Seller/Landlord will complete the signing through their unique login and once all the signatures have been applied by all the Seller(s)/Landlord(s), the documents are executed and ready to be purchased by the seller/landlord and downloaded to PDF. 
     The system stores the documents in the registered user&#39;s account under “My Documents”. Once purchased, the executed contracts and disclosures are able to be downloaded and printed at any time. 
    
    
     
       BRIEF DESCRIPTION OF THE DRAWINGS 
       Various embodiments of the invention are disclosed in the following detailed description and accompanying drawings. 
         FIG. 1  illustrates the choices for user login/registration. 
         FIG. 2  illustrates the menu options under user Sign-Up 
         FIG. 3  illustrates the first steps in user registration. 
         FIG. 4  illustrates the continuation steps in user registration. 
         FIG. 5  illustrates the final steps in user registration. 
         FIG. 6  illustrates the first steps in user login. 
         FIG. 7  illustrates the continuation steps in user login. 
         FIG. 8  illustrates the final steps in user login. 
         FIG. 9  illustrates work-flows for the property search. 
         FIG. 10  illustrates work-flows for the property search. 
         FIG. 11  illustrates work-flows for the property search. 
         FIG. 12  illustrates work-flows for the property search. 
         FIG. 13  illustrates work-flows for the property search. 
         FIG. 14  illustrates the work-flows on displaying properties to users. 
         FIG. 15  illustrates the optional feature of scheduling a viewing appointment. 
         FIG. 16  illustrates the optional feature of contacting the owner electronically. 
         FIG. 17  illustrates the optional google maps directions integration. 
         FIG. 18  illustrates the optional feature of saving the property as a favorite. 
         FIG. 19  illustrates the Make an Offer (For Sale Properties) first Step. 
         FIG. 20  illustrates the first work-flow question in the offer table—Closing Assistance (For Sale Properties). 
         FIG. 21  illustrates the next work-flow question in the offer table—Contingencies (For Sale Properties). 
         FIG. 22  illustrates the options regarding financing qualifications (For Sale Properties). 
         FIG. 23  illustrates the required agreement regarding the offer is tentative and non-binding and submission of the offer. 
         FIG. 24  illustrates the receipt of the offer by the seller and the negotiation options. 
         FIG. 25  illustrates the receipt of the counter-offer and the continued negotiation options. 
         FIG. 26  illustrates the Make an Offer (For Rent Properties) work-flows. 
         FIG. 26 ( b )  illustrates the Make an Offer (For Rent Properties) Lease Term Options. 
         FIG. 27  illustrates the Make an Offer (For Rent Properties) Pet Application Options. 
         FIG. 28  illustrates the receipt of the offer by the landlord and the negotiation options. 
         FIG. 29  illustrates the option of the Seller/Landlord to use the Contract (Preparation) Tools. 
         FIG. 30  illustrates the first question presented in the seller questionnaire and the work-flows (For Sale Properties)—Earnest Money Deposit. 
         FIG. 31  illustrates the second question presented in the seller questionnaire and the work-flows (For Sale Properties)—Items to Convey. 
         FIG. 32  illustrates the third question presented in the seller questionnaire and the work-flows (For Sale Properties)—Real Estate Agent Affiliation. 
         FIG. 33  illustrates the fourth question presented in the seller questionnaire and the work-flows (For Sale Properties)—Post-Closing Occupancy. 
         FIG. 34  illustrates the work-flows and questions for adding a Co-Signer. 
         FIG. 35  illustrates the system archiving and registration process for Co-Signer auto account review and creation. 
         FIG. 36  illustrates the Post-Closing Occupancy work-flow and variable selectors. 
         FIG. 37  illustrates the variable system trigger work-flow for the Lead-Based Paint Agreement. 
         FIG. 38  illustrates the first question in Post-Closing Occupancy Questionnaire work-flow. 
         FIG. 39  illustrates the second question in Post-Closing Occupancy Questionnaire work-flow. 
         FIG. 40  illustrates the third question in Post-Closing Occupancy Questionnaire work-flow. 
         FIG. 41  illustrates the fourth question in Post-Closing Occupancy Questionnaire work-flow. 
         FIG. 42  illustrates the fifth question in Post-Closing Occupancy Questionnaire work-flow. 
         FIG. 43  illustrates the sixth question in Post-Closing Occupancy Questionnaire work-flow. 
         FIG. 44  illustrates the seventh question in Post-Closing Occupancy Questionnaire work-flow. 
         FIG. 45  illustrates the seller(s)/Landlord(s) work-flow steps in the Lead-Based Paint Disclosure form. 
         FIG. 46  illustrates the seller(s)/Landlord(s) work-flow steps in the Property Condition Disclosure form. 
         FIG. 47  illustrates the seller(s)/Landlord(s) work-flow steps in the draft Purchase and Sale Agreement form. 
         FIG. 48  illustrates the completion of the Seller/Landlord preparation work-flow and shift to Buyer/Tenant. 
         FIG. 49  illustrates a question in the Buyer Questionnaire (For Sale Properties)—VA/FHA Loan. 
         FIG. 50  illustrates a question in the Buyer Questionnaire (For Sale Properties)—Closing Date. 
         FIG. 51  illustrates a question in the Buyer Questionnaire (For Sale Properties)—Offer Expiry. 
         FIG. 52  illustrates the display of the summary of key terms and work-flow. 
         FIG. 53  illustrates the Buyer(s)/Tenant(s) work-flow steps in the Lead-Based Paint Disclosure form. 
         FIG. 54  illustrates the Buyer(s) review of the Post-Closing Occupancy Agreement Form. 
         FIG. 55  illustrates the first question in the Landlord Questionnaire regarding the security deposit requirement (For Rent Properties). 
         FIG. 56  illustrates the next question in the Landlord Questionnaire (For Rent Properties)—Pet Allowance and Pet Deposit. 
         FIG. 57  illustrates the next question in the Landlord Questionnaire (For Rent Properties)—Lease Effective Date. 
         FIG. 58  illustrates the next question in the Landlord Questionnaire (For Rent Properties)—Provided Furnishings. 
         FIG. 59  illustrates the next question in the Landlord Questionnaire (For Rent Properties)—Utilities Included. 
         FIG. 60  illustrates the Seller(s)/Landlord(s) preparation of the Property Condition Disclaimer form for submission/review. 
         FIG. 61  illustrates the Buyer(s)/Tenant(s) review of the Draft Lease Agreement form for Review. 
         FIG. 62  illustrates the options for Tenant(s) to add a Co-Signer. 
         FIG. 63  illustrates the login work-flows for users in preparation for signing. 
         FIG. 64  illustrates the display of the summary of key terms for review. 
         FIG. 65  illustrates the display of the summary of key terms for signing. 
         FIG. 66  illustrates the work-flows for the e-signature capturing of signatures for the advisory to buyers and sellers form. 
         FIG. 67  illustrates the work-flows for the e-signature capturing of signatures for the property condition disclaimer form. 
         FIG. 68  illustrates the work-flows for the e-signature capturing of signatures for the lead-based paint form. 
         FIG. 69  illustrates the work-flows for the e-signature capturing of signatures for the VA/FHA Addendum form. 
         FIG. 70  illustrates the work-flows for the e-signature capturing of signatures for the post-closing occupancy form. 
         FIG. 71  illustrates the work-flows for the e-signature capturing of signatures for the Purchase and Sale Agreement form. 
         FIG. 72  illustrates the work-flows for the download and conversion to PDF to retrieve executed documents (For Sale Properties). 
         FIG. 73  illustrates the login work-flows for users in preparation for signing. 
         FIG. 74  illustrates the work-flows for the e-signature capturing of signatures for the lead-based paint form. 
         FIG. 75  illustrates the work-flows for the e-signature capturing of signatures for the Property Condition Disclaimer form. 
         FIG. 76  illustrates the work-flows for the e-signature capturing of signatures for the Lease Agreement form. 
         FIG. 77  illustrates the work-flows for the download and conversion to PDF to retrieve executed documents (For Rent Properties). 
     
