RBA - In The Press
For Immediate Release
RBA MEMBERS COMMIT TO WORK WITH STATE REGULATORS
LOS ANGELES--- At their annual meeting held last week in Las Vegas during
the ARDA convention, the RBA founding members unanimously agreed to work with their
state regulators to implement self- regulation programs for the timeshare resale
"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 state regulators of all non-complying companies added Collura.
At last years annual meeting, 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.
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