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Is 'The Timeshare Agents' company just another scam?
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11/2/2010 11:50 AM (PST)

Has anyone heard of or worked with a timeshare company called 'The Timeshare Agents'. Here is their info:

www.thetimeshareagents.com
8391 Beverly Blvd #190
Los Angeles, CA 90048
email: info@thetimeshareagents.com

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11/2/2010 2:50 PM (PST)

Hi Deb,

I was not able to locate a BBB report on the company and I didn't find much about them on Google either. This is generally a red flag for us because a well established company should have a fairly large web presence, even if they don't have a report at the BBB. According to the whois.net database, the company registered their website in January of this year so they are very new.

Typically, these companies make a lot of promises about their abilities and claim that there is an army of people dying to purchase timeshares, and all of this will be available to you if you pay them the requested fee.

Reality is completely different. The truth is that timeshares are next to impossible to sell. There's almost no secondary market for timeshares, especially given the current economy and all of the problems in the housing market. Furthermore, if there really was a strong secondary market, these companies wouldn't have to charge a fee, they could make more money charging commissions on sales. The bottom line is that you should not pay any upfront fees to sell your timeshare to somebody else. Check out the Florida AG's website also:

There are legitimate title transfer companies that will actually purchase a timeshare, and the benefit to the timeshare owner is that when closed, it gets them out from under the continuing obligations for common area fees. But the whole industry is hot with scams and fraud.

Be aware of a sequence of slick sales tricks - here are some scenarios:

1) The timeshare company offers to list your timeshare and you pay them a marketing fee, but after a few months when it doesn't sell they try to upsell you into an upgraded marketing package of some sort for more exposure (and more money) with so called guaranteed results.

2) After a few months of it still not selling they then offer to do you a favor and take it off of your hands for free so that you don't have to pay the monthly maintenence fees. The monthly expenses are a cost burden to many people who become desperate to get out from under these. These companies know that and use it against you.

3) They try to convince you to turn over the timeshare and "take it off of your hands" for free - now they really start marketing your timeshare, which they now own, and they sell it at a profit. The point is that the only timeshares they are actually selling are the ones that they themselves own through their process of psychologically wearing down so many timeshare owners and convincing them to give up their timeshare properties.

You can search for legitimate title transfer companies on bbb.org by visiting http://www.bbb.org/us/Find-Business-Reviews/ and looking for an Accredited Business. Also, if you find a company that you're interested in doing business with you can inquire about them at bbb.org or feel free to post here on TrustLink.

Good luck!

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5/22/2014 8:48 AM (PST)

Most timeshare companies are taking advantage of people, often those who are more vulnerable and less able to resist hard sales tactics. I have heard of many cases where maintenance costs rise well above inflation. It would appear the timeshare companies lock people into contracts and then drive up their profits though increased maintenance charges. It would be good to see legislation whereby timeshare companies can only charge "reasonable" maintenance costs and not use this annual fee to fleece people's bank accounts: http://www.timesharescam.com/blog/115-timeshare-companies/

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