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The invention presents a method for conducting an on-line bidding session to accumulate a collective bid for a property. The bidding session is conducted over a computer network that includes a central computer, a number of remote computers, and communication lines connecting the remote computers to

The invention presents a method for conducting an on-line bidding session to accumulate a collective bid for a property. The bidding session is conducted over a computer network that includes a central computer, a number of remote computers, and communication lines connecting the remote computers to the central computer. According to the method, at least one bidding group is registered in the central computer. The bidding group can be an association, institution, or group of investors formed for the purpose of bidding together for the property. The bidding group has a total bid for the property which is tracked in the central computer. The central computer receives bids entered from the remote computers by members of the bidding group. Each bid includes an individual bid amount which is contributed to the total bid of the group to accumulate the collective bid for the property.

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[ What is claimed is:] [1.] A method for conducting an on-line bidding session to accumulate a collective bid for a property, the bidding session being conducted over a computer network comprising a central computer, a plurality of remote computers, and communication lines connecting the remote comp

[ What is claimed is:] [1.] A method for conducting an on-line bidding session to accumulate a collective bid for a property, the bidding session being conducted over a computer network comprising a central computer, a plurality of remote computers, and communication lines connecting the remote computers to the central computer, the method comprising the steps of:a) registering a bidding group in the central computer, wherein the bidding group has a total bid;b) receiving in the central computer bids entered from the remote computers, wherein each of the bids comprises an individual bid amount; andc) contributing the individual bid amounts to the total bid to accumulate the collective bid for the property.