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Timeshare Tips, Topics and Recent Events


The following information regarding the purchase and resale of timeshares is a summary of information that can be found at the Federal Trade Commission, Minnesota Attorney General and American Resort Development Association websites.  Please consult these resources for more information.

Purchasing a Timeshare:

  1. Compare the cost of purchasing and owning a timeshare with the cost of staying at a hotel room in the resort area you are considering.  Be aware that timeshares carry additional fees, such as monthly maintenance, taxes, brokerage fees and finance charges.
  2. Timeshares located outside the country do not carry the same consumer protections that otherwise might be available domestically.
  3. Know your cancellation rights before you sign any contracts.  If a right of rescission is not among the contract terms, ask that it be included in the final contract.
  4. Use an escrow account controlled by a licensed third party if purchasing undeveloped property.  If it is developed, visit and inspect it carefully prior to signing a contract.
  5. Always consult with a real estate attorney prior to signing a contract. 
  6. Timeshares offered or sold to people in Minnesota must be registered with the Minnesota Department of Commerce.  Call 651-539-1625 or 651-539-1631 to find out if the project is registered.

The Federal Trade Commission provides a wealth of information for individuals to consult prior to making a timeshare purchase.

Timeshare Resale Scams


Timeshare reseller scams have multiplied over recent years and companies or individuals posing as resellers have scammed individuals out of thousands of dollars through false promises and upfront fees.

  1. Always check with the Minnesota Department of Commerce to confirm the licensing claims of any reseller.  Anyone selling timeshares in Minnesota must have a Minnesota real estate license.  Companies selling advertising space are not required to be licensed.
  2. Resellers identify timeshare owners through public databases and real estate records.  An agent will cold call or mail offering resale terms that are too good to be true.  Be very cautious of high pressure sales tactics and offers requiring you to pay upfront fees prior to the sale.  These tactics are a red flag the offer could be a scam. 
  3. A quick search of the caller, address or reseller contact information on an internet search engine will quickly expose a fraudulent company.  Do this before signing a contract or sending any money.
  4. Resale values are generally a fraction of the original purchase price.  Anyone offering a purchase price that sounds too good to be true is too good to be true.

Please read this article from the Office of the Minnesota Attorney General for additional information.

Timeshares and Subdivided Land News and Information 


Timeshare Enforcement Actions

Date Type of Order Subject of Order Case Name
05/28/2013 Cease and Desist Order Platinum Resort Services (.pdf) In the Matter of Platinum Resort Services (Press Release)
05/28/2013 Cease and Desist Order ABS Consulting (.pdf) In the Matter of ABS Consulting
05/28/2013 Cease and Desist Order World Event Management (.pdf) In the Matter of World Event Management
05/28/2013 Cease and Desist Order Net Management Group and Matthew Guzman (.pdf) In the Matter of Net Management Group
05/28/2013 Consent Order Twin Cities Property Advisors (.pdf) In the Matter of Twin Cities Property Advisors
05/28/2013 Cease and Desist Order World Transfer Title and Premium Properties Management (.pdf) In the Matter of: World Transfer title and Premium Properties Management
05/28/2013 Cease and Desist Order Integrated Escrow Services and Global Properties Specialists (.pdf) In the Matter of: Integrated Escrow Services and Global Properties Specialists
05/28/2013 Cease and Desist Order Concord International Title and Continental Property Solutions (.pdf) In the Matter of: Concord International Title and Continental Property Solutions


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