Realbricks: Platform Profile

Overview

Realbricks offers property-specific fractional residential real-estate securities through Regulation A offerings.

Investors choose individual properties.

Current offerings use a structure in which investors purchase interests in an entity or series associated with the underlying rental property.

Current headline economics include:

• $10 shares;
• $100 primary-market minimum;
• $2.50 transaction fee per buy or sell order;
• 0.75% quarterly AUM fee based on the property's original purchase price;
• 8% property-management fee on gross rental revenue;
• quarterly distributions when declared.

The main 2026 status trap is liquidity.

Realbricks has posted secondary-market legal terms, and older marketing referenced a first-half-2026 launch.

Current investor education still labels the secondary market "Coming Soon," and current SEC offering language says there is no public trading market and only an intention to seek PPEX quotation.

May fit better for

• investors seeking individual-property exposure;
• accredited and qualifying non-accredited U.S. investors;
• investors starting with $100;
• investors who prefer property-specific offerings over a pooled fund;
• investors comfortable with quarterly distributions;
• investors who understand the layered property-level fee structure.

May fit less well for

• investors requiring currently verified secondary liquidity;
• investors who want direct deeded title;
• investors who want one low all-in platform fee;
• investors requiring daily distributions;
• investors who assume SEC qualification means SEC endorsement;
• investors who want a public REIT.

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Operator, issuer, and broker are separate

Current Realbricks disclosures:

• Platform operator: Terra Mint Group, Corp.
• Operator registered broker dealer: No
• Operator registered investment adviser: No
• Issuer: Neptune REM, LLC
• Broker of record: Dalmore Group LLC
• Dalmore FINRA member: Yes
• Dalmore SIPC member: Yes

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What the investor owns

Current Realbricks materials are explicit:

• Property specific entity interest: Yes
• Direct deeded property title: No

The investor buys an ownership interest in the entity associated with the property.

The investor's name is not placed directly on the house title.

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Regulation A access

Current platform materials:

• Regulation a: Yes
• Accredited investors: Yes
• Eligible non accredited investors: Yes
• Minimum age: 18
• US bank account: Yes
• Identity verification: Yes

Regulation A investment limits can apply.

SEC qualification is not approval or endorsement.

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Current minimum

Current primary-market pricing:

• Share price: $10
• Minimum shares: 10
• Primary market minimum: $100

If a future secondary market becomes operational, smaller one-share secondary purchases may become possible.

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Platform transaction fee

Current Realbricks support:

• Platform transaction fee: $2.50 per buy or sell order

At a $100 minimum purchase:

$2.50 ÷ $100 = 2.5%

At a $1,000 purchase:

$2.50 ÷ $1,000 = 0.25%

The flat fee matters most at the minimum investment size.

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AUM fee uses property purchase price, not investor account value

Current Realbricks fee policy:

• AUM fee:
• Rate: 0.75% quarterly
• Base: property original purchase price
• Payment source: deducted from property rental income

Annualized simple rate on the same property-purchase-price base:

0.75% × 4 = 3.0%

"3% per year of each investor's account balance."

That is not the stated fee base.

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Property management fee

Current fee policy:

• Property management fee: 8% of gross rental income
• Frequency: monthly

This is separate from the AUM fee.

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Fee layering matters

Realbricks' current investor economics can therefore include:

1. $2.50 transaction fee;
2. 0.75% quarterly property-purchase-price-based AUM fee;
3. 8% of gross rent property-management fee;
4. offering/issuer-level expenses;
5. property operating expenses.

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Broker and offering economics

Current SEC offering materials identify Dalmore as the broker-dealer for the offering.

Selected current filing economics include:

• Dalmore commission: 1% of Series Interest sales in cited May 2026 filing
• Offering expenses: offering/series-specific

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Quarterly distributions

Current Realbricks materials:

• Distribution processing: quarterly if declared
• Guaranteed distribution: No

Net distributable cash depends on:

• rent;
• occupancy;
• expenses;
• reserves;
• financing obligations where applicable;
• property performance.

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Secondary-market status — mandatory

There are conflicting current-facing materials.

Current educational page:

• Secondary market label: Coming Soon

Current how-it-works page says liquidity opportunities may occur if a secondary market becomes available in the future.

Current SEC offering material states:

• Public trading market: No
• PPEX quotation intent: Yes
• Guaranteed PPEX listing: No
• Guaranteed secondary volume: No
• Guaranteed secondary pricing: No

Realbricks also posts a secondary-market trading agreement.

A posted agreement does not by itself prove that active trading is live across eligible properties.

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Do not use older launch-date promises as current status

Older/current marketing pages can say:

• scheduled for first half of 2026;
• eligible after 30 days.

The current September 2026 review must not treat that schedule as evidence the launch occurred.

Current operation controls.

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Liquidity

Investors should be able to hold without relying on a secondary sale.

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Tax reporting

Current Realbricks educational materials disclosures show:

• Distribution tax form: 1099-DIV

Tax outcomes depend on the offering and investor.

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Ownership limits

Current Realbricks app education references a property-level ownership cap.

Because offering-specific limits can change:

• Single property ownership limit: offering-specific; current marketing references can apply

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Protection

Realbricks securities are not bank deposits.

Dalmore's FINRA/SIPC status does not insure a property interest against falling in value.

Assessment

Realbricks offers a clear property-selection model and a low $100 entry point.

Its fee structure is more layered than the minimum suggests.

The current AUM charge is particularly unusual because it is based on the property's original purchase price rather than each investor's current balance.

The secondary-market story must also stay conservative.

Realbricks has built and documented secondary-market infrastructure, but current platform and SEC materials do not establish a broadly live, guaranteed marketplace as of this review.