Terms of Service
Agreement between User and reconsortia.com
Welcome to reconsortia.com. The reconsortia.com website (the "Site") is comprised of various web pages operated by Real Estate Consortia , Inc. ("REC"). reconsortia.com is offered to you conditioned on your acceptance without modification of the terms, conditions, and notices contained herein (the "Terms"). Your use of reconsortia.com constitutes your agreement to all such Terms. Please read these terms carefully, and keep a copy of them for your reference.
Reconsortia.com is an website that interfaces with Real Estate Consortia's patent pending distributed title ledger (DTL) and title token for each property. The title token is a digital representation of each property that tracks the relationships of each property on the DTL. The purpose of the REC DTL and title token are for tracking real estate referrals, title provenance records, lender, escrow, settlement, service provider relationships and other services that may develop over time.Privacy
Visiting reconsortia.com or sending emails to REC constitutes electronic communications. You consent to receive electronic communications and you agree that all agreements, notices, disclosures and other communications that we provide to you electronically, via email and on the Site, satisfy any legal requirement that such communications be in writing.Your Account
If you use this site, you are responsible for maintaining the confidentiality of your account and password and for restricting access to your computer, and you agree to accept responsibility for all activities that occur under your account or password. You may not assign or otherwise transfer your account to any other person or entity. You acknowledge that REC is not responsible for third party access to your account that results from theft or misappropriation of your account. REC and its associates reserve the right to refuse or cancel service, terminate accounts, or remove or edit content in our sole discretion.Children Under Thirteen
REC does not knowingly collect, either online or offline, personal information from persons under the age of thirteen. If you are under 18, you may use reconsortia.com only with permission of a parent or guardian.Cancellation/Refund Policy
Users must notify customer service to request a cancellation. A cancellation may be subject to existing contracts in place between users of the platform, eg, agent to agent and broker to broker referral agreements.Links to Third Party Sites/Third Party Services
reconsortia.com may contain links to other websites ("Linked Sites"). The Linked Sites are not under the control of REC and REC is not responsible for the contents of any Linked Site, including without limitation any link contained in a Linked Site, or any changes or updates to a Linked Site. REC is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement by REC of the site or any association with its operators.
Certain services made available via reconsortia.com are delivered by third party sites and organizations. By using any product, service or functionality originating from the reconsortia.com domain, you hereby acknowledge and consent that REC may share such information and data with any third party with whom REC has a contractual relationship to provide the requested product, service or functionality on behalf of reconsortia.com users and customers.
All content included as part of the Service, such as text, graphics, logos, images, as well as the compilation thereof, and any software used on the Site, is the property of REC or its suppliers and protected by copyright and other laws that protect intellectual property and proprietary rights. You agree to observe and abide by all copyright and other proprietary notices, legends or other restrictions contained in any such content and will not make any changes thereto.
You will not modify, publish, transmit, reverse engineer, participate in the transfer or sale, create derivative works, or in any way exploit any of the content, in whole or in part, found on the Site. REC content is not for resale. Your use of the Site does not entitle you to make any unauthorized use of any protected content, and in particular you will not delete or alter any proprietary rights or attribution notices in any content. You will use protected content solely for your personal use, and will make no other use of the content without the express written permission of REC and the copyright owner. You agree that you do not acquire any ownership rights in any protected content. We do not grant you any licenses, express or implied, to the intellectual property of REC or our licensors except as expressly authorized by these Terms.Use of Communication Services
The Site may contain bulletin board services, chat areas, news groups, forums, communities, personal web pages, calendars, and/or other message or communication facilities designed to enable you to communicate with the public at large or with a group (collectively, "Communication Services"). You agree to use the Communication Services only to post, send and receive messages and material that are proper and related to the particular Communication Service.
By way of example, and not as a limitation, you agree that when using a Communication Service, you will not: defame, abuse, harass, stalk, threaten or otherwise violate the legal rights (such as rights of privacy and publicity) of others; publish, post, upload, distribute or disseminate any inappropriate, profane, defamatory, infringing, obscene, indecent or unlawful topic, name, material or information; upload files that contain software or other material protected by intellectual property laws (or by rights of privacy of publicity) unless you own or control the rights thereto or have received all necessary consents; upload files that contain viruses, corrupted files, or any other similar software or programs that may damage the operation of another's computer; advertise or offer to sell or buy any goods or services for any business purpose, unless such Communication Service specifically allows such messages; conduct or forward surveys, contests, pyramid schemes or chain letters; download any file posted by another user of a Communication Service that you know, or reasonably should know, cannot be legally distributed in such manner; falsify or delete any author attributions, legal or other proper notices or proprietary designations or labels of the origin or source of software or other material contained in a file that is uploaded; restrict or inhibit any other user from using and enjoying the Communication Services; violate any code of conduct or other guidelines which may be applicable for any particular Communication Service; harvest or otherwise collect information about others, including e-mail addresses, without their consent; violate any applicable laws or regulations.
REC has no obligation to monitor the Communication Services. However, REC reserves the right to review materials posted to a Communication Service and to remove any materials in its sole discretion. REC reserves the right to terminate your access to any or all of the Communication Services at any time without notice for any reason whatsoever.
REC reserves the right at all times to disclose any information as necessary to satisfy any applicable law, regulation, legal process or governmental request, or to edit, refuse to post or to remove any information or materials, in whole or in part, in REC's sole discretion.
Always use caution when giving out any personally identifying information about yourself or your children in any Communication Service. REC does not control or endorse the content, messages or information found in any Communication Service and, therefore, REC specifically disclaims any liability with regard to the Communication Services and any actions resulting from your participation in any Communication Service. Managers and hosts are not authorized REC spokespersons, and their views do not necessarily reflect those of REC.
Materials uploaded to a Communication Service may be subject to posted limitations on usage, reproduction and/or dissemination. You are responsible for adhering to such limitations if you upload the materials.Materials Provided to reconsortia.com or Posted on Any REC Web Page
REC does not claim ownership of the materials you provide to reconsortia.com (including feedback and suggestions) or post, upload, input or submit to any REC Site or our associated services (collectively "Submissions"). However, by posting, uploading, inputting, providing or submitting your Submission you are granting REC, our affiliated companies and necessary sublicensees permission to use your Submission in connection with the operation of their Internet businesses including, without limitation, the rights to: copy, distribute, transmit, publicly display, publicly perform, reproduce, edit, translate and reformat your Submission; and to publish your name in connection with your Submission.
No compensation will be paid with respect to the use of your Submission, as provided herein. REC is under no obligation to post or use any Submission you may provide and may remove any Submission at any time in REC's sole discretion.
By posting, uploading, inputting, providing or submitting your Submission you warrant and represent that you own or otherwise control all of the rights to your Submission as described in this section including, without limitation, all the rights necessary for you to provide, post, upload, input or submit the Submissions.Third Party Accounts
You will be able to connect your REC account to third party accounts. By connecting your REC account to your third party account, you acknowledge and agree that you are consenting to the continuous release of information about you to others (in accordance with your privacy settings on those third party sites). If you do not want information about you to be shared in this manner, do not use this feature.International Users
The Service is controlled, operated and administered by REC from our offices within the USA. If you access the Service from a location outside the USA, you are responsible for compliance with all local laws. You agree that you will not use the REC Content accessed through reconsortia.com in any country or in any manner prohibited by any applicable laws, restrictions or regulations.Indemnification
You agree to indemnify, defend and hold harmless REC, its officers, directors, employees, agents and third parties, for any losses, costs, liabilities and expenses (including reasonable attorney's fees) relating to or arising out of your use of or inability to use the Site or services, any user postings made by you, your violation of any terms of this Agreement or your violation of any rights of a third party, or your violation of any applicable laws, rules or regulations. REC reserves the right, at its own cost, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you will fully cooperate with REC in asserting any available defenses.Arbitration