    
    
     DETAILED DESCRIPTION AND PREFERRED EMBODIMENT 
     The following is a detailed description of exemplary embodiments to illustrate the principles of the invention. The embodiments are provided to illustrate aspects of the invention, but the invention is not limited to any embodiment. The scope of the invention encompasses numerous alternatives, modifications and equivalent; it is limited only by the claims. Such other embodiments may be readily devised by those skilled in the art without departing from the spirit or scope of this invention and it is our intent they be deemed within the scope of our invention. 
     Numerous specific details are set forth in the following description in order to provide a thorough understanding of the invention. However, the invention may be practiced according to the claims without some or all of these specific details. For the purpose of clarity, technical material that is known in the technical fields related to the invention has not been described in detail so that the invention is not unnecessarily obscured. 
     INDEX 
       100 —Registration/Login/Signature Creation 
     
         
           110 —Signup 
           120 —Registration 
           130 —Login 
       
    
       200 —Property Search 
     
         
           210 —Properties for Sale
         2101 —Search Filters     2102 —Property Search     2103 —View Property     2104 —Schedule a Viewing     2105 —Contact Listing User     2106 —Get Directions     2107 —Add to Favorites   
     
           220 —Properties for Rent 
       
    
       300 —Make and Offer 
     
         
           310 —For Sale
         3101 —Contingencies     3102 —Loan Status     3103 —Agreement Check     3104 —Offer Receipt     3105 —Negotiation   
     
           320 —For Rent
         3201 —Lease Term     3202 —Date of Occupancy     3203 —Pets     3204 —Agreement Check     3205 —Offer Receipt     3206 —Negotiation   
     
       
    
       400 —Contract Solutions—For Sale (Seller) 
     
