NC-RETS is not an exchange. An exchange matches buyers and sellers in a transaction, and NC-RETS does not do this. Buyers and sellers may identify each other using reports and public documents provided by NC-RETS, but deal negotiation and financial transactions happen outside the system. Once the financial transaction occurs, the seller uses NC-RETS to transfer certificates into the buyer’s account. So NC-RETS is the system of record to complete the physical transaction, perform the transfer, and reflect the sale. NC-RETS has a bulletin board that allows REC owners to post information regarding RECs they have available to sell.
Posted in: About NC-RETS