Who is classified as a timeshare resale broker?

The classification of a timeshare resale broker hinges on specific industry definitions. A timeshare resale broker is identified as someone who engages in the sale of timeshare properties on behalf of clients. Particularly, this classification includes individuals who sell more than five timeshare interests in a calendar year that belong to other parties. This definition reflects the commercial nature of the role, emphasizing both the volume of transactions and the fact that these transactions involve properties that the broker does not personally own.

This classification is significant because it establishes the criteria for brokerage activities within the timeshare market, ensuring that brokers are recognized for their extensive involvement while adhering to regulatory standards. Other roles in the timeshare industry, such as those who facilitate purchases, manage properties, or handle exchanges, do not meet the specific criteria set for resale brokers, which is focused on the resale aspect and the volume of transactions conducted.