The FAA created the Fractional Ownership Aviation Rulemaking Committee (FOARC) through an order dated October 6, 1999.Soon, Orlando-based Executive Aircraft Management intends to join the fray, offering fractional ownership of jets that fly anywhere in the Southeast.(954) 450-1929 Toggle navigation Home PropertiesSituated along the 18th hole of the Jack Nicklaus Signature Golf Course, these spacious 3 and 4 bedroom residences offer fractional or wholly-owned home ownership that affords the comfort, luxury and amenities of a second home without the responsibility of year-round maintenance. ![]() To help you distinguish between the variety of products available, we have categorized the listings and given you a brief description on each category. Fractionals and private residence clubs have changed the face of second-home ownership and the luxury vacation market. A housing cooperative or "co-op" is a type of residential housing option that is actually a corporation whereby the owners do not own their units outright. For example, if the title is broken into 13 shares, or 1/4 of the number of weeks in each year, then each owner is. That means that, depending on the number of divisions, fractional owners can visit their vacation home anywhere from 4 to 26 weeks per year. ![]() ![]() Fractionals generally vary from one-thirteenth share (1/13) to one half share (1/2).
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