How do I make payments on my Real Estate Put Options?

Real Estate Put Option payment, if any, is due at the time the option is exercised or expired.

If there is any payment with the option you hold, payment will be withdrawn from your IRESE account within 3-5 days after an option is exercised or expired. Payment is calculated per option share and total amount is equal to the number of shares in your portfolio multiplied by payment per share. If an optoin payout is positive and you owe any money on the contract, payment will be created to withdraw money from Investor's account or primary bank account. You will be giving 5 days to deliver funds and we will notify you in advance if any payments are expected. Learn more about Real Estate Put Options payment example.

How do I receive a payout on my Real Estate Call Options?

Real Estate Call Option payout, if any, is due at the time the option is recalled or expired.

If there is any payout with the option you hold, payment is calculated per option share and total amount is equal to the number of shares in your portfolio multiplied by payout per share. Payments clear within 5 days of the contract expiration and you we will be notified in advance if any payments are expected. Learn more about Real Estate Call Options payout example. IRESE guarantees Real Estate Call Option payments. Learn more about option payoff guarantees.

How do I change my current primary bank account to a different bank account for my monthly payments?

Go to "Home > My IRESE > Account > Bank Accounts" and click "Add Bank Account". Take me there Be sure to have a check from your bank account handy.

If you are adding a second, third, or other subsequent bank account, you will be required to fax a copy of a check or a statement from your account to IRESE so that it can be verified.

When you add a bank account to IRESE requires you to provide the following information:

• Bank name: Type in the name of your bank exactly as it appears on your check.
• Account type: Choose whether you are adding a checking or savings account. If you're not sure what type of account you have, contact your bank.
• Account holder name(s): Enter the full name(s) of the account holder(s) as they would appear on a check or bank statement.
• Routing number: Type in the routing number that appears on your check in the lower left corner between the symbols (this is the first block of numbers, and will be nine digits long). For more explanation, see below.
• Account number: Type in the account number that appears on your check (it's the second block of numbers, after the routing number) and before the symbol on your check.
• Re-type Account number: To verify that you entered a correct account number, please re-type it again.
• Primary Account: By selecting this option you choose this account as "primary for all automatic transactions" as primary for all automatic transactions.
• Verify Account Balance: By selecting this option you certify that the bank account specified above has a positive account balance. Please acknowledge positive account balance.

When you add a bank account, we require that you verify ownership of your bank account. Learn more about account verification.

Learn more about managing external accounts.

Can I make a payment out of the cash balance in my IRESE account?

Yes. If you have at least the payment amount required to cover the payment in your IRESE account, one of the "Source of funds" options will be your IRESE account. Select it, enter the payment amount, and your payment will be made automatically.

What happens if I'm late on a Real Estate Put Options payment?

If payment is not received by the due date on your Real Estate Put Option payment, your account is considered delinquent, and failed payment and late fees may be assessed.

If payment is not received by the due date, you will receive a maintenance call and IRESE will sell your positions to meet your payment obligations.

What is Margin Maintenance Call?

When Real Estate Put Option are exercised or expired, Investor might be required to pay. To guarantee a payment we require a minimum amount of qualified securities in your account, called the "maintenance requirement". Real Estate Options are not marginable securities and have an initial rate and maintenance rate of 100%. Only cash or Real Estate Notes are considered to be marginable securities.

The sum of cash and the market value of Real Estate Notes in your account is the value of your securities. We require that the account have at least 50% of the total market value of the qualified securities as the maintenance requirement at all times. For example, if you sold Real Estate Put Option and collected $1,000, you can use 50% of $1,000 or $500 as your margin requirement, and invest other $500 into Real Estate Call Options thus creating leverage. You can also invest $500 of cash in Real Estate Notes providing you with fixed income return.

If your account falls below IRESE's maintenance requirement, IRESE will issue a maintenance call and ask you to deposit more cash or margin-eligible securities into your account. If you are unable to meet the maintenance call, IRESE will sell your securities to increase the equity in your account up to or above the maintenance requirement. If four liquidations (whether initiated by IRESE or customer) occur in a 12 month period to meet a maintenance call, the account will be restricted from selling Real Estate Put Option for 90 days.