In the event the parties are not able to resolve any dispute between them arising out of or concerning these Terms and Conditions, or any provisions hereof, whether in contract, tort, or otherwise at law or in equity for damages or any other relief, then such dispute shall be resolved only by final and binding arbitration pursuant to the Federal Arbitration Act, conducted by a single neutral arbitrator and administered by the American Arbitration Association, or a similar arbitration service selected by the parties, in a location mutually agreed upon by the parties. The arbitrator's award shall be final, and judgment may be entered upon it in any court having jurisdiction. In the event that any legal or equitable action, proceeding or arbitration arises out of or concerns these Terms and Conditions, the prevailing party shall be entitled to recover its costs and reasonable attorney's fees. The parties agree to arbitrate all disputes and claims in regards to these Terms and Conditions or any disputes arising as a result of these Terms and Conditions, whether directly or indirectly, including Tort claims that are a result of these Terms and Conditions. The parties agree that the Federal Arbitration Act governs the interpretation and enforcement of this provision. The entire dispute, including the scope and enforceability of this arbitration provision shall be determined by the Arbitrator. This arbitration provision shall survive the termination of these Terms and Conditions.Class Action Waiver
Any arbitration under these Terms and Conditions will take place on an individual basis; class arbitrations and class/representative/collective actions are not permitted. THE PARTIES AGREE THAT A PARTY MAY BRING CLAIMS AGAINST THE OTHER ONLY IN EACH'S INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PUTATIVE CLASS, COLLECTIVE AND/ OR REPRESENTATIVE PROCEEDING, SUCH AS IN THE FORM OF A PRIVATE ATTORNEY GENERAL ACTION AGAINST THE OTHER. Further, unless both you and REC agree otherwise, the arbitrator may not consolidate more than one person's claims, and may not otherwise preside over any form of a representative or class proceeding.Liability Disclaimer
THE INFORMATION, SOFTWARE, PRODUCTS, AND SERVICES INCLUDED IN OR AVAILABLE THROUGH THE SITE MAY INCLUDE INACCURACIES OR TYPOGRAPHICAL ERRORS. CHANGES ARE PERIODICALLY ADDED TO THE INFORMATION HEREIN. REAL ESTATE CONSORTIA , INC. AND/OR ITS SUPPLIERS MAY MAKE IMPROVEMENTS AND/OR CHANGES IN THE SITE AT ANY TIME.
REAL ESTATE CONSORTIA , INC. AND/OR ITS SUPPLIERS MAKE NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, AVAILABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THE SITE FOR ANY PURPOSE. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OR CONDITION OF ANY KIND. REAL ESTATE CONSORTIA , INC. AND/OR ITS SUPPLIERS HEREBY DISCLAIM ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT.
REC reserves the right, in its sole discretion, to terminate your access to the Site and the related services or any portion thereof at any time, without notice. To the maximum extent permitted by law, this agreement is governed by the laws of the State of California and you hereby consent to the exclusive jurisdiction and venue of courts in California in all disputes arising out of or relating to the use of the Site. Use of the Site is unauthorized in any jurisdiction that does not give effect to all provisions of these Terms, including, without limitation, this section. You agree that no joint venture, partnership, employment, or agency relationship exists between you and REC as a result of this agreement or use of the Site. REC's performance of this agreement is subject to existing laws and legal process, and nothing contained in this agreement is in derogation of REC's right to comply with governmental, court and law enforcement requests or requirements relating to your use of the Site or information provided to or gathered by REC with respect to such use. If any part of this agreement is determined to be invalid or unenforceable pursuant to applicable law including, but not limited to, the warranty disclaimers and liability limitations set forth above, then the invalid or unenforceable provision will be deemed superseded by a valid, enforceable provision that most closely matches the intent of the original provision and the remainder of the agreement shall continue in effect.
Unless otherwise specified herein, this agreement constitutes the entire agreement between the user and REC with respect to the Site and it supersedes all prior or contemporaneous communications and proposals, whether electronic, oral or written, between the user and REC with respect to the Site. A printed version of this agreement and of any notice given in electronic form shall be admissible in judicial or administrative proceedings based upon or relating to this agreement to the same extent and subject to the same conditions as other business documents and records originally generated and maintained in printed form. It is the express wish to the parties that this agreement and all related documents be written in English.Changes to Terms
REC reserves the right, in its sole discretion, to change the Terms under which reconsortia.com is offered. The most current version of the Terms will supersede all previous versions. REC encourages you to periodically review the Terms to stay informed of our updates.Contact Us
REC welcomes your questions or comments regarding the Terms:
Real Estate Consortia , Inc.
