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The Timeshare Broker Beat: Bringing you up to date information about the timeshare industry - from tips on scouting out the hottest new property to scam alerts for protecting yourself when buying or selling timeshare.

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Subscribe to this list via RSS Blog posts tagged in Timeshare Scams


$6.3 Million Judgement against Timeshare Resale ScammersThe attorneys at Ballard Spahr have just released word that The Federal Trade Commission and the U.S. District Court for the Middle District of Florida have entered a final judgment and settlement against a number of fraudulent timeshare resale companies who employed illegal telemarketing techniques to bilk timeshare sellers out of thousands of dollars.

The Scam

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Posted by on in Timeshare Scams

REALTOR_logoWe're always advising timeshare sellers to check the licensing of a potential timeshare broker before they do business with them.

Checking a broker's licensing is one of the most reliable ways to ensure the reputability of a given real estate broker; but it's come to our attention that not many people know how to check a broker's licensing.

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Ten Signs it's a Timeshare ScamEvery year millions of people fall victim to scammers when trying to buy a timeshare or sell their timeshare. In fact, a recent Forbes article stated that "timeshare gripes were the fastest-growing category” of consumer complaints in 2012.

The unfortunate truth is that timeshare scammers prey on vulnerable individuals who are often in desperate financial situations. But don't lose hope. If you know what to look for, you can easily spot a potential timeshare scammer. If your potential reseller meets any or all of the criteria below, back away slowly. These warning signs don't necessarily indicate a timeshare scam, but they should raise a few red flags.

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FTC_LogoUnder a settlement with the Federal Trade Commission, Albert M. Wilson, owner and manager of Vacation Property Services, Inc. has been permanently banned from the timeshare resale and rental business, and from all telemarketing. The settlement order also imposes a judgment of more than $4.2 million. 

The case is part of the FTC’s ongoing effort to crack down on scammers who use fraud and deception to take advantage of consumers in financial distress.

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It’s finally official – this week, Florida Governor Rick Scott signed Florida’s Timeshare Resale Accountability Act into law.

The main goal of the Timeshare Resale Accountability Act is to protect timeshare sellers from deceptive or unethical business practices and timeshare scams. Unfortunately, the economic climate of recent years has contributed to timeshare resale scams being Florida's No. 1 fraud complaint.

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