Report Abuse

In resorts where ROFR applies (which are most Marriotts) when an owner finds someone who is ready to enter a contract of sale, the seller must submit that offer and give Marriott the opportunity to buy on the same terms. Marriott's ROFR allows them between 10-30 days (depending on the resort) to either exercise ROFR and then start the transfer to Marriott on the same terms as the original deal with the buyer or waive ROFR and then the sale can proceed. Once waived the sale can proceed with the buyer. As a potential buyer you can negotiate that you only pay a small deposit until after the ROFR is waived.