resort equity marketing

juliac53 wrote:

Thay were going to offer me even more money. They stated all they received was 1,299 for selling our time share. I thought that did not sound bad for selling. (I was assuming it would be paid at closing) Julia

They (and others) will claim the money is for advertising. Now why do they need advertising if they supposedly have a buyer.

kristenh56 wrote:

I actually just filed a complaint with the Federal Trade Comission and FL state... I would encourage anyone else to do the same. I am trying to get my money back right now, but I was notified via mail that they will be investigating my complaint. It would be nice to at least get my money back...

Keep us posted. Many people talk about filing complaints with their AGs, etc. but this is the first time I heard of a possible investigation. And I hope they really will follow through with the investigation.

So I finally got my money refunded from this company. I filed a complaint with FL state through the consumer protection and they sent a copy of my complaint to RIU. Within 2 weeks the company refunded my money. What I would suggest to anyone in my situation is carefully examine your contract. I did some research on the FL state statues under telemarketing and there are certain things that were supposed to be included on the contract that weren't. Also, I mentioned in my complaint that the company asked for my credit card info upfront which I believe they are not supposed to do. They also didnt give me a copy of my contract until AFTER they charged my card. Hard lesson learned but I would reccommend that anyone in my situation fight to get your money back!

Forget about RCI... try DAE.com or Redweek or tpmaui or some other exchange company.

Wow.... wonder if GMAC Timeshare is doing the same thing? They got $1,000 out of me last May, right before I had major surgery, by telling me that they'd "probably have a buyer for me this weekend." There was an event going on and.....who-rah....blah..blah.....they could sell it for $28,000, but they just needed $1,000 from me. Of course, they needed it before the big event. I was having surgery and didn't know how long I'd be out of work, so I got sucked in ...and the saga continues........ I'd really like it sold or my money back. My husband just lost his job on Monday.

sooo now REM contacts me today. He explains how REM is not like them. Their fee is for advertising. He's sorry to hear about my situation with GMAC Timeshare, but For $395 he can have my timeshare points rented for $8,000 within the next 30-45 days. There is an event at the convention center tomorrow, he just needs my credit card number. hmmmm...I'm beginning to see a pattern here. My husband was extremely hopeful that one of these companies would have been legit.

sallyf36 wrote:

sooo now REM contacts me today. He explains how REM is not like them. Their fee is for advertising. He's sorry to hear about my situation with GMAC Timeshare, but For $395 he can have my timeshare points rented for $8,000 within the next 30-45 days. There is an event at the convention center tomorrow, he just needs my credit card number. hmmmm...I'm beginning to see a pattern here. My husband was extremely hopeful that one of these companies would have been legit.

NO UPFRONT FEE that charges in the hundreds of dollars to add your timeshare in a data base that no one will ever see is legit .... they're all scams .... all they want is your credit card number and the upfront fee ..... what a racket. They should be in prison with all the other thieves and criminals. Would you pay someone upfront to list your home?

How did you file the complaint? I would like to file one as well.

eleanora8 wrote:

How did you file the complaint? I would like to file one as well.

You can file a complaint to the attorney general in the state where the company is located. You should be able to find a webpage and email address online of all state attorneys general if you do a google search.

Why file a complaint? They sent me a contract, I read it, and everything they told me was in there.... so what is your problem? Just the fact you were paying to do a lot of marketing? Do you believe you could have listed it in the newspaper for free and qualified buyers would see it? It's not like selling a house, don't we all know that? No real estate agent would touch ours, they said they had no real way of marketing! Made sense we signed up and did sell our Shell vacation club. If you don't pay for a service you get nothing. So just pay the paper and sit on your timeshare, up to you, no one is forcing you!

nancys553 Why file a complaint? They sent me a contract, I read it, and everything they told me was in there.... so what is your problem? Just the fact you were paying to do a lot of marketing? Do you believe you could have listed it in the newspaper for free and qualified buyers would see it? It's not like selling a house, don't we all know that? No real estate agent would touch ours, they said they had no real way of marketing! Made sense we signed up and did sell our Shell vacation club. If you don't pay for a service you get nothing. So just pay the paper and sit on your timeshare, up to you, no one is forcing you!

It's definitely not like selling a house .... no one in their right mind would pay a real estate company an upfront fee to list their home ..... why should they pay an upfront fee to a timeshare company? In case you haven't noticed, it is the age of the internet which reaches far more people than any timeshare upfront fee company.

Whenever we get ready to travel, we look at all the rental sites on the internet to find what we want .... we wouldn't dream of paying a large upfront fee for researching such when it's right at our own fingertips. I also previously sold 9 timeshare weeks via internet listing sites such as Redweek.

