SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549



                                   ----------

                                    FORM 8-K

                                 CURRENT REPORT

     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

        DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): OCTOBER 5, 1998


                                   ----------

                         RESORTQUEST INTERNATIONAL, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

         DELAWARE                   01-14115                62-1750532
(STATE OR OTHER JURISDICTION      (COMMISSION              (IRS EMPLOYER
     OF INCORPORATION)            FILE NUMBER)           IDENTIFICATION NO.)

                               530 OAK COURT DRIVE
                                    SUITE 360
                                MEMPHIS, TN 38117
                                 (901)  762-0600

(ADDRESS,  INCLUDING ZIP CODE,  AND  TELEPHONE  NUMBER,  INCLUDING  AREA CODE OF
                   REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)


<PAGE>



                    ITEM 1. CHANGES IN CONTROL OF REGISTRANT

                                 Not Applicable

                          ITEM 2. ACQUISITION OF ASSETS

     On October 5, 1998,  the Company  completed the  acquisition  of all of the
outstanding  stock of Abbott Realty Services,  Inc. and Tops'l Sales Group, Inc.
(together, "Abbott Resorts"),  property management and realty companies based in
Destin,  Florida.  Under the Stock Purchase  Agreement by and among the Company,
Abbott Resorts and its shareholders,  the Company agreed to pay a total of $33.7
million in shares of Company  common stock and cash as well as to assume certain
indebtedness  of Abbott  Resorts.  The aggregate  consideration  paid for Abbott
Resorts  consisted of $26.7 million in cash,  757,040  shares of Common Stock of
the Company  (valued at  approximately  $7.0 million based on the average of the
closing  prices of the Company's  Common Stock for the ten trading days prior to
the effective  date of the Stock  Purchase  Agreement)  and $6.9 million in debt
assumed.  The  amount  of  consideration  was  determined  based on  arms-length
negotiations.  The Company  utilized funds  available  under its credit facility
with NationsBank,  N.A. and First Tennessee Bank,  National  Association to fund
the cash portion of the purchase price. The acquisition will be accounted for as
a purchase.

     Abbott Resorts manages  approximately 2,400 condominium and home rentals on
the Florida Gulf Coast. Abbott Resorts is the largest resort property management
company  in Florida  and has rental  properties  located in Fort  Walton  Beach,
Destin and South Walton,  Florida.  Abbott Resorts also operates  Tops'l Beach &
Racquet  Resort,  a 55-acre tennis complex rated among the top 50 tennis resorts
in the U.S. by TENNIS magazine.

     Revenues  for Abbott  Resorts for the 12 months ended June 30, 1998 totaled
$28.1 million.  The Company's pro forma revenue for the 12 months ended June 30,
1998 totaled $87.8 million.

     The primary  assets of Abbott  Resorts  include cash and cash  equivalents,
trade and other receivables,  property and equipment,  and deferred income taxes
and other taxes.  The Company  expects to continue to utilize  these assets in a
manner consistent with that of their historical usage.

     Prior to the  acquistion,  the capital stock of Abbott Resorts was owned by
William W. Abbott,  Jr.,  Stephen J. Abbott,  James R.  Steiner,  Charles H. Van
Driver,  Sue C. Van  Driver  and  Angus G.  Andrews.  Upon  the  closing  of the
acquisition of Abbott Resorts,  William W. Abbott,  Jr., Vice Chairman of Abbott
Resorts,  became a director of the Company.  James S. Olin,  President of Abbott
Resorts, will remain as president of Abbott Resorts.

     The  foregoing  descriptions  are qualified in all respects by reference to
the full text of the  acquisition  agreement  which is included as an exhibit to
this report.

                                      -2-
<PAGE>



                       ITEM 3. BANKRUPTCY OR RECEIVERSHIP

                                 Not Applicable

             ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS

                                 Not Applicable

                              ITEM 5. OTHER EVENTS

                                 Not Applicable

                  ITEM 6. RESIGNATION OF REGISTRANT'S DIRECTORS

                                 Not Applicable

                    ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS


     A.   Financial Statements of Business Acquired.

          Audited Financial Statements of Abbott Resorts for the year ended July
          31, 1998,  as  previously  filed by the Company on October 16, 1998 as
          pages  F-33  through  F-43 of  Post-Effective  Amendment  No. 1 to the
          Company's  Registration Statement on Form S-1 (File No. 333-10623) and
          incorporated herein by reference.

