Dangers Lurking in Thailand Elite Former Membership Transactions
Is the person you are trying to negotiate with the real owner?
It has been reported that some people try to promote business negotiations by sending pictures of airport services, etc., claiming that they will sell my membership. When asked to show proof of their membership, the members would say, “Don’t you trust me? When asked to show proof of their membership, the customer is told, “Don’t you trust me?
Since it is not an inexpensive purchase, you should confirm the seller’s situation through an authorized agent before proceeding with the negotiation.
As an authorized agent, we can research memberships to be bought or sold and broker sales based on our many years of experience.
Have you checked the type of the old memberships to be negotiated?
Some of the Thailand Elite old memberships also have different contents depending on when they were first sold.
１．The first member is a lifetime member. After the transfer, the member can also transfer as many times as he/she wants as a lifetime member.
２．The first member is a lifetime member. After the transfer, the member is a 30-year member (amortized annually). Transferable any number of times.
３．The first member is a lifetime member. Transferred member is a 30-year member (amortized annually), transferable only once.
４．The first member is a 20-year member. After the transfer, the member transfers the remaining term; only one transfer is allowed.
The type of membership depends on the time of the initial sale, such as
As an authorized agent, we can research memberships to be bought or sold and broker sales based on our many years of experience.
Is the transfer of payment secure?
Buying and selling old memberships is different from buying and selling cars or merchandise.
The person receiving the transfer must apply for membership with Thailand Elite (now Thailand Privilege) and undergo a membership review. This screening process takes several months.
Therefore, up-to-date caution is required for the transfer of sales proceeds.
As an authorized agent, we offer our own escrow service. We take the utmost care to ensure that the transfer of the purchase price is executed safely and securely for both the seller and the buyer.
Will the name change be done safely and securely?
There are an increasing number of cases where a brokerage is commissioned with only a verbal agreement, which leads to trouble.
Unlike the sale of commodities, the transfer of elite former memberships is a special transaction that requires confirmation of the seller’s rights, confirmation of the type and expiration date of the former membership to be sold, the buyer’s application for membership, screening, safe transfer of payment, etc. It takes several months from the start of negotiations to the conclusion and execution of the name change.
We take the most up-to-date precautions to ensure that the transfer of title is completed only after we have confirmed the completion of the transfer of the purchase price.
Have you signed a purchase agreement?
Have you prepared a contract that covers the contractor, the object of the sale and purchase, the amount of the sale, the method of cash transfer, cancellation clauses, the method and timing of title changes, etc.?
Since it takes about three months from the contract acceptance to the purchase agreement after the admission screening of the purchaser, it is essential to have a purchase agreement that fully takes various points into consideration. There are not a few reported cases of oral agreements that have led to problems, and there are also not a few cases that require a great deal of effort to resolve.
As an authorized agent of Thailand Elite (Thailand Privilege), we take every precaution to avoid getting into trouble by using a sales contract that takes into account various cases.
For safe and secure purchase and sale of old memberships, contact an experienced authorized agent.
As the only authorized agent in Japan, we have 10 years of experience in brokering former memberships to ensure that the buying and selling of former memberships is safe and fair, and to wipe out fraudulent activities that may damage the reputation of the Thai elite.
