Terms and Conditions
1. Introduction and Acceptance of Terms
A. Welcome to REIP, REIPtoken(s) and the REIP Family: Welcome to Real Estate Investment Partnership, LLC a Wyoming Limited Liability, and its affiliated businesses, including, collectively referred to as “REIP”,” “us,” “our,” or “we.” This Terms of Use Agreement (referred to as “Terms” or “Agreement”) establishes the legally binding agreement between you and the REIP Companies, governing your access to and use of our website at https://REIPtokens.com and any subdomains (together, the “Site”), networks, or other services provided by the REIP Companies (collectively with the Site, the “Services”).
B. Nature of Services: Through the Services, the REIP Companies may assist you in various tasks related to real estate transactions. It’s crucial to note that the Services are not intended to provide any financial, legal, tax, real estate, or related advice.
C. Agreement Acceptance: By accessing our Site or using any of our Services, you (referred to as “you” or “User”) agree to accept and comply with these Terms. Certain Services may have additional terms, listed in the Terms of Use or presented to you when signing up for those specific Services. In case of inconsistency, additional terms prevail.
D. Terms Compliance and Termination: Read the Terms carefully before using the Services. Violation of the Terms may lead to the termination of your relationship with us. The REIP Companies reserve the right to terminate your access to the Site or Services, with or without notice, and may modify or discontinue Services without liability.
E. Responsibilities and Review: You are responsible for regularly reviewing the Terms of Use. If you disagree with the Terms, please refrain from accessing or using any part of the Site or Services.
F. Termination and Modification by REIP Companies: You agree that the REIP Companies may, at their sole discretion and at any time, terminate your access to the Site or Services. Use of the Site and Services shall be terminated if you violate the Terms of Use. The REIP Companies also reserve the right to modify or discontinue Services, with or without notice.
G. Not Real Estate Brokers or Lenders: Acknowledge that the REIP Companies are not real estate brokers, mortgage brokers, or lenders. They do not aid or assist Users in obtaining financing or negotiate loans secured by liens on real estate.
Arbitration Agreement: Please be aware that Section 22(B) of this Agreement contains provisions governing how claims between you and the REIP Companies are resolved. It includes an arbitration agreement requiring disputes to be submitted to binding and final arbitration, with limited exceptions. If you do not opt out of the arbitration agreement, you agree to pursue claims against the REIP Companies on an individual basis, waiving the right to participate in class actions or jury trials.
Jurisdiction and Communications: Any dispute or claim related to your use of the Site and/or the Services will be governed by the laws of the State of Wyoming, consistent with the Federal Arbitration Act. Section 16 (Communications from the REIP Companies) contains your opt-in consent to receive communications from us via email, text message, and phone calls.
Privacy Policy Agreement: The REIP Companies prioritize your privacy and have a privacy policy available at https://REIPtokens.com/privacy-policy/ (“Privacy Policy”). By accessing or using the Site or Services, you agree to the REIP Companies’ collection and use of your personal information in accordance with the Privacy Policy and the Terms.
2. Eligibility and Restrictions
A. Eligibility: To use the Services, you must be at least 18 years old. By agreeing to the Terms of Use, you confirm that you: (a) are at least 18 years old; (b) have not been previously suspended or removed from the Services; (c) are not a competitor of the REIP Companies, using the Services for competitive reasons; and (d) your registration and use of the Services comply with all applicable laws and regulations. If entering into this Agreement on behalf of a company, you represent that you have the authority to bind the entity, its end users, and affiliates to this Agreement. If lacking such authority or disagreeing with this Agreement, do not accept it or access the Site or Services. Some Services may require additional terms upon registration (as defined below), which will be incorporated herein or available on a separate REIP Companies site.
We reserve the right, at our sole discretion, to refuse Services to any person or entity and/or modify our eligibility criteria at any time.
B. Restrictions: You acknowledge that certain Services have restrictions, including participants’ domiciles in specific U.S. states and countries worldwide. Identity verification, authentication, and checks against government watchlists, including the Office of Foreign Assets Control (“OFAC”), are mandatory steps. Failure to complete these steps will prevent you from opening an Account (as defined below) or participating in project or offering transactions.
3. Account Registration and Wallets
A. Account Creation & Closure: To access features and tools, you must register for an account (“Account”) and complete our KYC/AML compliance measures. You affirm that: (a) submitted information is truthful, complete, current, and accurate; and (b) you will maintain its accuracy. Your provided personal information will be processed as per our Privacy Policy. We reserve the right to limit, suspend, or terminate your Account at our sole discretion, with or without notice. You can close your Account at any time, except to evade fees or examination related to our KYC/AML compliance.
