Timeshare Resale Accountability Act Effective July 1st

The governor of Florida recently signed the new state timeshare law. The Timeshare Resale Accountability Act is a start in controlling and controlling timeshare resale fraud. This new law requires all enterprises to provide the contact info of the buyer who is interested in buying the timeshare from a seller. This prevents businesses from claiming they have a customer when in reality they don't. Though this new law does not prevent and cover all scams it's a good start in protecting timeshare owners. 

Effective July 1st the Timeshare Resale Accountability Act insures that all enterprises will face a penalty if they exaggerate having a consumer waiting to get a timeshare from a seller, if they collect payments from the sellers before a written agreement is signed by the vendor, and if they do not honor the seller's right to cancel within seven days of signing the contract or fail to supply a refund inside 20 days of the cancellation date. 

Though this new law is amazing, it only protects timeshare owners from some cons and only in Florida. Many consumer advocates, like Transfer Smart, hopes to inform timeshare owners of the likely scams out there. The key condition of this law is to make certain that all businesses who tricks a seller into stumping up for a non-existent service. 

But another scam this law doesn't protect timeshare sellers from is agencies who charge an upfront charge to help sell a timeshare. In many instances, these firms guarantee to help sell a timeshare, but end up vanishing after they receive compensation from the vendor. Trying to get a repayment is also very unlikely because in most situations the phones are disconnected and emails remain unanswered. Additionally, this act fails to address unsanctioned resellers and doesn't control high-pressure sales pitches. These high pressure sale methodologies sometimes offers free or discounted vacations or other motivations as long as you go to a timeshare show. 

As of today, the Timeshare Resale Accountability Act applies only to Florida usually because over 1/2 of all timeshare properties are located there. Additionally, Florida initiatives are infrequently in a position to help discourage timeshare scams across the U.S. The following steps in the search of obliterating all timeshare resale crime are to push for the closure of loopholes in Florida's legislation and for similar legislation to be passed in states like Hawaii and California. 

If you wish to really get rid of your timeshare forever without being conned, contact Transfer Smart today. Transfer Smart has already helped many timeshare owners' escape from their timeshares and they continue to do so today.