- About Us
- Image Gallery
Published on : Thursday, November 7, 2013
The American Resort Development Association (ARDA) has released an infographic to help timeshare owners navigate the often thorny secondary market during the sale of a timeshare product. Due to an overcrowded, confusing, and unregulated timeshare resale marketplace, owners often fall victim to unscrupulous resellers and misinformation.
According to the timeshare industry, the need to educate consumers is the best offense while it works in lockstep with state lawmakers to rein in the bad players.
“We have worked closely with the Federal Trade Commission (FTC) and many states to educate consumers about how to avoid scams in the secondary market,” said Howard Nusbaum, president and CEO of ARDA. “We encourage anyone trying to sell their timeshare to take the time to understand their options and to use the resources available to them.”
The ARDA resale infographic is the latest effort by the industry to outline steps for consumers to avoid the “wild west” environment of the crowded resale marketplace. The full infographic is available here.
The incidents of reseller-related scams are growing as owners are reporting them to the appropriate authorities more frequently, and lawmakers are taking steps to put stronger protections in place. ARDA has released ten consumer advisories about specific bad practices and created a section on its advocacy-based website devoted to resale resource information.
Florida passed the Timeshare Resale Accountability Act to protect timeshare owners from timeshare resale fraud in Florida. “By strengthening Florida’s timeshare resale laws and focusing on marketing and advertising practices, we can protect timeshare owners from unscrupulous companies that may try to scam them during the resale process,” said Florida’s Attorney General Pam Bondi.