B. Third-Party Accounts: Permitted in connection with Services, you may register your Account using a valid third-party service account (“Third-Party Account”). By connecting Third-Party Accounts, you grant access as per the applicable terms. If a Third-Party Account becomes unavailable or access is terminated, your Account may no longer be available on the Services. Note that your relationship with Third-Party Service Providers is governed solely by your agreements with them, and we are not liable for personally identifiable information provided to us by such providers in violation of your privacy settings.
C. Account Responsibilities: You are accountable for all activities under your Account. Do not share your Account or password. Notify us immediately of any unauthorized use or breach of security. We are not liable for losses arising from non-compliance. When creating an Account, you may need to provide your mobile number for verification via text message. Be aware that your carrier’s text messaging fees may apply.
D. Wallet: When using certain Services like NFT transactions, link your Ethereum-compatible non-custodial digital wallet (e.g., Metamask). You can purchase, store, and transact digital assets through this wallet. Non-Custodial Wallets are governed by providers’ terms and conditions, and we have no control over their contents. You are solely responsible for wallet security, and we cannot assist with private key access or recovery.
E. Third-Party Agent: (i) Real estate brokers or agents (“Agents”) using the Site are bound by the Terms. Agents must register for an Account and warrant legal authority and necessary approvals to perform offered services. (ii) Subject to approval by the REIP Companies, Agents may upload real estate listings on the Site.
4. User Conduct
A. Access and Usage: Unless stated otherwise, the REIP Companies grant access to the Services for personal, non-commercial use. Your use of the Site must adhere to legal purposes defined by the Terms of Use. To maintain community standards and adhere to legal obligations, we may take action, with or without prior notice, if we suspect a violation of the Terms. This action may include terminating your Account, limiting or disabling your Site and/or Services access, and taking other measures we deem necessary at our sole discretion.
You commit to not violating any law, contract, intellectual property, or third-party rights. You are solely responsible for your conduct and content while using the Services. Additionally, you agree not to:
(i) Modify, copy, distribute, or reproduce information, software, or services from the Site without express written permission. (ii) Damage, disable, or interfere with the Site or others’ use. (iii) Attempt to obtain information not made readily accessible by the REIP Companies. (iv) Promote professional services, especially for real estate professionals, without permission. (v) Create unauthorized links to the Site or use technology altering its appearance. (vi) Access Services from a different blockchain address without written permission if other addresses are blocked. (vii) Use the Services to damage its functioning. (viii) Bypass or ignore access instructions, including rate limiting systems. (ix) Use unauthorized automated means to access the Services. (x) Attempt to reverse engineer or decode any aspect of the Services. (xi) Circumvent any of the REIP Companies’ fees. (xii) Use the Services for illegal or unauthorized purposes, including money laundering or terrorist financing. (xiii) Engage in price manipulation, fraud, or other deceptive activities. (xiv) Buy, sell, or transfer stolen or fraudulently obtained items. (xv) Infringe or violate intellectual property rights or others’ rights. (xvi) Create or display illegal content. (xvii) Transmit any destructive items or viruses. (xviii) Attempt to decipher, decompile, or reverse engineer any part of the Services. (xix) Contact a seller for any purpose other than purchasing real estate on the Site. (xx) Modify, translate, or create derivative works of any part of the Services. (xxi) Use the Services in any manner that interferes with other users’ enjoyment.
5. Content; Third-Party Content and Sites
A. Content; Restrictions: You can make your content available on the Services in line with this Agreement. You ensure that your content is original, non-violative, and complies with terms. You are solely responsible for all your content uploaded or made available through the Services.
B. Third-Party Content: The Services may display third-party content, and the REIP Companies disclaim liability for such content. They are not responsible for the acts, omissions, or content provided by third parties. Views expressed in third-party content do not necessarily reflect the views of the REIP Companies.
C. Third-Party Sites: The Services may include links to Third-Party Sites for convenience. You should review the terms and privacy policy of such sites before accessing them. The REIP Companies are not liable for Third-Party Sites and do not endorse their content. Users assume all risks when using or accessing Third-Party Sites.
6. Tokenized Transactions
A. Transaction Facilitation: The Site may facilitate digital securities or token transactions representing indirect ownership in real estate. Users can submit offers for REIPtokens through the Site or other means specified by the REIP Companies, subject to certain limitations outlined in project or offering Agreements.
B. Offer Submission and Site Actions: Once you confirm your offer amount, you cannot amend, retract, or revoke it under any circumstances. The REIP Companies are not liable for errors in offer submission. They reserve the right to extend, suspend, or terminate REIPtoken sales on the Site. In cases of error or dispute, the REIP Companies may continue to allow offer submissions, cancel REIPtoken sales, or re-offer and re-sell REIPtokens.
