.REIT represents the worldwide Real Estate Investment Trust community. REITS are companies that manage and own commercial real estate that brings in a working profit. The U.S. is home to the majority of REITs, but this group has expanded in the last 60 years to include many nations, across all continents. By developing this TLD, the REIT community will create a credible and trustworthy namespace for better serving clients, networking within the group, and enabling promotion.
There is no specific procedure related to the registration of a domain name.
.reit domain names are allocated on a "first come, first served" basis.