The U.S. Patent and Trademark Office has granted a patent to an Austin, Texas-based startup that connects prospective buyers of new homes to real estate agents. BuildersUpdate.com is an online search engine that aims to be "a national MLS (multiple listing service) for new homes." It allows registered homebuyers to search for new homes either on BuildersUpdate.com, or through the websites of participating agents. Homebuyers must either be already represented by a licensed real estate agent or have an agent assigned to them in order to get full use of the site, the company said. The company's prospect registration system, launched in January, includes date and time stamps to eliminate commission disputes between builders and agents. Homebuyers cannot see builders' contact informat...
MLS & Associations
Jul 24, 2013 by Andrea V. Brambila
Jul 24, 2013 by Teke Wiggin