Fractional interest ownership, once used primarily with commercial tenants-in-common, has recently blossomed in the vacation home market. Not to be confused with a time-share or a destination club, fractional interest properties can be a sensible and profitable alternative to owning a second home.


NAR Library & Archives has already done the research for you. References (formerly Field Guides) offer links to articles, eBooks, websites, statistics, and more to provide a comprehensive overview of perspectives. EBSCO articles (E) are available only to NAR members and require the member's nar.realtor login.

What is Fractional Intere​st Ownership?

Fractional Ownership (Investopedia, Jul. 23, 2019)

What Are Tenants in Common and Should I Arrange One? (realtor.com®, Jun. 19, 2019)

Tenants in Common in Real Estate Ownership (The Balance, May 9, 2019)

Maximizing Your Real Estate Returns with Fractional Ownership (Lexology, Feb. 22, 2019)

What Does it Mean to Have Fractional Interest in Real Estate? (Medium, Sep. 17, 2018)

Fractional Ownership – Answers to Frequently Asked Questions (SirkinLaw)

Pros & Cons of Fractio​nal Interest Ownership

Fractional Ownership: Examining the Pros and Cons (Expatra, Oct. 14, 2019)

Fractional Ownership Provides Alternative for Priced-Out Home Shoppers (The Orange County Register, Jul. 25, 2019)

How a Real Estate Concept from the Middle Ages Can Still Backfire (The New York Times, Jun. 7, 2019)

Can’t Afford to Buy a Vacation Getaway? Try Buying a Fraction of One (realtor.com®, Mar. 7, 2019)

The Nomads Who Own Fractions of Multiple Luxury Homes (The Wall Street Journal, Dec. 19, 2018)


Canadian Resort Development Association (CRDA) — Industry-based association dedicated to furthering the vacation ownership industry in Canada and throughout the world.

Cooperative Association of Resort Exchangers, Inc. (c.a.r.e.) — Trade association established by representatives of timeshare resorts.

Fractional Ownership Resources and Articles (SirkinLaw) — As a law firm specializing in Fractional Interest Ownership, SirkinLaw provides detailed reference pages on a range of topics including Marketing and Selling Fractional Ownership, Operating and Managing Fractional Ownership Groups, and Fractional Ownership and Timeshare Law.

Partial and Fractional Interest Valuation (Coldwell Banker Richard Ellis) — CBRE, a Fortune 500 real estate services firm, provides a useful sample of their Partial Interest Valuation Service for a tenant in common property.

Perspective Magazine—Independent publication for the timeshare and fractional ownership industry.

Resort and Second Home—Keep up on the latest developments in the resort and second home market, earn the Resort and Second-Home Property Specialist (RSPS) certification, and network with other members who specialize in the buying, selling, or management of investment, development, retirement, or second homes.

Resort and Second-Home Property Specialist—NAR’s RSPS certification is for REALTORS® who specialize in buying, selling, or management of properties for investment, development, retirement, or second homes in resort, recreational, and/or vacation destinations.

Resort Development Organisation (RDO)—European professional organization with members from all sectors of the industry across Europe, including resort developers, exchange companies, management and marketing companies, trustees, finance houses and resale companies.

Vacation Ownership Association of Southern Africa (VOASA)—Establishment to improve representation for reputable companies within the shared vacation ownership industry.

eBooks & Other Resources


The following eBooks and digital audiobooks are available to NAR members:

Buying a Second Home (Kindle, eBook)

How a Second Home Can Be Your Best Investment (eBook)

The Complete Guide to Buying a Second Home or Real Estate in Mexico (Audiobook, eBook)

Second Homes for Dummies (Kindle, Audiobook, eBook)

The Everything Family Guide to Timeshares (eBook)

How to Invest in Real Estate & Pay Little or No Taxes: Use Tax Smart Loopholes to Boost Your Profits by 40% (eBook)

The Tax-Free Exchange Loophole: How Real Estate Investors Can Profit from the 1031 Exchange (eBook)

Timeshare Vacation for Dummies (eBook)

Books, Videos, Research Reports & More

The resources below are available for loan through Member Support. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Member Support at 800-874-6500 for assistance.

Vacation Nation: The Complete Guide to Timeshare Private Residence Clubs, Fractionals & Destination Clubs, (Elaine Joli, 2009)

Vacation Home Fractional Conversion (Fractional Retreats LLC, 2008)

Have an idea for a real estate topic? Send us your suggestions.

The inclusion of links on this page does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked in this page complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.


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