RDO Statement on Timeshare Resales
RDO (Resort Development Organisation), the European trade body for timeshare, applauds Which? Holiday magazine for highlighting the issues facing owners trying to sell their timeshare.
Whilst timeshare owners who use an RDO resale member are protected through its code of conduct, there are many others who have unwittingly dealt with unregulated companies, many fraudulent, and have lost considerable sums of money. The RDO code prohibits its resale members from taking a registration fee and they must provide a cooling off period to buyers.
The number of timeshare owners who are targeted by rogue companies is of great concern to RDO and for a number of years it has run an enforcement project to assist the authorities in building up evidence against fraudulent activity. Ultimately, our aim is to have these companies closed down.
RDO is fully supportive of the new legislation to curb the activities of fraudsters that is to be adopted next February but warns that unless the law is properly enforced, consumers will continue to be defrauded.
RDO acknowledges that it is not always easy for owners to dispose of their timeshare and is working with the consumer body, TATOC (The Timeshare Association) to find solutions to issues facing owners. This will take time, but it is being taken extremely seriously and progress is being made.
Members of the pubic seeking resale guidance should visit the consumer section of this website or, alternatively, visit www.GoTimeshare.org