Use this timeshare glossary as a tool to better understand timeshare industry terminology and phrases.
The OTE is similar to ARDA in the united states. OTE’s objective is as follows: “The Code strengthens the position of the consumers and improves the image of the industry. OTE is active in training; a training manual was developed and many national trainers were coatched. The Code establishes standards of practice which ensure fairness and propriety with which member companies conduct their business.”
The OTE now goes by RDO ( Resort Development Organization ) and is a trade association for vacation ownership across Europe
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