|
3. MEMBERS' OBLIGATIONS
Members shall :
3.1 support the Association, comply with the Rules contained in its Constitution, the
Code of Ethics and any regulations and by?laws in force and uphold its prestige and
reputation within the public and the community at large;
3.2 act at all times in a professional manner to uphold the highest standards of courtesy
and integrity, to build a reputation for fairness and respect and to enhance the
public image of the Industry, and particularly:
(1) to strive to protect the public against misrepresentation and unethical practices
in Vacation Ownership transactions;
(2) to give strict professional service to any person and to present only quality
Vacation Ownership or clubsharing developments;
(3) to provide adequate and accurate information and explain thoroughly all terms
and contracts to prospective purchasers;
(4) to present accurate, honest and quality advertising which reflects a true picture
and presents an honest view of Vacation Ownership in all representations made
to the public;
(5) to ensure that there is adequate disclosure without misrepresentation;
3.3 so conduct business as to minimise any discord or disunity with other members;
3.4 if a dispute eventuates between members, such members may submit such dispute
to the Executive Committee of the Association for conciliation before: any legal or
other action is commenced;
3.5 at all times, be fully responsible for the actions of their servants, employees or
agents and for all other persons acting for their benefit or on their
behalf;
3.6 own and readily make available for occupation sufficient
apartment/condominium/
accommodation units to match the number of membership or sales they ? have
sold.
3.7 own and readily make available for occupation at least one resort/property for
members' utilization and exchange; (save and except the situation where the
apartment/condominium/accommodation units are still under
construction).
3.8 in relation to any exchange and reciprocal use programmes of which they are
participants, honour their commitments to avail reciprocal or exchange members
the holiday accommodation of the Vacation Ownership/clubsharing property
arranged;
4. PROHIBITIONS
Members shall not :
4.1 represent financial investment to prospective purchasers as a motive for purchase
unless an approved prospectus is issued in connection with such Vacation Ownership
Activities since capital appreciation of Vacation Ownership interests cannot be
projected into the future;
4.2 represent or in any way guarantee that Vacation Ownership Programmes can
readily be re?sold; unless such a programme is offered and guaranteed by the seller.
4.3 give undertakings to buy back the Vacation Ownership Programme, unless the
same is specified or written in the prospectus, sales literature or transaction
documents;
4.4 guarantee that exchange will be achieved in all circumstances, particularly to
resorts/properties of high demand in seasons of high demand;
4.5 attempt to upset or negate an arrangement already entered into by another member
with a purchaser, if the seller is aware of such arrangement.
4.6 infer that they are, or represent, another organisation.
4.7 exert undue influence, pressure or persuasion on potential purchasers to the
detriment of the public perception of the resort/property or the Industry.
4.8 publicly criticise the resort/property, staff or practices of another member or
competitor, unless they are contrary to the provisions of this code;
4.9 indulge in any form of advertising nor convey by any means whatsoever,
information to the public that is confusing or
misleading;
4.10 breach in the spirit, apart from in the letter, the
Rules, principles, objects,
regulations and the Code of Ethics of the Association.
|
|