         
           410 —Seller Questionnaire
         4101 —Earnest Money     4102 —Items to Convey     4103 —Real Estate Agency     4104 —Post-Occupancy     4105 —Ownership Interest/Co-Signers   
     
           420 —Lease or Post-Closing Agreement
         4201 —“Year Built” System Check   
     
           430 —Post-Closing Occupancy Agreement
         4301 —Mortgage Payment     4302 —Delay Penalty     4303 —Security Deposit     4304 —Retention of Receipts     4305 —Utilities     4306 —Rental Insurance     4307 —Liability Insurance   
     
           440 —Post—Closing Review 
           450 —Lead-Based Paint Disclosure
         4501 —Seller&#39;s or Lessor&#39;s Disclosure   
     
           460 —Property Condition Disclosure 
           470 —Purchase and Sale Agreement (Draft) 
       
    
       500 —Contract Solutions—For Sale (Buyer) 
     
         
           510 —Buyer Questionnaire
         5101 —VA/FHA Loan     5102 —Closing Date     5103 —Offer Expiration   
     
           520 —Ownership Interest/Co-Owners 
           530 —Summary of Terms 
           540 —Advisory to Buyers and Sellers 
           550 —Property Condition Disclaimer 
           560 —Lead Based Paint Form
         5601 —Purchaser&#39;s/Lessee&#39;s Initial     5602 —EPA Pamphlet     5603 —Due Diligence Period   
     
           570 —VA/FHA Loan Addendum 
           580 —Post Closing Occupancy Review 
           590 —Purchase and Sale Agreement Review
         5901 —Completion of Preparation   
     
       
    
       600 —Contract Solutions—For Rent (Landlord) 
     
         
           610 —Questions for Landlord
         6101 —Security Deposit     6102 —Pets Welcome?     6103 —Effective Date of Lease     6104 —Furnishings     6105 —Utilities/Services Included     6106 —Co-Signer Requirement   
     
           620 —Ownership Interest/Co-Owners 
           630 —Lead Based Paint Form
         6301 —Landlord&#39;s Disclosure   
     
           640 —Property Condition Disclaimer 
           650 —Lease Agreement (Draft) 
       
    
       700 —Contract Solutions—For Rent (Tenant) 
     
         
           710 —Notice to Tenant 
           720 —Other Tenants/Roommates 
           730 —Summary of Terms 
           740 —Lead Based Paint Hazards
         7401 —Purchaser&#39;s/Lessee&#39;s Initial     7402 —EPA Pamphlet     7403 —Due Diligence Period   
     
           750 —Property Condition Disclosure 
           760 —Lease Agreement 
           770 —Completion of Preparation 
       
    
       800 —Sign Documents (Sale) 
     
         
           810 —Summary of Terms 
           820 —Advisory to Buyers and Sellers 
           830 —Property Condition Disclaimer 
           840 —Lead-Based Paint Hazards 
           850 —VA-FHA Loan Addendum 
           860 —Post Closing Occupancy Agreement 
           870 —Purchase and Sale Agreement 
           880 —Seller(s) Signatures 
       
    
       900 —Purchase Documents (Sale) 
       1000 —Sign Documents (Rent) 
     
         
           1010 —Summary of Terms 
           1020 —Lead Based Paint Hazards 
           1030 —Property Condition Disclosure 
           1040 —Lease Agreement 
           1050 —Landlord(s) Signatures 
       
    
       1100 —Purchase Documents (Rent) 
     DETAILED DESCRIPTION 
       100  Registration/Login/Signature Creation: 
     With the reference to the embodiment illustrated in  FIG. 1  as there are two ways to access all the features of the website, first is “Login” if already registered and second way is to register with Freezylist.com, then proceed logging in. 
       110  Signup: As shown in  FIG. 2  there are two types of user accounts: “Normal User” or “Business User”. 
     Normal user can buy/sale properties, however, business users are limited accounts. Only Normal Users can use these Contract Tools (as diagramed for patent protection). 
       120  Registration: As shown in  FIG. 3  for registration user has to enter the data into required fields and enter full names, which will be used in Official Contracts and to generate an electronic signature. 
     After, there are terms &amp; condition which must be agreed to continue. If the user agrees with the terms &amp; condition then an activation email is sent to the email address used to register. 
     The completeness and correctness of the information entered by user are checked by the system as shown in  FIG. 4 . The user account cannot be created with partial information. 
     As shown in  FIG. 5 , the user will receive an activation link via email. User can activate his account using this link. 
       130  Login: As shown in  FIG. 6  there are two types of users: ‘Normal User’ and ‘Business User’. 
     For login, the user should remember the correct username and password. In case a user cannot recall their password/username then he can retrieve password by clicking the “Forgot Password” link as shown in  FIG. 7 . User will enter their registered email/username and a password reset link will be sent to their email address on file. After receiving their new password, the user can login to the website. Logical access requires a correct username and password. 
     The system checks the completeness and correctness of the information entered by user for login, if it is correct then user will successfully log in as in  FIG. 8 . 
       200  Property Search: 
     Users can search properties without being registered; however, the contract tools are only available to registered users. These properties have been listed and the data populated by our Registered Members (Either by Sellers—For Sale OR Landlords—For Rent). Upon clicking the Property Search button the following options appear, as shown in  FIG. 9 . Upon clicking the Search Button the system will search property from the database as in  FIG. 12 . 
       210  Properties for Sale: Select “Sale” from property type button available for user. There are many filters provided to make property search simple. The user can search properties according to states, address, zip code, miles of zip, and by the surrounding areas of Military Bases, and others as illustrated in  FIG. 9 . 
       2101  Search Filters: There are more filters to search desired properties very easily as shown in  FIG. 10  and  FIG. 11 . Users can search properties according to the beds and baths, lot sizes, school districts, build year, and according to the minimum and maximum price of the properties, as shown in  FIG. 11 . 
       2102  Property Searching: After clicking the search button, our platform displays the properties in two ways. First is a simple list view and the second option is displayed with Map features as in  FIG. 12 . The map will display the location of the properties searched via clickable map icons. 
       2103  View Property: As the user clicks on the ‘View Property’ button, the details of the selected property are then displayed, as the system checks whether the property is listed by the logged in user, or otherwise ( FIG. 14 ). 
       2104  Schedule a Viewing: Users can schedule a viewing time with the listing owner. The database query will return the availability of the property owner and the user will select their desired date and time from the availability calendar (administrated by the listing user). As the user schedules the viewing, a confirmation message and email will be sent to the property owner regarding the scheduling ( FIG. 15 ). 
       2105  Contact Listing User: Users may contact the Listing owner directly by sending a personal message by clicking “Contact seller” as in  FIG. 16 . 
       2106  Get Directions: Maps is provided to find the location of the property very easily. The user may click “Get Directions” and a map will be displayed, with the location of the property. ( FIG. 17 ). 
       2107  Add to Favorites: User can add the property to his favorites by clicking “Add to Favorites”. The property will show in to the favorites of the user account ( FIG. 18 ). 
       220  Properties for Rent: Select “Rent” from property type button available for user. The search criteria for the Rent properties is very similar to that of sale listings (See topics  2101 - 2107 ). There are filter variations provided to customize the users search further as shown in  FIG. 9 . 
       300  Make an Offer: After searching and viewing the property, if user is interested in purchasing the property, the user can “Make an Offer” to the property owner from the listing details page ( FIG. 19 ). The offer is a tentative offer to begin having a conversation, but the offer details are captured in the database. Only one active offer per property may be submitted by the purchasing user. 
       310  For Sale: To make an offer on a property, the purchasing/leasing user must answer a few questions (See  FIG. 20 ). 1) What is the tentative offer price? Any cost closing assistance? If yes, what is the amount requested in either % of Price (Usually &lt;1%) or Fixed $ amount (Usually &lt;1% of Selling price) as shown in  FIG. 20 . Closing Cost Assistance may be requested by Buyers to offset the administrative fees at Closing (Upon Ownership Transfer). 
       3101  Does the user require contingencies? If yes, the purchasing user must provide the terms ( FIG. 21 ). Contingencies are special contract requirements which need to be met in order for transaction to be completed. 