     B.   Pro Forma Financial Information.

          Unaudited Pro Forma Consolidated Financial Statements and Notes (which
          include the acquisition of Abbott Resorts), as previously filed by the
          Company  on  October   16,   1998  as  pages  F-3   through   F-14  of
          Post-Effective Amendment No. 1 to the Company's Registration Statement
          on Form S-1 (File No. 333-10623) and incorporated herein by reference.

     C.   Exhibits.

          Stock Purchase  Agreement,  effective as of September 30, 1998,  among
          ResortQuest International,  Inc., Abbott Realty Services, Inc., Tops'l
          Sales Group, Inc., William W. Abbott, Jr., Stephen J. Abbott, James R.
          Steiner,  Charles  H. Van  Driver,  Sue C.  Van  Driver  and  Angus G.
          Andrews,  as  previously  filed as Exhibit 2.15 to the  Post-Effective
          Amendment  No. 1 to the Company's  Registration  Statement on Form S-1
          (File No. 333-10623).

                                      -3-
<PAGE>



                        ITEM 8. CHANGE IN FINANCIAL YEAR

                                 Not Applicable

           ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S

                                 Not Applicable






                                      -4-
<PAGE>



     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                       RESORTQUEST INTERNATIONAL, INC.



Dated: October 20, 1998                By:    /s/ Jeffery M. Jarvis
                                          ----------------------------
                                       Name:  Jeffery M. Jarvis
                                       Title: Senior Vice President & Chief
                                              Financial Officer





                                      -5-
<PAGE>

                                  EXHIBIT INDEX

          1.   Stock Purchase Agreement,  effective as of September 30, 1998, by
               and  among   ResortQuest   International,   Inc.,  Abbott  Realty
               Services, Inc., Tops'l Sales Group, Inc., William W. Abbott, Jr.,
               Stephen J. Abbott,  James R. Steiner,  Charles H. Van Driver, Sue
               C. Van  Driver  and  Angus G.  Andrews,  as  previously  filed as
               Exhibit  2.15  to  the  Post-Effective  Amendment  No.  1 to  the
               Company's   Registration   Statement   on  Form  S-1   (File  No.
               333-10623).

          2.   Audited Financial Statements of Abbott Resorts for the year ended
               July 31, 1998, as previously  filed by the Company on October 16,
               1998 as pages F-33 through F-43 of Post-Effective Amendment No. 1
               to the  Company's  Registration  Statement  on Form S-1 (File No.
               333-10623).

          3.   Unaudited Pro Forma Consolidated  Financial  Statements and Notes
               (which include the acquisition of Abbott Resorts),  as previously
               filed by the  Company on October  16,  1998 as pages F-3  through
               F-14  of   Post-Effective   Amendment  No.  1  to  the  Company's
               Registration Statement on Form S-1 (File No. 333-56703).


                                      -6-
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{"company-data": {"conformed-name": "RESORTQUEST INTERNATIONAL INC", "cik": "0001057507", "assigned-sic": "7011", "irs-number": "522055247", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-14115", "film-number": "98728081"}, "business-address": {"street1": "1355 B LYNNFIELD ROAD", "street2": "STE 245", "city": "MEMPHIS", "state": "TN", "zip": "38119", "phone": "9018185445"}, "former-company": {"former-conformed-name": "VACATION PROPERTIES INTERNATIONAL INC", "date-changed": "19980311"}}
SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   ----------

                                    FORM 8-K

                                 CURRENT REPORT

     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

        DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): OCTOBER 5, 1998

                                   ----------

                         RESORTQUEST INTERNATIONAL, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

         DELAWARE                   01-14115                62-1750532
(STATE OR OTHER JURISDICTION      (COMMISSION              (IRS EMPLOYER
     OF INCORPORATION)            FILE NUMBER)           IDENTIFICATION NO.)

                               530 OAK COURT DRIVE
                                    SUITE 360
                                MEMPHIS, TN 38117
                                 (901)  762-0600

(ADDRESS,  INCLUDING ZIP CODE,  AND  TELEPHONE  NUMBER,  INCLUDING  AREA CODE OF
                   REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
ITEM 1. CHANGES IN CONTROL OF REGISTRANT

