What do I need to do before I can trade?

To purchase Real Estate Note shares, you must be a member of IRESE. You must also complete your Investor Account Setup. Become an Investor now.

Because purchasing requires the offer amount to be available from your IRESE account, you must first transfer funds to IRESE before you can start buying.

Once you have completed all of the above steps, just before you start to investing, you should read about the ins and outs of understanding Real Estate Notes.

How do I trade Real Estate Note shares?

There are two ways to purchase shares of a Real Estate Note at IRESE:

• Place a manual offer: Place offer one at a time by visiting each listing, reviewing the details, and clicking the "Trade" button. You will enter the amount of shares, price for each note and order type and the offer will be placed. Learn about manual trading.
• Use portfolio plans (coming soon): For your convenience, IRESE has set up 4 "model" portfolio plans you may wish to use as templates for your portfolio plans. Each of the 4 plans presents a range of progressively increasing risk and potential return based on Real Estate Note risk profile attributes.

What price should I offer?

You should price a share that takes into consideration both the Property Owner's risk profile, the rate adjustment due to defaults, and the IRESE Real Estate Notes servicing fee. Learn more about pricing your offers.

How do I buy shares?

For Real Estate Notes, to place a buy order go to "Invest > Trade Notes". Take me there Click "Trade Now" link if you know share symbol or find a note your want to buy and click "Trade" button on the detail quote page. You will be taking to "Place Trade Order" page.

You will then be asked to enter the following information:

• Action: Choose "Buy", which is by default if you want to buy shares or "Sell" if you want to sell shares.
• Sybmol: Share symbol, which will be filled in by default if you placing trade from share details page.
• Number of share: Enter the number of shares you want to buy.
• Order type and price: Select a pricing that meets your need (Market, Limit, Stop or Stop-Limit). Learn more about order types.
  • For Limit orders, enter the Limit Price and select All or None shares.
  • For Stop orders, enter the Stop Price.
  • For Stop-Limit orders, enter the Stop Limit Price and select All or None shares.
• Order Expiration: Select an expiration timeframe that meets your need (Good Until Canceled, End of the Day, Specific Day). Learn more about order expiration.

After clicking continue, you will be shown the trade data you specified on the same page, and asked to confirm your trade. A few very important things to note about bidding before you click that "confirm trade" button:

• When you place a bid, funds are immediately set aside in your account for that trade if you are buying.
• By placing a trade, you are committing and promising to fund and purchase the share should your trade be matched.
• If trade is completed, funds will be automatically transferred from your account to the trading party account when the trade is cleared.
• If your order is not matched, funds will be immediately made available for you to trade again elsewhere.
• Trades can be withdrawn at any time before they are completed. Learn more about canceling trade.

Once you have placed your order, you can check its status by going to "Invest > My Investing > Orders". Take me there

Note: Funds must be available at the time the buy order is placed.

Fees for your trade are determined by the volume you are generating. For fee details, please see the IRESE fees.

Note: Real Estate Options involve risk and are not suitable for all investors. Before investing in options, please read the Characteristics and Risks of Standardized Options.

How do I sell shares?

For Real Estate Notes, to place a sell order go to "Invest > Trade Notes". Take me there Click "Trade Now" link or find a note your want to sell and click "Trade" button on the detail quote page. You will be taking to "Place Trade Order" page.

You will then be asked to enter the following information:

• Action: Choose "Buy", which is by default if you want to buy shares or "Sell" if you want to sell shares.
• Sybmol: Share symbol, which will be filled in by default if you placing trade from share details page.
• Number of share: Enter the number of shares you want to buy.
• Order type and price: Select a pricing that meets your need (Market, Limit, Stop or Stop-Limit). Learn more about order types.
  • For Limit orders, enter the Limit Price and select All or None shares.
  • For Stop orders, enter the Stop Price.
  • For Stop-Limit orders, enter the Stop Limit Price and select All or None shares.
• Order Expiration: Select an expiration timeframe that meets your need (Good Until Canceled, End of the Day, Specific Day). Learn more about order expiration.

After clicking continue, you will be shown the trade data you specified on the same page, and asked to confirm your trade. A few very important things to note about bidding before you click that "confirm trade" button:

• When you place a bid, funds are immediately set aside in your account for that trade if you are buying.
• By placing a trade, you are committing and promising to fund and purchase the share should your trade be matched.
• If trade is completed, funds will be automatically transferred from your account to the trading party account when the trade is cleared.
• If your order is not matched, funds will be immediately made available for you to trade again elsewhere.
• Trades can be withdrawn at any time before they are completed. Learn more about canceling trade.

Once you have placed your order, you can check its status by going to "Invest > My Investing > Orders". Take me there

Note: Shares must be available in your account at the time the sell order is placed.

Fees for your trade are determined by the volume you are generating. For fee details, please see the IRESE fees.

Note: For sell orders where the proceeds are less than the commission, the entire proceeds less $0.01 are taken as the commission. In other words, even if the stock is worth less than the commission, you will still receive $0.01 in exchange for your shares.

How are trades are fulfilled?

Once there is a matching trade to complete a Real Estate Note share order, trade is executed, cleared and share ownership is transfered.

I placed my order. What's next?

Place your best trade offer and then just wait for the matching offer to complete the trade. You can always check the status of the order by going to "Home > My IRESE > Investing > Orders". Take me there

Where do I find my completed trades?

Once you order partially or completely completed, a trade will be generated to reflect details of the transaction. To find account trade details, go to "Home > My IRESE > Investing > Trades". Take me there