RBA - In The Press

For Immediate Release

RBA STARTS TIMESHARE RESALE SELF-REGULATION IN CALIFORNIA

LOS ANGELES--- California members of the Resale Broker Alliance (RBA) began their self-regulation program earlier this month by notifying out-of-state brokers of possible CA Department of Real Estate (DRE) violations.

"Self-regulation and compliance with the various state laws regarding resales is essential in protecting the consumer and establishing a viable secondary market for the timeshare industry," said CA RBA founding member Mario Collura. Naturally we hope that self-regulation will work in most cases, but if not; the next step will be to notify the DRE of all non-complying companies added Collura.

In April of this year the founding members formally announced a set of 11 guidelines to promote the orderly growth and self-regulation of independent timeshare resale brokers. These guidelines addressed the areas of experience, licensing, escrows, title insurance, full disclosure to the consumers and a co-operative working relationship with other RBA members.

To obtain more information about RBA, contact one of the
founding members or call Mario Collura of TRI WEST at (800)
423-6377.