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AmeriQuotes offers online bidding.



AmeriQuotes.com was recently launched nationally to provide buyers and sellers of commercial real estate with online bids for many of the services they require to execute transactions.

AmeriQuotes provides the real estate investor A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit.  with bids from a nationwide network of top-tier service providers. Services currently available are title insurance, phase I/II environmental reports, 1031 exchanges, brokerage, property and casualty insurance, land surveys, escrow escrow

Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition.
 and appraisals.

To obtain bids, a user logs on to www.ameriquotes.com and fills out transaction-specific data, which is converted into an electronic request for proposal (RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system.

1. (business) RFP - Request for Proposal.
2.
) and submitted via email to service providers doing business in the area of the transaction. Bidding service providers submit their quotes back to AmeriQuotes within two business days, where they are prioritized and electronically "packaged." Within three business days of the initial RFP, up to 48 quotes can be submitted back to the investor.

AmeriQuotes.com CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Martin Gibeau, previously president of Stewart Title of Denver, notes, "Quite simply, a need exists within the commercial real estate community for a more efficient and cost effective process for building high-quality transaction teams. For a nominal annual fee, the service provider will have access to an increased volume of high-end commercial transaction opportunities."

AmeriQuotes.com recently secured venture capital funding from an investor group led by Cavalry cavalry, a military force consisting of mounted troops trained to fight from horseback. Horseback riding probably evolved independently in the Eurasian steppes and the mountains above the Mesopotamian plain. By 1400 B.C.  Capital Management of Monument Anything by which the memory of a person, thing, idea, art, science or event is preserved or perpetuated. A tomb where a dead body has been deposited.

In real-property 
, Ohio.
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Publication:Real Estate Weekly
Article Type:Brief Article
Date:May 10, 2000
Words:223
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