Patents by Inventor Daniel S. Berns

Daniel S. Berns has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Patent number: 6615187
    Abstract: The present invention relates to a method of creating, purchasing and selling the real estate brokerage commissions typically collected upon the sale of real property. A property owner sells, for a certain consideration, the assignable option to be the owner's broker when the owner decides to resell the property. The compensation paid may be in the form of cash or an equivalent incentive. The option has an expected return associated with it that will vary depending upon a number of factors including, but not limited to, the value of the property and the predicted amount of brokerage commission to be earned upon resale of the property. The option can be sold through securitization or some other method. The option can also become a traded commodity and form the basis for a real estate options and futures market.
    Type: Grant
    Filed: February 9, 2000
    Date of Patent: September 2, 2003
    Inventors: Warren S. Ashenmil, Daniel S. Berns, John W. Drury