Timeshare Resales Worldwide
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Licensed Broker


410 S. Santa Fe Ave
Suite 103
Vista, CA 92084

Toll Free (800)297-0977

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Timeshare Resales Worldwide

 

Timeshare Answers Guide

 

About listing a timeshare for sale.

 

Understanding the consequences of various types of listings.

 

There are basically four types of listings used by licensed real estate brokers.

 

1. Non-Exclusive Listing

 

This type of listing allows the seller sell the listing by owner, or to list with multiple brokers. The majority of brokers will not accept this type of listing: They feel that if they are going to actively spend money to market the timeshare, they do not want to spend marketing funds only to find out the listing was already sold by another entity. MLS Listings Services also will not accept a non-exclusive listing. They require an exclusive listing. They want the brokers to be highly motivated to sell the listing and to put funds and diligent effor into finding buyers, and they know that brokers will not work on open listings. Exclusive listings prevent the caos that would ensue if two brokers submitted the same listing.

 

2. Exclusive Right to Sell. Also known as an Exclusive Listing.

 

With the type of listing, the seller is giving the broker the exclusive right to sell the property.

If it sells, no matter who sells it, the Broker is due his/her commission.

 

Use this type of listing if you are confident in a particular broker and you want and expect him/her to actively use his expertise and marketing funds to sell your listing.  Timeshares are so difficult to sell, many leading licensed brokers expect this type of listing.

 

3. Exclusive Agency

 

This type of listing gives the right to sell to only one agency. The seller can sell on his own, but not through any other broker, without the liability of paying a commission to the listing broker if the property is sold. This type of listing isn't used much anymore. Listings are generally open, exclusive, or net

 

4. Net Listing

 

In a net listing, the seller agrees to a net price on close of sale, and the broker can keep any amounts in excess of that net amount regardless of the ultimate sales price.

 

The net listing has the advantage that it is very clear and simple; the seller is to get x amount of dollars and the broker pays all expenses and must sell it for enough to cover his/her costs and earn a commission.

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Most states require a licensed real estate broker to disclose the amount of commission.

 


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