       3102  In make an offer process buyer must confirm his loan status either it is Pre-approved (Income and credit is verified by a lending institution), Pre-Qualified (Submitted verbal information to a loan officer, but income and credit is not verified) or is not approved or a cash buyer. If the buyer want to deal with cash, the buyer may enter the source of cash. Further, the buyer should attach their loan pre-approval document received from their lending institution (if applicable) as shown in  FIG. 22 . 
       3103  The user must agree to our disclaimer clause to continue, noting that “the tentative offer is non-binding and unenforceable. This offer serves to engage a potential buyer and seller in preparation for entering into an agreement, and does not constitute an official offer. Buyer will have the option to enter into an official contract using our Contract Tools upon agreement of terms”. As in  FIG. 23 , if the buyer agrees with the disclaimer, the offer will be sent to the seller. If no agreement, the offer cannot be submitted. After submission, an email and site message will sent to the seller regarding the offer. 
       3104 : After the purchaser makes their offer, the seller will receive the offer and will need to take action to proceed. There are three possibilities as shown in  FIG. 24 . The seller may accept the offer submitted, counter-offer the price, or reject the offer. If rejected, the purchasing the user may resubmit a new offer. 
       3105 : If the seller counters the offer, the buyer will receive a counter offer message and email. The buyer will not have the same options as the seller had prior, as shown in  FIG. 25 . The purchasing user may accept the offer submitted, counter-offer the price, or reject the offer. If rejected, the purchasing the user may resubmit a new offer. The negotiation may go back and forth between users as many times as necessary, and the options remain the same. 
       320  For Rent: To make an offer on a property, the leasing user must provide some information. First is the Tentative Rent/Month Price Offer ($). The user will then enter their contact information. The user may enter contact information [Name(s), Email(s), Phone(s)] for any roommates or co-tenants for review. This information is archived in the database for use in the contract preparation. As shown in  FIG. 26( a ) . An educational link is provided for the users to learn more about the process. 
       3201  Lease Term: The leasing user must specify the lease requested. Lease terms available are month to month, more than 6 months, 6-12 months, more than 1 year. As shown in  FIG. 26( b ) . 
       3202  The desired date of occupancy at which tenant wants to occupy the property is required. As well as the number of months the tenant expects to lease the property [ FIG. 26( a ) ]. 
       3203  Pets: The tenant may specify whether they own pets, and what types as shown in  FIG. 27 . 
       3204  The user must agree to our disclaimer clause to continue, noting that “the tentative offer is non-binding and unenforceable . . . ” As in  FIG. 23  if the lessee agrees with the disclaimer, the offer will be sent to the landlord. If no agreement, the offer cannot be submitted. After submission, an email and site message will sent to the landlord regarding the offer. 
       3205 : After the lessee makes their offer, the landlord will receive the offer and will need to take action to proceed. There are three possibilities as shown in  FIG. 24 . The landlord may accept the offer submitted, counter-offer the price, or reject the offer. If rejected, the lessee user may resubmit a new offer. 
       3206 : If the landlord counters the offer, the lessee will receive a counter offer message and email. The lessee will not have the same options as the landlord had prior, as shown in  FIG. 25 . The lessee user may accept the offer submitted, counter-offer the price, or reject the offer. If rejected, the lessee user may resubmit a new offer. The negotiation may go back and forth between users as many times as necessary, and the options remain the same. 
       400  Contract Solutions—For Sale (Seller): Our platform provides the tools and guidance to help buyers and sellers seamlessly prepare contracts through signing. Buyers and sellers answer a few simple questions, and our platform completes the rest. As reference from  FIG. 29 , the selling user has the option to use our contract software by clicking on ‘Yes’ and if user clicks ‘No’ then it takes him to the document portal, where instructions, contracts and disclosures are available. 
       410  Seller Questionnaire: As the seller enters the contract tool the first step is the questionnaire for seller. 
       4101 : A) Do you require any earnest money (See  FIG. 30 )? If ‘Yes’, what amount does the seller require? (Generally $1,000 or &lt;1% of the sales price) and if Yes, Where will the funds be deposited? 
       4102 : B) Are there any household items included in the sale (ie: Refrigerator, Furniture, Range Oven, Dish-Washer, Microwave, TV Console, Living Room Sofa, Etc. etc)? As from  FIG. 31  If answered ‘yes’, the seller should specify the items which die included and it no, leave it blank. 
       4103  C) Does seller have a Real Estate Agent? If yes, then the seller should include the Real Estate Firm&#39;s Name and Percentage of Sales Price/Fixed Commission owed to the Realtor, as well as the contact information of the Realtor [name and phone number] as in  FIG. 32 . 
       4104 -D) As from  FIG. 33 , is the property of the seller currently occupied by a tenant (Leased)? Or the seller require additional time AFTER CLOSING to vacate the property? If yes, the seller must enter the expected date of possession via a drop-down calendar menu. 
       4105  Ownership interest and additional required signers: If the seller is married AND/OR if he own this property jointly (Are there any Co-Owners?) If answered is yes than seller must add his spouse or co-owner as a signer as illustrated in  FIG. 34 . If cosigner added is already exist or not as shown in  FIG. 35 . If no than user added to the database table having all the users. Also the activation link will be send to the co-signer added through the email. 
