Tip 2 - Broker Information

Before committing to work with any specific licensed broker, you should ask the broker for a copy of their information package. This package should explain in detail the type of services the broker intends to provide and the fees involved. Most brokers will ask for a small upfront fee for listing a timeshare and a good faith deposit of from 5 to 10% to make offers for a potential buyer. In most cases the seller will also pay a commission of from 10 to 30% at the close of escrow. In any case the broker's information package should clearly spell out the purpose of these fees and any refunds that apply.

NEVER GIVE YOUR CREDIT CARD NUMBER OR SEND A CHECK TO ANYONE INCLUDING A LICENSED BROKER, UNTIL YOU HAVE SEEN THEIR INFORMATION PACKAGE.

Broker information packages should include:

1. How broker's program works.
2. How broker exposes or finds timeshare inventory.
3. Fees, commissions or deposits required.
4. Broker's experience and background data.
5. Sample listing agreement or deposit receipt.

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