Redweek and other popular internet timeshare sales and rentals sites get thousands of hits a day from people looking to buy, rent or sell.

I smell a shill above.

nancys553 wrote:

Do you believe you could have listed it in the newspaper for free and qualified buyers would see it?

On another note I have NEVER received a call or postard asking me if I wanted to BUY a TS. All I ever get is solicitations to give them money to list a sale or rental.

Okay, I've never been contacted by this company, but I HAVE been contacted by a few others in the last month. They didnt say much about conventions but they did talk about posting my ownership up on a site where there were hundreds of hit per day for a small upfront fee... And you know, that just didn't make sense to me. Why would selling timeshare on the internet work? MLS websites (such as this one) are the biggest scams of them all. Time share does not sell on the internet. If timeshare sold on the internet, Wyndham would fire the entire sales staff, and do business as an online company, saving themselves hundreds of thousands of dollars in commissions and salaries. Time share isn't a "hot" item. You're right. The only way to sell it is aggressively and face to face. That's what Wyndham did to me in the "90 minute presentation' that took 5 hours. After being beaten over the head for that long, I caved. So I figure, logically, this REM's approach to resale seems like the most lucrative. After reading this article last night I called the Orange County visitors bureau in FL, and REM was a member since 2002...so maybe they're telling the truth. Is REDWEEK.COM the ACTUAL scam?? Are you posters all employees of industry competitor companies? What the heck is going on here? Age of Information my arse. Never believe ANYTHING you read online.

Sorry to burst your bubble but I sold nine (9) timeshares via internet timeshare ad sites such as Redweek, MyResortNetwork, Bidshares and others.

Redweek is merely a timeshare ad site. People make up their own ads .... Redweek, and other timeshare ad sites, merely give the owner that opportunity for a nominal fee.

The internet is the 'IT' way to buy, sell or trade your timeshare or anything else. The internet is the first place I go when I'm researching anything I'm interested in renting or buying.

With all due respect, you're evidently not very well informed on just how powerful internet timeshare ad sites are like Redweek. Please educate yourself.

BTW, you bought from a developer after you caved in during a 5 hour presentation when what you should have done was to research resale timeshares on the internet before taking the plunge and you could have saved thousands of dollars ..... don't blame Redweek, with your vengeful namecalling, for your ignorance in caving in to slick developer salespeople when you could have bought for pennies on the dollar via resale.

gregc180 wrote:

I've never been contacted by this company, but I HAVE been contacted by a few others in the last month. They didnt say much about conventions but they did talk about posting my ownership up on a site where there were hundreds of hit per day for a small upfront fee....

These are called upfront fee resale companies that charge upfront fees in the hundreds to thousands of dollars when all they do is add your timeshare to a database that no one will ever see.

Presentations are for developer salespeople so they can make thousands of dollars for themselves (commission) and the developer they work for ..... presentations don't happen on the resale market.

Ditto to everything everyone has experienced here. I wish I had found this site before I, too, got talked into giving credit card information to REM just a few days ago. Am now back-pedaling as fast as I can to get reimbursed. I have not and will not sign contract because of what I read here. Thank goodness I found all these remarks. Since my timeshare looks like it generally sells for $.02 to $.07 per credit, why are they offering $2.00 per point, offering to sell for twice what I paid for it. This is SO tempting but I am reading and listening to what is written here. You so want to believe them - gotta go to show tomorrow, close today, Shatner videos, etc.

Here is an interesting tidbit - I read some comments on Complaints Board about how they did sell and rent timeshares successfully for clients. I found 3 - all dated the same day. They didn't sound genuine, consequently. They looked like REM response to the complaints I found.

If this were to work we'd all be talking about it, right? Rats rats rats.

Thank you for saving me (probably saved - I expect to win this battle.)

I signed a contract with resort equity marketing for an upfront fee of $499 in February of 08, I just received a call from them last week for an offer to buy my timeshare. I would not pay $ 1295 upfront.

Thanks for the information, I will do the same.

Did they call you directly or did you have to call them repeatedly to get any feedback?

rhondal63 wrote:

I signed a contract with resort equity marketing for an upfront fee of $499 in February of 08, I just received a call from them last week for an offer to buy my timeshare. I would not pay $ 1295 upfront.

Did the offer follow through or did the company want more money in order to go forward?

I want to file my complaint in order to get my money back and stop them from being in the bussiness of milking the naive time share property owers. Please provide me with the address and contact # if possible. I was scammed by this Florida based company name Research Equity Marketing.

MT