Timeshare Companies
National One Realty LLCFind BBB Accredited Businesses in Timeshare Companies.
Information and Alerts
Alert Details
This business has 1 alert.
Alert
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 this 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.
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.
Service Area
- Afton, MN
- Albertville, MN
- Almelund, MN
- Andover, MN
- Annandale, MN
- Anoka, MN
- Antlers Park, MN
- Apple Valley, MN
- Arden Hills, MN
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- Blaine, MN
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- Chisago Lake, MN
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- Crystal Bay, MN
- Dalbo, MN
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- Elko New Market, MN
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- Grass Lake, MN
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- Harris, MN
- Hassan, MN
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- Hilltop, MN
- Hopkins, MN
- Howard Lake, MN
- Hugo, MN
- Independence, MN
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- Inver Grove Heights, MN
- Isanti, MN
- Jordan, MN
- Lake Elmo, MN
- Lake Saint Croix Beach, MN
- Lakeland, MN
- Lakeland Shores, MN
- Lakeville, MN
- Landfall Village, MN
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- Lindstrom, MN
- Lino Lakes, MN
- Linwood, MN
- Little Canada, MN
- Long Lake, MN
- Loretto, MN
- Mahtomedi, MN
- Maple Grove, MN
- Maple Lake, MN
- Maple Plain, MN
- Maplewood, MN
- Marine on Saint Croix, MN
- Martin Lake, MN
- Mayer, MN
- Medicine Lake, MN
- Medina, MN
- Mendota, MN
- Mendota Heights, MN
- Minneapolis, MN
- Minnetonka, MN
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- Minnetonka Mills, MN
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- Norwood Young America, MN
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- Plymouth, MN
- Prior Lake, MN
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- Saint Michael, MN
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- Saint Paul Park, MN
- Santiago, MN
- Savage, MN
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- Shafer, MN
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- Silver Creek, MN
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- Spectacle Lake, MN
- Spring Lake Park, MN
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- Stacy, MN
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- Stanford, MN
- Stillwater, MN
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- Vadnais Heights, MN
- Vermillion, MN
- Victoria, MN
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- Weber, MN
- West Lakeland, MN
- West Saint Paul, MN
- White Bear, MN
- White Bear Lake, MN
- Willernie, MN
- Woodbury, MN
- Woodland, MN
- Wyoming, MN
- Young America, MN
- Zimmerman, MN
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