Electronic real estate bartering system

DETAILED DESCRIPTION OF THE PREFERRED EMBODIMENTS The preferred embodiment of the present invention will be described with reference to the drawings where like numerals represent like elements throughout.
The Himmelstein Option is a new type of financial interest being created by the present invention.
Utilizing Himmelstein Option(s) allows the present invention to create a new type of market ("virtual market"), whereby barters may own and/or barter Himmelstein Options for Himmelstein Options, indefinitely, without having to possibly incur ordinary or capital gains taxes.
Furthermore, as long as the individual who owns a Himmelstein Option or is in the possession of a Himmelstein Option does not go to settlement and "take title", the actual owner of the security defers a taxable event.
The system creates web barter dollars to further its ability to facilitate a virtual market.
Web barter dollars are the system's currency with a unit (commodity dollar) which is preferably set to equal the U.
S.
dollar or some other standard such as foreign currency, gold etc.
The system, for example, uses web barter dollars to track an "I owe you" ("IOU") to individuals giving up a security but not simultaneously receiving a security back.
Preferably, the system uses web barter dollars to supplement or balance a barter in lieu of other currencies such as the U.
S.
dollar.
Using web barter dollars or cash simplifies the matching of barter orders where items of unequal value are traded.
When converting IOUs or web barter dollars to a different security, the system may charge a different fee based on the age of the IOUs.
For instance, if the IOU is to be held longer, the system may charge a lower percentage or lower fee to convert to U.
S.
dollars.
Further, the system may charge a different fee or a different percentage based on the relationship with a particular individual requesting the conversion.
The system and barterers may barter web barter dollars for cash at different values.
For example, the system may charge a fee to convert from web barter dollars to cash, but as an incentive provide extra web barter dollars for cash