315 Montgomery St. 10th Floor
San Francisco, California 94104
Effective as of February 22, 2019
Privacy & Policy
In this Policy “Services” means the web site, any feature provided by us via that website or any local application (mobile desktop or otherwise), including without limitation wallet services or REC information services, but excluding API services, which are governed by a separate agreement.
Collecting of Personal Information Use of Personal Data
Disclosure of Personal Data Security of Your Personal Data Retention of Your Personal Data Storage of Personal Data
Questions and Complaints
1. Collecting of Personal Information
When you access or use the Services, we collect the following information:
Information you may provide to us: You may give us information about you by filling in forms on our website or through our app or by corresponding with us by phone, email or otherwise. This includes information you provide when you register to use the Services and when you report a problem with the website or with our app. Information we collect about you: With regard to each of your visits to our website or our app we automatically collect the following information:
Login Information: We log technical information about your use of the Services, including the type of browser and version you use, last access time of your wallet, the Internet Protocol (IP) address used to create the wallet and the most recent IP address used to access the wallet.
Device Information: We collect information about the device you use to access your account, including the hardware model, operating system and version, and unique device identifiers, but this information is anonymized and not tied to any particular person.
- Wallet Information: If you create a REC wallet through our Services, you may choose to generate a public and private key pair. When you log out of the wallet, we collect an encrypted file, that, if unencrypted, would contain these keys, along with your transaction history. When you enable notifications through your Account Settings, we will collect the unencrypted public key in order to provide such notifications. Under no circumstances do we ever collect an unencrypted private key from you, nor can we decrypt any wallet file data.
- Transaction Information: In connection with our Conversion Service, as such term is defined in our User Agreement, we may collect and maintain information relating to transactions you effect in your Wallet that convert one Virtual Currency to another (e.g. Ether).
- Information We Collect from Other Sources: We also receive information from other sources and combine that with information we collect through our Services. For instance:
2. Use of Personal Data
As it is in our legitimate interest to be responsive to you and to ensure the proper functioning of our products and organization, we will use your information to:
- Understand and meet your needs and preferences in using our Services;
- Develop new and enhance existing service and product offerings;
- Manage and develop our business and operations;
- Carry out any actions for which we have received your consent;
- Prevent fraudulent or other criminal activity; and
- Meet legal and regulatory requirements.
- We also reserve the right to use aggregated Personal Data to understand how our users use our
We also use third party web analytic tools that help us understand how users engage with the website. These third parties may use first-party cookies to track user interactions to collect information about how users use our website. This information is used to compile reports and to help us improve our website. The reports disclose website trends without identifying individual visitors. You can opt out of such third party analytic tools without affecting how you visit our site – for more information on opting out, please contact [email protected]
We will process your Personal Data legally and fairly and not use it outside the purposes of which we have informed you. So far as we are able we shall ensure that all of your Personal Data is accurate and up to date.
3. Disclosure of Personal Data
We may share your information with selected recipients to perform functions required to operate your REC account on our behalf. All such third parties will be contractually bound to protect data in compliance with our Policy. The categories of recipients include:
Companies within the REC corporate family located in the United States in order to provide the Services to you. Cloud services providers to store certain personal data and for disaster recovery services, as well as for the performance of any contract we enter into with you.
We also may share personal information with a buyer or other successor in the event of a merger, divestiture, restructuring, reorganization, dissolution or other sale or transfer of some or all of REC’s assets, whether as a going concern or as part of bankruptcy, liquidation or similar proceeding, in which Personal Data held by REC is among the assets transferred.
