Agent

Outsmart timeshare hucksters

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Scammers love to prey on consumers who are at their most vulnerable -- during difficult economic times -- and the timeshare business isn't immune from their damage, according to an industry leader who is warning would-be timeshare sellers to tread cautiously. Indeed, attorneys general in Arkansas, Massachusetts, North Carolina and Oklahoma recently have issued warnings about dubious timeshare-resale companies -- particularly about reseller companies charging upfront fees that might run into the thousands of dollars, according to Howard Nusbaum, chief executive of the American Resort Development Association (ARDA), a trade group. "This economy brings out the best and worst in people," said Nusbaum, who warns that timeshare owners who promise huge profits at resale aren't to be trusted. Nusbaum estimates there are more than 5 million timeshare owners, representing properties at about 1,650 resorts in the United States. Five things to keep in mind in order not to ...