Approved Broker?

[JimIg23]

Never heard that Marriott had "approved brokers" before the point conversion. Now it seems they may play a big role in selling points and deeded weeks in the exchange program.

Are there any out there? Anyone used them before?



Quote:
a. Trust Members. Upon the sale of an Interest, Exchange Company may require the payment of an initiation fee. (The current initiation fee is $200 per Interest with a $2,000 minimum initiation fee; however, Exchange Company reserves the right to adjust the amount of the initiation fee from time to time and to waive the initiation fee on a case-by-case basis in Exchange Company’s sole and absolute discretion.) Until payment of any required initiation fee is received (or waived by Exchange Company), the owner of such Interest(s) will not be entitled to Base Plus Exchange Benefits or Exchange Benefits; however, payment of the initiation fee will allow access to the Base Plus Exchange Benefits. If the purchase of an Interest is not made from an Approved Broker, then the owner of such Interest(s) may not be entitled to Exchange Benefits in Exchange Company’s sole and absolute discretion, even if the initiation fee is paid. Additional payments may be required to access the Exchange Benefits.

b. Exchange Members. If a purchaser of a Exchange Member’s Interest does not pay the then-current enrollment fee and enroll in the Program, such purchaser will not be entitled to be a Member and will not be permitted to access the Program in any manner.

 

[MikeZ]

I asked that question a couple weeks ago, both to Marriott and here on TUG. No one seems to have that answer. Perhaps a future revenue stream for them?

It seems like an important question, if someone wants to buy resale AND be included in this new program...

 

[taffy19]

Yes, there is as I was transferred to one already. I spent two hours on the phone with him and he told me that deeds sold after June 20 will not be able to enroll in the new program and not even through a qualified resale broker either. I posted it before but Marriott can change this policy any day, of course, if it suits them.

This is why I am so disgusted because they told us otherwise when we were there in March. Imagine if we had fallen for the trap that we would have a 20% equity already in our new purchase because of the 20% discount. That's what she told us as Marriott would always increase prices in the future as they have normally done. I mentioned then that I felt too unsecure about buying anything (resale or direct) until the new program was introduced. Guess what the answer was? We will sell it for you.

Instead, they are trashing the whole resale market for all Marriott timeshare owners if new buyers cannot enroll in the MVCD program. Thank you Marriott! :annoyed: