RBA - In The Press
For Immediate Release
RBA STARTS TIMESHARE RESALE SELF-REGULATION IN
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)
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