       420  Lease or Post-closing Occupancy Contingency: as illustrated in  FIG. 36  If the property is currently occupied by a tenant or seller needs time after closing to vacate property, our platform will include this as a stipulation [See Stipulation B] in the Purchase and Sale Agreement. If property is not subject to a lease, the contract tools will assist seller in preparing a (draft) post-closing occupancy agreement. 
       4201  Now the system will check the build year of the property (as provided by the listing user upon listing) if it was built on or after  1978 , the system will bypass the Lead Based Paint Hazard Disclosure, otherwise the system will trigger this form for topic  450  below (as displayed in  FIG. 37 ). 
       430  Post-Closing Occupancy Questionnaire: If the routing noted in  420  above requires the preparation of the post-closing occupancy agreement, the user must provide the following information. 
       4301  What is current Mortgage Payment per month on this property? (In this calculation will take seller current Mortgage Payment and divide by 30 days to reach a $ Rent per Day). ( FIG. 38 ) 
       4302  Do you agree to be charged an additional 25% per day for each day you hold the property above the specified time period? (In this calculation will apply an additional 0% or 25% to the daily rate, dependent upon your answer.) ( FIG. 39 ) 
       4303  Do you agree to place a refundable security deposit of 1.5× the monthly rent amount? The Buyer will require a refundable security deposit to cover damages to the property during your (The Seller) post occupancy period. Our calculation will multiply current mortgage payment by 100% or 150%, dependent upon your answer. ( FIG. 40 ) 
       4304  If you vacate the property prior to the date specified in the contract, may the Buyer retain the unearned rents? ( FIG. 41 ) 
       4305  Do you consent to pay the utilities during your period of post-occupancy (Water/Sewer/Electric/Gas)? ( FIG. 42 ) 
       4306  Will the Seller purchase a renter&#39;s policy to cover your personal property? ( FIG. 43 ) 
       4307  Will the Seller purchase a liability insurance policy to cover damage to the property during your period of post-occupancy? ( FIG. 44 ) 
       440  Post-Closing Occupancy Agreement review: Based on the answers provided, a draft is prepared of sellers Post-Closing Occupancy Agreement. This form serves as a short-term “Lease” effective after the sale of property. 
       450  Lead-Based Paint Disclosure: As illustrated from  FIG. 45 , if the routing in  4201  above requires a Lead-Based Disclosure form, this form is added to the users document packet and the following notifications and questions must be answered. 
       4501  Seller&#39;s or Lessor&#39;s Disclosure: 
     a) Presence of lead-based paint and/or lead-based paint hazards: 
     b) Records and reports available to the seller: Seller should note they either have provided the purchaser with all available records and reports pertaining to lead-based paint and/or lead-based paint hazards, or the seller has no reports or records pertaining to lead-based paint and/or lead-based paint hazards. ( FIG. 45 ) 
       460  Property Condition Disclosure: This form is built to allow the seller to fully disclose any defects or known issues on the property. The seller should complete this form and answer each question to the best of their knowledge. If an answer is an estimate, clearly label it as such. Explain any YES answers and describe the nature and extent of any defects or repairs. ( FIG. 46 ) 
       470  Purchase and Sales Agreement (Draft): 
     In this form, it is critical that seller will confirm &amp; Update, if needed the Seller Name(s) To update—Navigate to “My Account”-&gt;“Edit Profile”-&gt;“Full (Legal) Name” Earnest Money Escrow Agent (Third Party Attorney, Broker, Title Company, etc.), and their understanding of the terms of the contract ( FIG. 47 ). After completing this form the contract tool from the seller side is complete. Now the buyer will receive email and message to complete the contract tool as shown in  FIG. 48 . 
       500  Contract Solutions—For Sale (Buyer): After the seller completes their side of the contract tools, the buyer answers a few questions and reviews the documents. 
       510  Buyer Questionnaire: 
       5101  Will you be using a VA or FHA Loan? If ‘yes’, a VA/FHA Loan addendum is added to the document packet. If ‘No’, this form is not provided. ( FIG. 49 ) 
       5102  Do you have a specific date which you would like to close on the property? If “No”, the contract will state [current+30 days] as a tentative date and if “yes” buyer has to select the date at which he like to close the property. ( FIG. 50 ) 
       5103  Would you like to include an offer expiration date? If “No”, the offer expiration date will be set to expire in  3  days. If “yes” buyer has to select the date at which offer will expire. ( FIG. 51 ) 
       520  Ownership interest and additional required signers: if buyer is married AND/OR if he own this property jointly (Are there any Co-Owners?) If the answer is yes than seller must add his spouse or co-owner as a signer as illustrated in  FIG. 34 . If the cosigner added is already exist or not as shown in  FIG. 35 . If no than user added to the database table having all the users. Also the activation link will be send to the co-signer added through the email. 
       530  Summary of Terms: After adding the cosigner there is a summary of terms for the buyer having earnest money information, stipulations and all the terms of the seller. Buyer has to agree with terms if he want to continue the contract tool. ( FIG. 52 ) 
       540  Advisory to Buyers and Sellers: Buyer must review this document for information to consider in their transaction. 
       550  Property Condition Disclaimer: 
