Legal · Marketplace

Marketplace terms

The rules of the ReptoState secondary marketplace, including lock-in, price band, fees and anti-manipulation.

Draft — under legal review. Draft content under legal review. To be finalised by Pakistani corporate counsel. Not legal advice.

1. Scope

These terms govern your use of the ReptoState Marketplace — the secondary platform on which existing investors can resell their property blocks to other KYC-verified investors.

2. Eligibility

Only KYC-verified investors may list or buy on the Marketplace. Visitors and unverified accounts cannot see listing details.

3. Lock-in period

Blocks cannot be listed for resale for 3 months after their initial purchase, or after the property begins earning rental, whichever is later.

4. Price band

Listing prices must be within ±15% of the latest independent valuation. Listings outside that band are rejected at submission time.

5. Anti-manipulation

Buyer and seller must not share a KYC identifier, beneficial owner, device fingerprint, or have any other linkage that suggests a coordinated trade. Detected wash trades are cancelled and the accounts involved are suspended pending investigation.

6. Fees

Sellers pay a 1.5% exit fee on completed sales. Buyers pay a 0.5% acquisition fee. Both are disclosed at listing/order time. There is no listing fee.

7. Settlement

Trades settle T+2 — the buyer's funds are held in escrow until the SPV cap table is updated, at which point the seller's wallet is credited (net of fees).

8. Cancellation

Listings can be cancelled at any time before a matching buy order is placed. Partially-filled orders cannot be cancelled mid-settlement.

9. No guarantee of liquidity

ReptoState does not guarantee that any listing will find a buyer, or that any sought-after property will have available blocks on the Marketplace.

Last reviewed: 2026-05-01