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January 4, 2008, Newsletter Issue #79: Broker Information
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Tip of the Week
Before signing a legal contract to work with any individual licensed broker, inquire about their informational package and request a copy. Enclosed should be a complete, in depth explanation of the type of services the broker plans to provide and the fees involved. Nearly all brokers will ask for a minor upfront fee for listing a timeshare and a good faith deposit that ranges any where from 5 to 10% to make offers for a prospective buyer. In most situations the seller will also pay a commission of 10 to 30% at the close of escrow. Read the broker's information package from beginning to end so there will be no hidden surprises in this area!
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