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Tip 24 - Rentals Comparable Exchange Option Questions 1. How long has the company been exchanging weeks? 2. Does the company have adequate exchange weeks? 3. Does the company provide nationwide coverage? 4. Is the company a licensed timeshare resale broker? 5. Do you have 1 year to exercise your exchange option? 6. Is your total exchange fee less than $100 Reasonable Compensation Analysis 1. Potential buyers and renters are looking for a rental bargain - price unit accordingly. 2. Your goal should be to cover your maintenance fee. 3. One approach is to ask 2 times your maintenance fee. 4. Another approach is to ask 50% of comparable hotel rack rates. 5. Each approach will probably translate into an asking rental price of anywhere from $300 to $3,000 per week. 6. Expect to pay a commission of anywhere from 20% to 50% (subject to a minimum) of the rental price. |