     The Property Condition Disclaimer form is a required disclosure. The buyer must review the form in detail for known defects/issues in the property provided by the Seller. Known Defects on the property should be clearly disclosed. (As prepared by the seller) 
       560 : Lead-Based Paint Hazards: 
     As illustrated in  FIG. 53 , if this form was triggered for the Seller in topic  4201 , the system will display this form to the buyer for completion. 
       5601  Purchaser&#39;s/Lessee&#39;s Acknowledgment (initial): Seller/Lessor hereby provides the Buyer/Lessee with the EPA&#39;s Lead Based Paint Pamphlet Here: “Lead Based Paint Disclosure Pamphlet”. 
       5602  Buyer have read the EPA&#39;s “Lead Based Paint Disclosure Pamphlet”, or Purchaser has received copies of all information from the seller/lessor listed above. 
       5603  Purchaser has received a 10-day opportunity (or mutually agreed upon period) to conduct a risk assessment or inspection for the presence of lead-based paint and/or lead-based paint hazards, or 
     Waived the opportunity to conduct a risk assessment or inspection for the presence of lead-based paint and/or lead-based paint hazards. 
       570  VA/FHA Loan Addendum: As noted in  5101  above, If the Buyer answers yes in the question set for buyer, the following form is required if the buyer will be using a VA/FHA insured mortgage loan. 
       580  Post-closing Occupancy Agreement: If the seller required the post-closing occupancy form, the buyer must review this agreement with the conditions noted by the seller (See  420  above). ( FIG. 54 ) 
       590  Purchase and Sale Agreement Review: In this form, it is critical that buyer confirm &amp; Update, if needed Buyer Name(s), Earnest Money Escrow Agent, any designated closing dates and/or offer expiration buyer requested. 
       5901  Completion of Preparation: Next both the buyer(s) and seller(s) will proceed to sign the documents. [Skip to  800 ] 
       600  Contract Solutions—For Rent (Landlord): Our platform provides the tools and guidance to help tenants and landlords seamlessly prepare contracts through signing. Tenants and Landlords answer a few simple questions, and our platform completes the rest. As reference from  FIG. 29 , the landlord user has the option to use our contract software by clicking on ‘Yes’ and if user clicks ‘No’ then it takes him to the document portal, where instructions, contracts and disclosures are available. 
       610  Questions to Landlord: 
       6101  What security deposit do you require? Some US States have set limits on the amounts of security deposit collected by landlords. For more information regarding this there is a link available. ( FIG. 55 ) 
       6102  Are Pets Welcome? If yes then what non-refundable pet deposit does the landlord require? ( FIG. 56 ) 
       6103  When will the lease be effective (Start Date)? The landlord must specify the effective date of lease. ( FIG. 57 ) 
       6104  What furnishings are included in the lease? ( FIG. 58 ) 
       6105  What Utilities/Services are covered in the lease agreement (If any)? ( FIG. 59 ) 
       6106  Will you require a Co-Signer on the Lease? 
       620  Ownership Interest and Additional Required Signers: Is the landlord is married AND/OR if he own this property jointly (Are there any Co-Owners)? If the answer is yes, the landlord is advised to add his spouse or co-owner as a signer as illustrated in  FIG. 34 . If cosigner added is already exist or not as shown in  FIG. 35 . If no than user added to the database table having all the users. Also the activation link will be send to the co-signer added through the email. 
       630  Lead-Based Paint Disclosure: As illustrated from  FIG. 45 , if the home is built before 1978 a Lead-Based Disclosure form is required. This form is systematically added to the user&#39;s document packet and the following notifications and questions must be answered: 
       6301  Landlord&#39;s Disclosure: 
     a) Presence of lead-based paint and/or lead-based paint hazards: 
     b) Records and reports available to the seller: Seller should note they either have provided the purchaser with all available records and reports pertaining to lead-based paint and/or lead-based paint hazards, or the seller has no reports or records pertaining to lead-based paint and/or lead-based paint hazards. ( FIG. 45 ) 
       640  Property Condition Disclosure: The Property Condition Disclaimer form is a required disclosure. The buyer must review the form in detail for known defects/issues in the property provided by the Seller. Known Defects on the property should be clearly disclosed. (As prepared by the landlord) ( FIG. 60 ) 
       650  Lease Agreement (Draft): Landlord must review the draft Lease Agreement. In this form, it is critical that landlord confirm &amp; Update, if needed the Landlord Name(s) and Contact Information, Rental $ Price, Security and Pet Deposits (If Applicable), ( FIG. 61 ) After submitting the review of the draft lease agreement, the landlord preparation step is performed. The tenant will next complete their review and add any additional signers to the lease &amp; documents. 
       700  Contract Solutions—For Rent (Tenant): Now the Tenant will complete the contract tool process. 
       710  Notice to Tenant: The tenant is notified of important items and about the process they are about to perform. Example: [“In the next few steps, Tenant will review the lease agreement and disclosures, which are based on the terms defined in the accepted offer. Before the tenant begin, it is important that he confirm &amp; Update Tenant Legal Name, Your Current Mailing Address, Other Contact Information. To update—Navigate to “My Account”-&gt;“Edit Profile”-&gt;“Full (Legal) Name”.] ( FIG. 62 ) 
       720  Other Tenants/Roommates: This relates to whether any other Tenants will be added to the lease agreement. If Yes, the tenant should add his associated tenant(s) as signer(s) to the contract. If the cosigner is already registered, they are selected by the user  FIG. 35 . If the cosigner is not already registered, the user is added to the database, and an activation link will be send to the co-signer via email. 