4. Security of Your Personal Data
We protect Personal Data with appropriate physical, technological and organizational safeguards and security measures. Your Personal Data comes to us via the internet which chooses its own routes and means whereby information is conveyed from location to location. As such we cannot give any warranty or assurance that the means where information is conveyed to us are safe, reliable or have integrity. We audit our procedures and security measures regularly to ensure they are being properly administered and remain effective and appropriate. Every member of REC is committed to our privacy policies and procedures to safeguard Personal Data. Our site has security measures in place to protect against the loss, misuse and unauthorized alteration of the information under our control. More specifically, our server uses SSL (Secure Sockets Layer) security protection by encrypting your Personal Data to prevent individuals from reading these Data as they travel over the Internet.
5. Retention of Your Personal Data
The length of time we retain Personal Data outside our back up system varies depending on the purpose for which it was collected and used, as follows:
Data you provide to us when subscribing for our services: while user remains active, stored in the USA. Country Location data: while user remains active, stored in the USA.
Data on your preferences: while user remains active, stored in the USA.
IP address login: until subsequent login from a new IP, stored in the USA.
Except where prohibited by law, this period may extend beyond the end of the particular relationship with us but only for so long as we are contractually bound to do so, or so far as is necessary for audit, regulatory or other accounting purposes. When Personal Data are no longer needed we have procedures either to destroy, delete, erase or convert it to an anonymous form.
After you have terminated your use of our Services, we reserve the right to maintain your Personal Data as part of our standard back-up procedures in an aggregated format.
6. Storage of Personal Data
REC stores your Personal Data at secure locations in the USA. REC has ensured that appropriate security standards are in place regarding the safeguarding, confidentiality and security of Data. For Residents of the EU, the information that we collect from you will be transferred to, and stored in, destinations outside of your country and the European Economic Area ("EEA") as described below:
Privacy Shield: The personal data that we collect from you will be transferred to, and stored at/processed by REC which complies with the US Department of Commerce's EU-US Privacy Shield and Swiss–US Privacy Shield and has certified that we adhere to the EU-US Privacy Shield Principles of Notice, Choice, Accountability for Onward Transfer, Security, Data Integrity and Purpose Limitation, Access, Recourse, Enforcement and Liability. For more information about the EU-US Privacy Shield Framework and Swiss-US Privacy Shield Framework, visit the U.S. Department of Commerce's Privacy Shield website.
Adequacy Decision: The personal data that we collect from you will be transferred to, and stored at/processed in, the UK via encrypted communications channels and stored on hardware owned by REC for the purpose of operation of Services and disaster recovery, which were found to have an adequate level of protection for personal data under Commission Decision 2000/518/EC of 26 July 2000.
Model Clauses: The personal data that we collect from you will be transferred to, and stored at/processed in the EU via encrypted communications channels and stored on hardware owned by REC for the purpose of operation of Services and disaster recovery, under the Commission’s model contracts for the transfer of personal data to third countries (i.e., the standard contractual clauses), pursuant to Decision 2010/87/EU.
7. Your Rights
If you are resident in the EU, in certain circumstances you have the right to access and receive a copy of information we hold about you, to rectify any personal data held about you that is inaccurate and to request the deletion of personal data held about you. Any access request after the first such request by you may be subject to a reasonable fee to meet our costs in providing you with details of the information we hold about you. You also have the right to data portability for information you provide to us – this means that you can obtain a copy of your data in a commonly used electronic format so that you can manage and move it. You may have the right to restrict or object to the processing of your personal data by us. You can exercise your rights by contacting us at [email protected]
By using the Services, you signify your agreement to this Policy. REC reserves the right to change this Policy at any time. If we make any material changes to this Policy, the revised Policy will be posted here and notified to our users at least 30 days prior to the changes taking effect, so that you are always aware of what information we collect, how we use it and under what circumstances we disclose it. Please check this page frequently to see any updates or changes to this Policy
9. Questions and Complaints
Any questions about this Policy, the collection, use and disclosure of Personal Data by REC or access to your Personal Data which is required by law (or would be so subject had the storage in question taken place in a relevant EU member state if the case may be but not otherwise) to be disclosed should be directed to [email protected] In the event that you wish to make a complaint about how we process your personal data, please contact us in the first instance at [email protected] and we will endeavor to deal with your request as soon as possible. This is without prejudice to your right to launch a claim with the data protection supervisory authority in the country in which you live or work where you think we have infringed data protection laws.