Denver, CO asked in Real Estate Law for Tennessee

Q: Is price fixing illegal in Tennessee?

My parents are trying to sell their timeshare in Gatlinburg and the resort allows For Sale By Owner listings on their website, however they will only allow me to sell the timeshare at $2,500. My parents are willing to sell for $1.00.

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1 Lawyer Answer

Michael Hales

Answered

A: Although I'm not a TN attorney, I imagine that this is simply one of the terms of use for selling on the website, taking this outside the realm of price fixing. Your parents can sell it for $1 (and can advertise elsewhere for that price), but they can't list in on the website for that amount.

A while back, I wrote an article about timeshares for my state bar that you may find helpful. You can access it at: https://skidmorehales.com/article

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