C. Offer Submission Timing: Purchase offers must adhere to specified dates and times or as permitted by the REIP Companies. The Companies may extend submission periods to ensure a buffer period between the last offer and the closing time.
D. Smart Contract Enabled: (i) REIPtokens on the Site use blockchain-based ERC-20 tokens with smart contracts on the Ethereum blockchain. Users understand that their Ethereum public address becomes visible during transactions. (ii) The REIP Companies grant Users a limited license for the applicable Smart Contract. Users assume obligations, and the Companies may update, maintain, or terminate the Smart Contract under specific circumstances. This does not affect REIP Companies’ ownership of intellectual property.
7. Intellectual Property
A. REIP Companies’ Ownership: The REIP Companies and their licensors own all rights to the Services and associated Content. All Content is protected by copyright, trademark, and other laws. Users acknowledge and agree to these protections.
B. License Granted to You: Users are granted a limited, non-transferable license to access and use the Services, subject to ongoing compliance with the Terms. This license is not a sale, and the REIP Companies retain all rights to the Services.
C. Usage Restrictions: Users may not modify, decompile, or commercially gain from the Services. Hidden text or meta-tags using REIP Companies’ trademarks require written permission. Users may not automate queries, and displaying, selling, or sublicensing information from the Services is prohibited.
D. License to Your Content: Users grant the REIP Companies a license to host, use, reproduce, and display uploaded content. Other Users receive a non-exclusive license to access and use this content through the Services.
E. NFT Ownership: Upon purchasing REIPtokens on the Site, Users own the REIPtokens with the right to sell, display, or transfer it, subject to regulatory limitations.
F. Copyright Infringement: In compliance with Title 17, U.S. Code, Section 512, copyright infringement claims should be sent to REIP’s designated agent.
8. Restrictions
A. Content Transmission: Users agree not to transmit content unrelated to appropriate subjects, misleading, unlawful, harmful, defamatory, or violating any proprietary rights.
B. Legal Compliance: Users will not intentionally violate any local, state, national, or international laws, including regulations governing securities, consumer protection, and fair housing.
C. Terms of Use Compliance: Users will not engage in transactions violating the Terms of Use.
9. KYC/AML Compliance Measures
A. Patriot Act Notification: Users are required to provide information for compliance with the Patriot Act.
B. Background Checks: The REIP Companies reserve the right to conduct background checks in accordance with applicable laws.
C. Source of Funds: Users declare that funds used on the Site are not proceeds of criminal or fraudulent activity.
D. Sanctions Programs: Compliance with economic sanctions programs may lead to the suspension, termination, or restriction of user accounts.
E. Prohibited Activity: The Site prohibits certain activities, including use in dark markets, ransomware, or illegal activities violating laws or REIP Companies’ policies.
10. PRO Tokens
A. Ecosystem Promotion: You have the option to perform actions that contribute to the promotion of the blockchain real estate protocol REIP ecosystem. In recognition and reward of these actions, REIP may transfer a specific amount of REIPtokens for your support. The number of REIPtokens is determined based on the total actions performed through REIP projects and its blockchain real estate protocol, either specified by you in writing or generated by REIP. The agreed-upon number of PRO Tokens is final and binding, and your acceptance of these tokens as Consideration is subject to the Consideration Terms.
11. Fees
A. Subscription-Based Services: Certain Services operate on a subscription basis, and you agree to pay all relevant fees, including any taxes not collected on your behalf. If you activate an Account, you authorize periodic charges until cancellation. To avoid the next subscription fee, cancel before renewal.
B. Payment Authorization: A credit card is required for subscription unless otherwise agreed. Your card will be charged automatically, and no advance notice is guaranteed. Failure to charge may lead to suspension or termination of access until payment is received.
C. Fee Modifications: Fees for individual subscriptions are posted on the Site, but specific contract fee arrangements won’t be posted. We reserve the right to modify fees with notice, and any increase applies prospectively.
D. Other Pricing Models: The REIP Companies may introduce alternative pricing models or additional services, subject to user consent.
E. Gas Fees: NFT transactions on the Site involve Gas Fees on the Ethereum blockchain. Users acknowledge that transaction validity is unaffected by Gas Fee unpredictability.
F. PRO Tokens as Fees: For certain Services, the REIP Companies may charge fees in the form of PRO tokens (“PRO Tokens”).
G. Subscription Cancellation: Users can cancel subscriptions by contacting support@REIP.com.
12. Third-Party Service Provider
A. Required Third-Party Services: Certain Services may necessitate the use of third-party services or products (“Third-Party Services”). Users are responsible for understanding and complying with the terms and conditions of these services. Third parties are accountable for the performance of their services.
Buyers or Escrow Companies (VCRs):
B. Dwolla Platform Account: To use fiat payment functionality, opening a Dwolla Platform account is required. Users must accept Dwolla’s terms and privacy policy. REIP Companies collect and share necessary personal information for Dwolla Account management through the Site.
Sellers or Real Estate Agents (ROs):
C. Dwolla Credit Transfers: Dwolla is authorized to initiate credit transfers to financial institution accounts. REIP Companies collect and share required personal information with Dwolla.
13. Assumption of Risks
A. NFT Risks: Users acknowledge inherent risks associated with NFT use, including lack of interest, regulatory uncertainty, irreversible transactions, fraud, cyber-attacks, and blockchain-related challenges. Users are responsible for evaluating these risks.
B. Personal Responsibility: Users are solely responsible for assessing risks and acknowledge that REIP Companies do not provide advice regarding NFTs. Accessing and using NFTs is at the user’s risk, and REIP Companies are not liable for communication issues during use.
14. Taxes
A. User Responsibility: Users are responsible for determining applicable taxes on their transactions, including NFT transactions. REIP Companies do not assume responsibility for determining tax obligations related to user transactions.
15. Disclaimer of Warranties
A. Use at Your Own Risk: The Site, Services, and Content are provided “As Is” and “As Available.” REIP Companies disclaim all express or implied warranties, including merchantability and fitness for a particular purpose.
B. Experimental Technologies: Transactions involve experimental technologies, and users understand the risks associated with smart contracts, cryptocurrencies, and blockchain networks. REIP Companies are not responsible for losses resulting from these technologies.
C. No Guarantees: REIP Companies do not guarantee specific results from using the Site or Services. Temporary unavailability may occur, and REIP Companies are not liable for resulting losses or damages.
D. Content Changes: REIP Companies reserve the right to change Content without notice. Reference to products or services does not imply endorsement, sponsorship, or affiliation.
E. Blockchain Limitations: REIPtokens exist based on blockchain records, and REIP Companies cannot control real estate title transfers. REIP Companies are not liable for vulnerabilities, failures, or abnormal behavior of blockchain-related features.
16. Mortgage-Related Disclosures
A. Information Disclaimer: (i) REIP Companies do not verify or guarantee any information in requests for quotes, pre-qualifications, pre-approvals, loan commitments, or loan-related documents. (ii) No guarantees are made regarding information about consumers, potential borrowers, or individuals in inquiries, nor (iii) in ratings or feedback about advertisers, lenders, brokers, or mortgage professionals.
B. No Guarantee of Loan Terms: REIP Companies do not assure the accuracy of information provided by borrowers, specific loan terms from advertisers, lenders, brokers, or mortgage professionals. No assurance is given that individuals will be offered or able to obtain specific rates, loans, or related transactions.
C. Not a Lender or Mortgage Facilitator: REIP Companies are not lenders, mortgage brokers, loan originators, processors, or underwriters. They do not assist in obtaining loans, setting terms, or making loan decisions.
D. No Loan Offers or Solicitation: REIP Companies do not offer loans, participate in loan solicitation, accept loan applications, or issue pre-qualifications or pre-approvals.
E. Endorsements Disclaimer: REIP Companies do not endorse or recommend lenders, borrowers, or any products, rates, or offerings of lenders, brokers, or mortgage professionals.
F. Non-Binding Inquiries: Requests, inquiries, or agreements related to loans, loan applications, quotes, pre-qualifications, pre-approvals, loan commitments, or transactions are not treated as orders, applications, offers, or transactions.
G. Limited Responsibility: REIP Companies do not assume responsibility for decisions regarding loans, loan applications, quotes, pre-qualifications, pre-approvals, loan commitments, or transactions. Decisions are made by lenders, brokers, or other professionals.
H. Ad Content Not an Offer: Content in mortgage-related ads or other ads is not an offer or solicitation for any loan, loan application, quote, pre-qualification, pre-approval, loan commitment, or loan-related transaction.
I. No Agency Relationship: REIP Companies are not agents of consumers, borrowers, advertisers, lenders, brokers, or mortgage professionals.
J. Advertising Services: REIP Companies may provide advertising services and facilitate contact with lenders or mortgage professionals but do not influence loan-related decisions.
K. Decisions by Lenders: Decisions regarding loans, applications, quotes, pre-qualifications, pre-approvals, or transactions are made by lenders, brokers, or other professionals.
