Business ProfileforSanta Fe Business Brokers Realty

In September 2020, BBB Serving New Mexico and Southwest Colorado investigated Santa Fe Business Brokers Realty business practices. This investigation was prompted by consumer inquiries.

In September 2020, BBB checked the website https://santafebusinessbrokersrealty.com to determine when it was created. The website was created on June 22, 2020.

In September 2020, Postal mail sent by BBB to 301 Garfield Street, Santa Fe, New Mexico, 87501 was returned marked by USPS as unclaimed. BBB is unable to verify the true location of Santa Fe Business Brokers Realty. 

In October 2020, BBB Cincinnati spoke with the current and past property owners of the office building at 14 E 4th St., Cincinnati, Ohio 45202. They stated that they have not rented any spaces at 14 E 4th St. to a business under the name of Escrow Initiatives Ltd. BBB is unable to verify the true location of Escrow Initiatives Ltd.

BBB made inquiries to Santa Fe Business Brokers Realty via email and postal mail, the following is a summary of the questions asked:
- All contact information for Santa Fe Business Brokers Realty, such as their corporation filing, names of owners and names of management. 
- New Mexico Regulations and Licensing Department Real Estate License number for the facility and the qualifying broker.
- Business used for escrow on closings.
- If Santa Fe Business Brokers Realty maintains an escrow account for future refunds.
- For Title Services, the license of the title company.
- Information for their marketing of timeshare services.
- Fees and costs detailed and explained that may be collected from the Seller of a timeshare.
- Licenses held in any country outside of the United States for performing real estate transactions.
- Three cases with documentation from beginning to end where the clients were released from their timeshares including the final deed documents.
- Copies of the letters the company uses or sends to the resorts.
- Types of payments they accept.
- A list of any resorts that they do not work with or that will not work with them.
- Name and contact information for their attorney.         
- If they tell clients directly or indirectly not to pay their financial payments. 
- If they advise their clients to not contact the resort.
- If they use a subcontractor.
- Who they use to do the work for release of timeshare. 
- Provide any scripts that they use, if calling consumers.

To date, BBB has not received a response from Santa Fe Business Brokers Realty to BBB's inquiries.

Based on the information detailed above, BBB cannot state with confidence that we have a clear understanding of the business.

If you are having a delay in your transaction, you may want to contact your payment provider such as your credit card company, your bank, electronic draft company, prepaid card, etc. Filing a dispute is time sensitive and should not be delayed.

You may also want to file a complaint with the Federal Trade Commission and/or the Federal Bureau of Investigation Internet Crime Complaint Center. Consumers can also contact their local Attorney General’s office. BBB also suggests consumers file BBB Scam Tracker Reports. 

The Federal Trade Commission has several postings on Timeshares, one of them is FTC’s Safety Tips on Timeshares. Additionally for more information on the timeshare exit industry, you can view a BBB study.