Deceptive Sales Practices
Does Any of this Sound Familar? If so, RTG Can Help!
Timeshare as a Financial Investment
Were you told that your purchase will increase in value, sell at a greater price, or due to location it is worth more than other locations?
Timeshare Rental and Resale
Any mention or promise that you would be able to sell their timeshare for a profit, that the timeshare company will buy it back, or being able to rent their unit, points, or weeks to cover the cost of maintenance fees, mortgage, and any other costs.
Timeshare Maintenance Fees
You MUST be given the opportunity to understand what maintenance fees are and that they do go up with time. Any mention that they never go up or that they can be offset must be investigated further.
False Sense of Urgency
Any means possible to get you to think that they must buy today, or they will not get the same deal, or they will never be able to tour again.
Timeshare tours are to last 90 minutes. When the tour length gets over 3 hours there may be coercion and needs to be investigated.
All owners must be afforded the right to fully understand their right to cancel their timeshare contract. This rescission period must be shown, explained, and signed by all owners.
Timeshare Owners must be given the opportunity to understand what an exchange is, how it works, and that there are fees associated with exchanges. Any mention to never paying exchange fees must be investigated.
Any meetings other than a prescribed sales presentation is against timeshare regulations. Dinner parties, party weekends, owner’s updates, or any other name for a reason to get the owners to meet for a sales presentation.
Timeshare Tax Incentives
Was there any mention of a timeshare or the trip being a tax break or incentive?
Timeshare Closing Process
Any and all documents that require a signature or an initial must have been fully explained by the closing agent. Many times this process will be rushed or hurried to get the owners out the door without asking questions. That is a violation of timeshare regulations and is another way in which Resort Termination Group can help.