The fact is: Timeshare is real estate and when buying a timeshare the buyer should use the services of a timeshare resale broker.
If you are considering buying a timeshare in Hawaii it is important to make sure you are dealing with a timeshare broker licensed in the State of Hawaii, such as Advantage Vacation. By working with a licensed professional you are assured that every transaction is in compliance with Hawaii state laws and that you will receive the appropriate disclosure statements and rescission period. A licensed timeshare broker is required to provide you with disclosure statements and rescission rights for Hawaii timeshare sales while most non-Hawaii brokers don’t offer disclosure statements.
On April 23, 2010 the Commissioner of Finance passed a Bill (SB2921 SD1 HD1) which stated that “all Hawaii real estate closings must be conducted by a Hawaiian licensed corporation”.
The Bill “requires any person operating as an escrow depository for any property located within the State of Hawaii must be a corporation licensed by the Commissioner of Financial Institutions in order to do so”.
It further states that “no person shall act as an escrow depository from an out-of-state location for property located in the State of Hawaii”.
The Act took effect on July 1, 2010.
Advantage Vacation is a member of the American Resort Development Association (ARDA) and offers the best buys on the timeshare resale 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 have been in the timeshare industry for over 30 years and are Accredited Members of The BBB with an A + Rating.
Advantage Vacation is using Twitter and Facebook to help educate people on the changes in the timeshare industry along with current timeshare tips, up to date timeshare news and timeshare FAQ’s.
We hope you will follow us and our blog, Timeshare Blogging by Advantage Vacation and 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 resales. Our business has been built on relationships and we pride ourselves on providing excellent service to our clients.
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