Securities professionals are encouraged to refer clients to register to participate in REIT share auctions. Successful registration provides access to online bidding and allows sellers to create auctions to sell their shares through the platform.
Upon completion of a REIT share auction that results in a transfer of shares, buyers and sellers have an opportunity to identify their referring broker dealer or registered representative. At this time, required paperwork is sent to users and their representatives to document and verify the qualification of the referral.