Once Real Estate Note auction is completed and shares are distributed, an investor can offer Real Estate Note sharep for sale on the Exchange, by specifying selling price and time of offer expiration.

Other investors may have an interest to purchase existing Real Estate Notes traded on an exchange and can offer to purchase on the exchange, specifying purchase price and time of offer expiration.

At all times, the exchange monitors buyers and sellers’ orders and if a match is found, the exchange executes a transaction and the Real Estate Note ownership rights are transferred from seller to buyer. The exchange instructs a settlement and clearing system to transfer funds between the parties.

IRESE provides a complete investor anonymity. For numerous privacy and competitive reasons, buyers and sellers often prefer not to have their identities revealed to the general public when engaging in commercial transactions.