What Are the Transaction and Platform Fees on Realbricks?
Realbricks offers a streamlined way for investors to buy fractional shares in real estate. While the platform is designed to be accessible, there are certain fees associated with transactions and general platform usage. Understanding these fees can help investors make informed decisions and manage investment costs effectively.
Transaction Fees
The transaction fee is charged on each individual investment made through the Realbricks platform. This fee covers the processing costs involved in facilitating transactions between investors and property listings. The fee may vary depending on the size of the transaction and specific properties but is generally a percentage of the transaction amount. Transaction fees are displayed during the investment process, allowing users to see the total cost before completing their transaction.
Platform Fees
In addition to transaction fees, Realbricks charges a platform fee to maintain the infrastructure, support services, and enhancements that keep the platform running smoothly. This fee often covers:
- Platform Maintenance: Ensuring that the platform is secure, responsive, and up-to-date with the latest technology.
- User Support: Providing assistance to users via customer service and support resources.
- Investment Management and Monitoring: Allowing Realbricks to offer real-time updates, educational resources, and tools for managing investments effectively.
The platform fee is a flat rate of $2.50 and is generally applied to the total invested amount. It is typically deducted from investment returns, meaning investors can see the impact on their earnings over time.
How to View Fees on Realbricks
Before making an investment, users can view a breakdown of any applicable transaction and platform fees before executing a transaction. Realbricks aims to keep these fees transparent so investors can make decisions with a full understanding of the costs involved.
If you have further questions about specific fees or how they apply to your account, contact support@realbricks for detailed assistance.