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Important information

• Additional Info:

  BBB has learned an unscrupulous - and fraudulent - timeshare entity has appropriated the name of National One Realty LLC, a legitimate Minnesota firm. The fraudulent entity, which has a website (http://nationalonerealtyllc.com/) and claims an address at 100 S. 5th St. in Minneapolis - as well as a phone number of 612-249-9529 - has nothing to do with the National One Realty LLC located at 2592 Rodeo Dr. NE in Blaine, Minnesota.

  Based on a review of the website for the fraudulent National One Realty LLC, BBB advises extreme caution. That entity came to BBB's attention through inquiries from consumers who
  said they had been contacted in regard to the
  possibility of selling their timeshares.
  
  BBB advises the
  public that over the last few years, many companies claiming to be
  located in the Midwest and purporting to offer timeshare reselling
  services have proved to be fraudulent foreign entities with no local
  presence. People who are hoping to sell timeshare properties should be
  leery of entities contacting them saying they have a buyer for their
  timeshare. People should also be aware that requests to pay money
  upfront are usually the sign of a fraudulent operation. BBB offers these
  tips to those seeking to sell their timeshares:
  
  * Be realistic -
  In regard to timeshares, it's generally a buyer's - not a seller's -
  market. Unscrupulous timeshare resellers may contact you claiming that
  your property is in demand and they can sell it immediately;
  unfortunately, these promises often prove to be false.
  
  * Always
  be Wary of Upfront Fees - Consider opting for a company that offers to
  collect a fee only after the timeshare is sold. Many complaints to BBB
  regarding timeshare resellers involve situations where people were told
  they needed to wire "advance appraisal fees," escrow funds or that they
  just had to pay closing costs and their timeshare would be sold. Never
  wire money to people you don't know.
  
  * Use a Business You Can
  Trust - Make sure the timeshare reseller you use is a BBB Accredited
  Business or at the very least has a good rating with BBB. You can
  research businesses for free at bbb.org.
  
  * Confirm Licensing
  Requirements - Some timeshare resellers will use fake addresses or PO
  boxes in order to mislead timeshare owners. Confirm where the company is
  located and in what states it does business. Ask if the company's
  salespeople are licensed to sell real estate where your timeshare is
  located. If so, verify this with the state licensing board.
  
  * Get
  the Facts on the Figures - Find out if the business charges a
  commission. Do they handle the entire closing and provide escrow
  services? Do they charge an upfront listing or advertising fee? What
  does it cover and is it refundable?
  
  * Don't Fall for the Hard
  Sell or an Offer that Sounds Too Good to Be True - Don't agree to
  anything over the phone but instead ask the salesperson to send you
  written materials; take the time to think it over and don't be
  pressured.
  You may want to have an attorney review any purchase agreement. Keep in
  mind, though, timeshare scammers are professionals. BBB is aware of
  situations where attorneys reviewed paperwork submitted by bogus
  timeshare entities and felt the offers in question were legitimate -
  when they were not.
  
  *Watch out for third-party companies.
  Fraudulent timeshare reselling entities often associate with alleged
  third-party title or escrow services. Be sure to research those
  companies as well. If you can't find any information on them, that might
  be a sign there's a problem.