Im an american timeshare salesperson and I am interested in relocating to the us virgin islands. Can anyone give me pointers on getting started or let me know if I will need a real estate lisence in the virgin islands?
yes, you would have to get a real estate license. You'd be looking at STT, most likely. STX may have timeshares in the future when the Mills of STX project gets underway, but we don't have that type of sales position at this time.
Alexandra, May I ask what the Mills of StX project is? I can't recall hearing or seeing anything on this unless it was previously being called something else. Thanks for any info...
Mills of STX is one of the "working names" for the 600 acre master planned community currently awaiting permit approval by DPNR. It has been several years in research and design and was submitted to DPNR as a final application in early November. I saw another name recently on a rendering... something like "Amalago Bay", but I'm not positive that's exactly correct. Atty Kevin Rames has been one of the locals leading the charge for the project and he seems pretty upbeat about permits not being too far away.
Location is north of F'sted near Sprat Hole. The Foxwood's Casino in Connecticut is a major backer of the project, which is supposed to include a marina, casino, golf course, houses, condos, time shares, hotels, restaurants, boutiques, etc. This would revitalize the west end of STX in an enormous way and provide both entry level and professional level jobs in large numbers both during the construction phase and ever after.
I worked in the timeshare industry here on STT for 7 1/2 years and we were never required to get any license at all! I worked my way up to the position of Project Director, so, unless they've changed the rules in the last 3 years, don't worry about a license. You could try Chenay Bay, Hotel on the Cay and Divi Carina Bay on STX...on STT, you could try the Marriott, the Wyndham (which includes Bluebeard's Castle, Bluebeard's Beach Club, The Elysian and soon the Wyndham, itself), Magens Point Resort, Paradise Found Vacation Club and Sapphire Beach Resort and Marina. I think that's all of 'em...plus The Westin and Gallows Point on STJ...Check RCI and II books to be sure, though. And if ya wanna be here for season (when we are busiest, but it's all red time), I'd start contacting them right away. If you want any contact info, just PM me.
Thanks Alexandra. I only knew this as the Foxwoods project. I like this name and am really looking forward to this being started and obviously in it being finished. It will be a huge boost to the economy on the island.
Owners, Lawyers, Administrators, and Executors are not required to have a Real Estate License. A Timeshare offered by the project owner/sponsor can employ people to represent him/her/corp to sell, as owner. The Resale of a Timeshare requires a Real Estate License.
Is this something new? When I left the corporate world, I opened a business with a friend, selling timeshare re-sales and we never got a real estate license. I mean, sure we went thru DOL, to get our business license, but no one there said anything about us needing a real estate license.
Marty on STT,
It's not new, If you Sell, List, Lease, Manage, Consult, Appraise for a Fee or a Commission in regards to a Real Estate Transaction you must be properly Licensed. The only exceptions are as I Listed on the previous post. So one would assume you never had an Errors and Omissions policy, you were never a member of the Board of Realtors. Engaging in the Selling of Resale Timeshares as an agent for the owners whether Fee simple(Deed) or Leasehold without being properly Licensed is against the Law. Enforcement of the Law is something else.
Well, the business is still operating...maybe I should let him know? Thanks.