       730  Summary of Terms: After adding any co-signer(s), there is a Summary of Terms displayed, showing the property information, lease term, begin and end date, contingencies and other information. The tenant must attest to reading and agreeing with the terms before proceeding. ( FIG. 63 ) 
       740 : Lead-Based Paint Hazards: (If applicable from  630  above)—As illustrated in  FIG. 53 , if the home is built before  1978  a Lead-Based Disclosure form is required. This form is systematically added to the user&#39;s document packet and the following notifications and questions must be answered: 
       7401  Purchaser&#39;s/Lessee&#39;s Acknowledgment (initial): Seller/Lessor hereby provides the Buyer/Lessee with the EPA&#39;s Lead Based Paint Pamphlet Here: “Lead Based Paint Disclosure Pamphlet”. 
       7402  Lessee(s) have read the EPA&#39;s “Lead Based Paint Disclosure Pamphlet”, or Lessee(s) has received copies of all information from the seller/lessor listed above. 
       7403  Lessee(s) has received a  10 -day opportunity (or mutually agreed upon period) to conduct a risk assessment or inspection for the presence of lead-based paint and/or lead-based paint hazards, or 
     Waived the opportunity to conduct a risk assessment or inspection for the presence of lead-based paint and/or lead-based paint hazards. ( FIG. 45 ) 
       750  Property Condition Disclosure: The Property Condition Disclaimer form is a required disclosure. The buyer must review the form in detail for known defects/issues in the property provided by the Seller. Known Defects on the property should be clearly disclosed (As prepared by the landlord). ( FIG. 60 ) 
       760  Lease agreement: The tenants must review the Lease Agreement. In this form, it is critical that tenant confirm &amp; Update, if needed the Tenant Name(s) and Contact Information, Rental $ Price, Security and Pet Deposits (If Applicable). ( FIG. 61 ) 
       770  Completion of Preparation: At this point, the tenant has completed their preparation process. Next, the tenant(s) &amp; landlord(s) will sign the documents. [Skip to  1000 ] 
       800  Sign Documents (Sale): The order of signing are all buyers, then sellers after. If the buyer added any co-signer(s), the co-signer&#39;s signature is mandatory. The co-signer(s) must be registered in the site, and will sign with their own unique login. Important Note: The signature process is set to each individual. Each party must have their own account and will follow the same process individually. ( FIG. 64 ) 
       810  Summary of Terms: Before signing any documents, the buyer(s) will review a summary of the agreement. This is an added security step, and they must agree to the terms to proceed. ( FIG. 65 ) 
       820  Advisory to Buyers and Sellers: Next, the buyer(s) will sign the advisory to buyer and seller by clicking “Affix Signature”. The signature will affixed as it was stored in database previously at the time of registration. Illustrated in  FIG. 66 . 
       830  Property Condition Disclosure: After Advisory to buyer and seller there is the Property Condition Disclaimer to sign by the buyer(s). ( FIG. 67 ) 
       840  Lead-Based Paint Hazards: If the property was built before 1978 [as noted in  420  above] this form is required to be signed. ( FIG. 68 ) 
       850  VA-FHA Loan Addendum: If applicable (per  5101  above), this form is required for signing. ( FIG. 69 ) 
       860  Post Closing Occupancy Agreement: Neither party will sign this form, but it will be displayed and noted to both parties—if selected as necessary by the seller (per section  420  above). ( FIG. 70 ) 
       870  Purchase and Sales Agreement: Next, the buyer(s) sign the Purchase and Sales Agreement. ( FIG. 71 ) 
       880  Seller(s) Signatures: Seller(s) follow the same process as the buyer(s) and proceed to sign the documents (Repeat the steps from  800 - 870 ) 
       900  Purchase Documents (Sale): After signing the documents, the primary seller will purchase all the documents, through our secure payment gateway. Once the seller purchases the documents, the buyer and seller will be able to download/view all the executed agreements and forms in PDF. (As shown in  FIG. 72 ) 
       1000  Sign Documents (Rent): The order of signing are all tenant(s), then landlord(s) after. If the tenant added any co-signer(s), the co-signer&#39;s signature is mandatory. The co-signer(s) must be registered in the site, and will sign with their own unique login. Important Note: The signature process is set to each individual. Each party must have their own account and will follow the same process individually. ( FIG. 64 ) 
       1010  Summary of Terms: Before signing any documents, the tenant(s) will review a summary of the agreement. This is an added security step, and they must agree to the terms to proceed. ( FIG. 65 ) 
       1020  Lead-Based Paint Hazards: If the properly was built before  1978  [as noted in  630  above] this form is required to be signed. ( FIG. 74 ) 
       1030  Property Condition Disclosure: The Property Condition Disclosure is then signed by the tenant(s). ( FIG. 75 ) 
       1040  Lease Agreement: Lastly, the Lease agreement is then signed. ( FIG. 76 ) 
       1050  Landlord(s) Signatures: Landlord(s) follow the same process as the tenant(s) and proceed to sign the documents (Repeat the steps from  1000 - 1040 ) 
       1100  Purchase Documents (Rent): After signing the documents, the primary seller will purchase all the documents, through our secure payment gateway. Once the seller purchases the documents, the buyer and seller will be able to download/view all the executed agreements and forms in PDF. (As shown in  FIG. 77 ) 
     Definitions 
     None Deemed Necessary. 
     CONCLUSION 
     The disclosed embodiments are illustrative, not restrictive. While specific configurations of the method and system have been described, it is understood that the present invention can be applied to a wide variety of Real Estate Applications. There are many alternative ways of implementing the invention.