Fractional Ownership is a term that you will begin to hear more frequently on Maui. While it is being heralded as a new big thing in real estate, it is also a type of ownership that has seen little government regulation or scrutiny. As this market emerges, it is still the wild wild west with unresolved issues on title, zoning, liability, taxation, local government regulation, condominium association and homeowner association regulation, and issues as of yet unknown. We will continue to monitor this emerging market and pass along new information as it becomes available. Stay tuned.