Tuesday, September 4, 2007
RULES of ENGAGEMENT with Resale Companies
RULES OF ENGAGEMENT WHEN WORKING WITH RESALE ORGANIZATIONS
#1 Rule
Make sure you confirm the firm you are speaking with is Licensed as a Commercial Telephone Seller and is a Bonded firm.
Rule #2
Be wary of companies offering gimmicks, such as money-back guarantees, in order to get your listing fee and say it WILL be sold within 30 to 45 days.
Rule #3
Resale of property is not an overnight process. Do not expect immediate results, but don’t hesitate to check on the progress your company is making on reselling or renting. MAKE sure the firm has an Incorporated Advertising Firm and not just some good name they marketed to you.
Rule #4
A firm engaged in timeshare resale activities shall not require an appraisal of the timeshare interest as a condition of accepting the listing.
Rule#5
Most people look at timeshare like normal real estate.
However, it is FAR from it. So DON’T.
Normal real estate is that of a product that is a necessity not a pure luxury.
Whereas timeshare is a pure luxury and an expensive one if that.
Putting a 3-line text ad in the local newspaper is NOT going to sell a timeshare. So, don’t let yourself get sold on that idea.
Oh…would you want to get paid $270 for working harder then selling a residential home? So don’t expect normal real estate licensed pro’s either!
Rule#6
Did you pay cash?
DON’T expect any prospects to pay CASH for your timeshare resell either!
Make sure you confirm with any firm you are working with that they have a legitimate relationship with Licensed Financial Professionals.
At BEST, they should have some type in-house documents they can send you to show this. So, why not ask?
Rule#7
If you are working with someone over the phone…Make sure the firm has you go through a recorded call for verification purposes to verify all that they are going to do for you.