L. No Guarantee by REIP: REIP Companies do not guarantee or assume responsibility for decisions, acts, omissions, or consequences of lenders, brokers, or other professionals, or any content on external websites.
M. Limited Liability: The disclosed information represents REIP Companies’ good faith conclusions, and they bear no responsibility or liability for assertions, findings, or conclusions made by anyone other than REIP Companies.
17. Communications
A. Agreement to Receive Communications: Upon entering this Agreement or using the Services, users agree to receive communications via email, text message, and calls. Users acknowledge that texts, calls, or prerecorded messages may be generated by automatic telephone dialing systems. Communications may include operational updates, promotions, or news related to the REIP Companies.
18. Indemnification
A. User’s Responsibility to Defend: Users agree to defend, indemnify, and hold the REIP Companies and its affiliates harmless from third-party claims, liabilities, damages, losses, and expenses. This includes attorney fees and costs arising from the user’s use of the Services, violation of the Agreement, failure to comply with laws, user-generated content, and any activity engaged in on or through the Services.
19. Limitation of Liability
A. General Liability Limits: REIP Companies are not liable for indirect, consequential, special, incidental, or punitive damages arising from the Agreement or the use of Services. This limitation applies to breaches of contract, warranty, negligence, or any other cause of action.
B. Liability for Conduct of Other Users: Users are solely responsible for interactions and communications with other users. REIP Companies do not verify statements of other users, and no warranty is made about third-party services’ quality or availability.
20. Representations and Warranties
A. User Representations and Warranties: Users, by agreeing to the Terms, represent and warrant that they are at least 18 years old, have the full right to agree to the Terms, are not subject to financial sanctions, are not citizens or residents of specified countries, are not impersonating others, comply with applicable laws, and have read and agreed to the Privacy Policy.
21. Miscellaneous
A. Customer Due Diligence: You acknowledge and agree that, for any transaction on the Site, we may conduct customer due diligence measures. These measures may include obtaining mandatory information for KYC verifications, as required by applicable laws and regulations. Enhanced due diligence, including documentation, may be undertaken to meet customer due diligence requirements in compliance with relevant laws and regulations.
B. Consent for Data Usage: By using the Site, you consent to the use of your personal or sensitive personal data, as defined by applicable law. We may source your data from any necessary public registry to complete your profile, assess eligibility, and conduct KYC checks. Your data may be shared with third parties, including vendors and service providers, solely for compliance with applicable laws. We commit to adhering to industry best practices in information security, data protection, and privacy law. However, we are not liable for any claims arising from the collection, use, processing, and sharing of personal data with your explicit consent.
22. General Terms
A. Applicable Law and Waiver of Jury Trial: The Terms are governed by the laws of the State of Wyoming. You waive your right to a trial by jury with respect to any claim arising from the Terms to the fullest extent permitted by law.
B. Dispute Resolution: Any Dispute must be resolved in good faith through amicable discussions before legal proceedings. If not resolved, the Dispute will be subject to final binding arbitration in Cheyenne, Wyoming, according to AAA rules. The arbitration must commence within one year of the cause of action. Parties agree to limit arbitration arguments and minimize discovery burdens. No arbitration shall be joined with other parties or decided on a class action basis. Certain matters, including intellectual property disputes, are exempt from binding arbitration.
C. No Partnership, Joint Venture, or Employment: No partnership, joint venture, employment, or agency relationship exists between you and the REIP Companies. REIP Companies’ performance is subject to existing laws, and nothing in the Terms derogates from their right to comply with legal requests.
D. Breach and Termination: We may take immediate actions, including removing your real estate information, warning the community, issuing warnings, suspending or terminating your membership, and refusing services, if you breach the Agreement or provide unverifiable information.
E. Interpretation of Terms: If any part of the Terms is deemed invalid or unenforceable, the provision will be replaced with a valid one closely matching the original intent. The remaining Terms continue in effect, constituting the entire agreement between you and the REIP Companies.
F. Legal Compliance: You agree to comply with all applicable laws regarding your use of Services and real estate transactions.
G. Updates: Keep us informed of changes to your contact information for timely communications.
H. Severability: If any provision is found invalid or unenforceable, it will be enforced to the maximum extent permissible, and other provisions will remain in full force.
I. Privacy: Review our Privacy Policy; by using Services, you consent to the transfer and processing of your personal data in the United States.
J. Third-Party Applications: The Services may integrate with Third-Party Applications, governed by their terms and conditions. We do not endorse or assume responsibility for Third-Party Applications’ behavior, features, or content, nor any transactions with their providers.
