Posts Tagged ‘ARDA’

International Timeshare Convention Held in Las Vegas

Monday, March 22nd, 2010

Las Vegas

I’ve just returned from Las Vegas where I attended, for the first time, the yearly convention for the timeshare industry.  It is held by ARDA, The American Resort Development Association which is the Washington D.C.-based professional association representing the vacation ownership and resort development industries. Established in 1969, ARDA today has nearly 1,000 corporate members ranging from privately held firms to publicly traded companies and international corporations with expertise in shared ownership interests in leisure real estate. The membership also includes timeshare owner associations (HOAs), resort management companies, and owners through the ARDA Resort Owners Coalition (ARDA-ROC).

The convention is geared toward the timeshare developer and the ancillary companies that service them while this blog is aimed at the timeshare consumer but I came away with a very positive feeling for the industry.  Certainly the current economic climate has taken its toll, but the best minds in the industry were there to put on educational sessions to deal with this and other factors affecting the industry.

While surviving in difficult economic times was certainly one of the focuses of the convention, ARDA also sets the standards and identifies best practices and innovations for the industry.  There were sessions on going green, running an effective HOA, understanding today’s leisure traveler, innovative ways to improve owner satisfaction and fundamentals of resort management – all of which will contribute to timeshare owner’s enjoyment and satisfaction.

ARDA also does a great job lobbying in Washington DC for timeshare owner rights.  They have been instrumental in keeping us from having to pay transient hotel taxes when we do an exchange in many parts of the country.  They are a nonprofit so feel free to make donations.  To learn more about this very important and useful organization click here.

The most exciting thing for me personally was that RCI has a copy of my Timeshare Exchange Bible – RCI Weeks Edition and has read some of the articles I’ve done about them.

At first I thought that they would now put out their own Bible to compete with mine.  But to my surprise, RCI encouraged what I was doing and offered me assistance in getting out information on another of a long line of product and service enhancements they have been making of late due out later this year.  Rather than seeing me as their competition they want as many timeshare owners as possible to understand the best procedures of getting a good timeshare exchange.

All RCI members are going to be greatly pleased by what they will be rolling out regardless of where they own.  In my opinion, what RCI is doing will be considered one of the great leaps forward in the timeshare industry since its inception.

RCI has already broken the mold with RCI TV and continues to strive to improve their service.  But I promised not to tip my hat early on this so you’ll have to wait until later this year.

I also got to speak briefly with Howard Nusbaum, President and CEO of ARDA, about The Timeshare Exchange Bibles and he asked me to send him copies.  He also thinks it imperative to educate timeshare owners on the art of getting good exchanges.

Refer back to this blog for further updates and be the first to learn of the new RCI enhancements when they pull the trigger.

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Jeff Pierce, The Timeshare Expert, has taught thousands of timeshare owners the secrets to getting the best exchanges with both RCI and Interval International for over 21 years.

His two books, The Timeshare Exchange Bible – RCI Weeks Edition, and The Timeshare Exchange Bible – Interval International, are the only books of their kind in the timeshare industry and designed to help you  master at the very complicated art of getting good exchanges.

I would love to have you share your opinions and personal insights on this blog.

For 10 FREE videos on getting better timeshare exchanges in RCI and II go to TheTimeshareExpert.com.

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The 10 Biggest Mistakes When Selling Your Timeshare Part 3

Wednesday, January 9th, 2008

Mistake 3:  Not checking out the company’s credentials

Finding a well-established timeshare resale company that doesn’t charge an upfront fee will be your biggest challenge.  The best companies will not only be listed with the Better Business Bureau, but also should have a Real Estate Broker license.  You can check out a company with the BBB by going to it main page at www.bbb.org, entering the zip code of the resale company’s location to get to the local BBB chapter.  You can then enter either the phone number, address or name of the company to see if there has been any complaints, how they were resolved and what rating BBB gives them. 

Find out if the company is a member of the American Resort Development Association, ARDA, the respected trade organization that expects its members to abide by a set of ethical guidelines when selling timeshares.

You can also check with the Department of Real Estate where the company is located to see if is a licensed Real Estate Broker.

You now have three very powerful agencies to report to if you do have a legitimate complaint.

Mistake 4:  Trying to sell your timeshare before it’s paid off

Depending on how much money you owe on your timeshare, you may not be able to sell it.  If you still owe $10,000 on your timeshare and it will only sell for $3,000 you’d have to pay off the $10,000 first. Most likely the mortgage note you signed promising to pay is non transferable.  The disreputable resale companies, after finding out you still owe $10,000, on your timeshare will tell you they will list it for $15,000 just to get a listing fee.  And there it will sit never to be sold.