We has recently contacted an LTRBA approved dealer in an attempt to sell our Hilton Head timeshare.
As part of the listing agreement the following was included in the Listing Terms and Conditions:
"Owner(s) acknowledge that they give Agent permission to sell the Week(s) without contacting the Owner if an offer within 50% of the target price is received. Owners are obligated to sell the weeks if Agent presents a legitimate written offer ... that is within 50% of the target price."
If I chose not to accept, then I am liable for the full commission as if the Week(s) had been sold for the price offered.
The listing target is $9000 -- not an unreal price for the week, but the 50% proviso means that they could sell for $4500 without my acceptance.
Is this a normal practice??
Fred B.