With nearly 25 percent of all timeshare resorts in the United States located in Florida these timeshare resort properties represent a large and growing share of Florida’s tourism market. The passing of the Timeshare Resale Accountability Act (TRAA) provides proactive legislation which is vital in protecting timeshare owners and legitimate timeshare related businesses.
Marriott Lakeshore Reserves in Orlando, Florida
Advantage Vacation applauds the Florida Legislature on the passage of The Timeshare Resale Accountability Act (TRAA). This Act was initiated to protect Florida consumers from deceptive marketing practices conducted by fraudulent timeshare resale companies that have targeted consumers under the guise of offering a service to help timeshare owners sell their timeshare product. The passage of this bill ensures that timeshare owners mustnow be given more information in order to make better decisions about purchasing timeshare resale services. The legislation is designed to give greater transparency and will require, among other things, timeshare resale companies to disclose all terms and conditions of their business relationship with a consumer, provide for a right of rescission for consumers to cancel a contract for resale services, and impose penalties on companies who continue to engage in deceptive practices.
“Florida has taken a giant step in providing consumer protection against fraudulent and deceptive business practices utilized by unsavory timeshare resellers,” said Howard Nusbaum, president and CEO of ARDA. “The timeshare industry plays an increasingly significant role in Florida’s recovering economy as tourism returns and grows in the state. ARDA and ARDA-ROC salute Attorney General Bondi, Senator Andy Gardiner, and Representative Eric Eisnaugle for their hard work that made this a reality,” Nusbaum continued.
The American Resort Development Association (ARDA) and the American Resort Development Association Resort Owners’ Coalition (ARDA-ROC) celebrated the Florida Legislature’s passage of the Timeshare Resale Accountability Act, sponsored by Florida State Senator Andy Gardiner and Florida State Representative Eric Eisnaugle and supported by Florida Attorney General Pam Bondi.
ARDA and ARDA-ROC are also supporting resale legislation in other states such as Colorado and Utah. The resale legislation is aimed at targeting fraudulent resale company practices and focuses on a different but equally important area of consumer protection related to services offered by timeshare transfer companies.
The timeshare industry continues to work to ensure transparency in both the buying and selling process of timeshare intervals. Over the years, ARDA and its members have provided information on the resale process to consumers, monitored resale company practices, held symposiums for its members, and created think tanks with industry leaders to discuss the best solutions to ensure consumer protections and adherence to resale standards.
Advantage Vacation, a member of ARDA and licensed timeshare resale broker, has some great prices on Florida timeshare resales in several popular locations around the state.
Advantage Vacation is a member of the American Resort Development Association (ARDA) and offers the best buys on the timeshare re sales market today. We never charge an upfront fee for clients who want to sell a timeshare and only receive a commission, paid from escrow, when the transaction is closed.
We are leaders in the timeshare resale secondary market, have been in the timeshare industry for over 30 years and are Accredited Members of the BBB with an A+ Rating.
We hope you will follow us and our blog, Timeshare Blogging by Advantage Vacation for the latest news and reviews. If our site does not answer your question or questions, please email us your question and we will answer it and add it to our library. Make your voice heard – what questions do you have?
At Advantage Vacation you can be assured you are working with professionals who believe that honesty and integrity are the most important aspects of the business they are in – timeshare re sales. Our business has been built on relationships and we pride ourselves on providing excellent service to our clients.
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