(Updated April 2013)
Fractional interest ownership, once used primarily with commercial tenants-in-common, has recently blossomed in the vacation home market. Not to be confused with a time-share or a destination club, fractional interest properties can be a sensible and profitable alternative to owning a second home. These articles, books, and other resources will help you discover what a fractional is and why your clients might be interested in them. (C. Dodge, Information Specialist)
What is Fractional Interest Ownership
Fractional Real Estate Ownership: Getting a Slice of a Vacation Home, (foxbusiness.com, May 21, 2012).
Fractional Ownership, (Wikipedia.org, June 2, 2010).
A CCIM expert takes time out to discuss tenancy-in-common strategies, (CCIM Institute, 2006).
Fractional Ownership Real Estate, (tm1031exchange.com, n.d.).
Fractional Vacation Ownership Questions and Answers: What is Fractional Ownership?, (andysirkin.com, n.d.).
Why, How and Who of Direct - Fractional Interest Valuation, (Primus Valuations, n.d.).
Pros and Cons of Fractional Interest Ownership
IRS Provides Guidance on Using Tenancy-in-Common Interest in 1031 Exchanges, (CCIM Institute, 2011).
The Impact of an Undivided Interest on Real Estate Value, (Journal of Property Tax Assessment and Administration, 2010). Q
Can TIC's Survive in the Existing Real Estate Market?, (Realty Times, Apr. 21, 2010).
Second Homes at a Fraction of the Cost, (Ideal Living, Jan. 4, 2010).
Carving Out a Share of the Good Life, (REALTOR® Magazine, July, 2008).
What to Look for When Buying a Fractional-ownership Vacation Home, (RISMedia, Aug. 3, 2007).
Evaluating Tenant-in-Common Interests in Real Estate, (Real Estate Issues, Summer 2006). Q
Canadian Resort Development Association (CRDA)—Industry-based association dedicated to furthering the vacation ownership industry in Canada and throughout the world.
Cooperative Association of Resort Exchangers, Inc. (c.a.r.e.)—Trade association established by representatives of timeshare resorts.
Perspective Magazine—Independent publication for the timeshare and fractional ownership industry.
Resort Development Organisation (RDO)—European professional organization with members from all sectors of the industry across Europe, including resort developers, exchange companies, management and marketing companies, trustees, finance houses and resale companies.
Vacation Ownership Association of Southern Africa (VOASA)—Establishment to improve representation for reputable companies within the shared vacation ownership industry.
eBooks & Other Resources
The following eBooks and digital audiobooks are available to NAR members:
The Everything Family Guide to Timeshares (Adobe eReader)
Timeshare Vacation for Dummies (Adobe eReader)
Books, Videos, Research Reports & More
The resources below are available for loan through Information Central. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Central at 800.874.6500 for assistance.
Vacation Nation: The Complete Guide to Timeshare, Private Residence Clubs, Fractionals & Destination Clubs, (Elaine Joli, 2009).
Vacation Home Fractional Conversion, (Fractional Retreats LLC, 2008).
Field Guides & More
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