                                 Not Applicable

                          ITEM 2. ACQUISITION OF ASSETS

     On October 5, 1998,  the Company  completed the  acquisition  of all of the
outstanding  stock of Abbott Realty Services,  Inc. and Tops'l Sales Group, Inc.
(together, "Abbott Resorts"),  property management and realty companies based in
Destin,  Florida.  Under the Stock Purchase  Agreement by and among the Company,
Abbott Resorts and its shareholders,  the Company agreed to pay a total of $33.7
million in shares of Company  common stock and cash as well as to assume certain
indebtedness  of Abbott  Resorts.  The aggregate  consideration  paid for Abbott
Resorts  consisted of $26.7 million in cash,  757,040  shares of Common Stock of
the Company  (valued at  approximately  $7.0 million based on the average of the
closing  prices of the Company's  Common Stock for the ten trading days prior to
the effective  date of the Stock  Purchase  Agreement)  and $6.9 million in debt
assumed.  The  amount  of  consideration  was  determined  based on  arms-length
negotiations.  The Company  utilized funds  available  under its credit facility
with NationsBank,  N.A. and First Tennessee Bank,  National  Association to fund
the cash portion of the purchase price. The acquisition will be accounted for as
a purchase.

     Abbott Resorts manages  approximately 2,400 condominium and home rentals on
the Florida Gulf Coast. Abbott Resorts is the largest resort property management
company  in Florida  and has rental  properties  located in Fort  Walton  Beach,
Destin and South Walton,  Florida.  Abbott Resorts also operates  Tops'l Beach &
Racquet  Resort,  a 55-acre tennis complex rated among the top 50 tennis resorts
in the U.S. by TENNIS magazine.

     Revenues  for Abbott  Resorts for the 12 months ended June 30, 1998 totaled
$28.1 million.  The Company's pro forma revenue for the 12 months ended June 30,
1998 totaled $87.8 million.

     The primary  assets of Abbott  Resorts  include cash and cash  equivalents,
trade and other receivables,  property and equipment,  and deferred income taxes
and other taxes.  The Company  expects to continue to utilize  these assets in a
manner consistent with that of their historical usage.

     Prior to the  acquistion,  the capital stock of Abbott Resorts was owned by
William W. Abbott,  Jr.,  Stephen J. Abbott,  James R.  Steiner,  Charles H. Van
Driver,  Sue C. Van  Driver  and  Angus G.  Andrews.  Upon  the  closing  of the
acquisition of Abbott Resorts,  William W. Abbott,  Jr., Vice Chairman of Abbott
Resorts,  became a director of the Company.  James S. Olin,  President of Abbott
Resorts, will remain as president of Abbott Resorts.

     The  foregoing  descriptions  are qualified in all respects by reference to
the full text of the  acquisition  agreement  which is included as an exhibit to
this report.

                                      -2-
ITEM 3. BANKRUPTCY OR RECEIVERSHIP

                                 Not Applicable

             ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS

                                 Not Applicable

                              ITEM 5. OTHER EVENTS

                                 Not Applicable

                  ITEM 6. RESIGNATION OF REGISTRANT'S DIRECTORS

                                 Not Applicable

                    ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

     A.   Financial Statements of Business Acquired.

          Audited Financial Statements of Abbott Resorts for the year ended July
          31, 1998,  as  previously  filed by the Company on October 16, 1998 as
          pages  F-33  through  F-43 of  Post-Effective  Amendment  No. 1 to the
          Company's  Registration Statement on Form S-1 (File No. 333-10623) and
          incorporated herein by reference.

     B.   Pro Forma Financial Information.

          Unaudited Pro Forma Consolidated Financial Statements and Notes (which
          include the acquisition of Abbott Resorts), as previously filed by the
          Company  on  October   16,   1998  as  pages  F-3   through   F-14  of
          Post-Effective Amendment No. 1 to the Company's Registration Statement
          on Form S-1 (File No. 333-10623) and incorporated herein by reference.

     C.   Exhibits.

          Stock Purchase  Agreement,  effective as of September 30, 1998,  among
          ResortQuest International,  Inc., Abbott Realty Services, Inc., Tops'l
          Sales Group, Inc., William W. Abbott, Jr., Stephen J. Abbott, James R.
          Steiner,  Charles  H. Van  Driver,  Sue C.  Van  Driver  and  Angus G.
          Andrews,  as  previously  filed as Exhibit 2.15 to the  Post-Effective
          Amendment  No. 1 to the Company's  Registration  Statement on Form S-1
          (File No. 333-10623).

                                      -3-
ITEM 8. CHANGE IN FINANCIAL YEAR

                                 Not Applicable

           ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S

                                 Not Applicable

                                      -4-
Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                       RESORTQUEST INTERNATIONAL, INC.

Dated: October 20, 1998                By:    /s/ Jeffery M. Jarvis
                                          ----------------------------
                                       Name:  Jeffery M. Jarvis
                                       Title: Senior Vice President & Chief
                                              Financial Officer

                                      -5-
EXHIBIT INDEX

          1.   Stock Purchase Agreement,  effective as of September 30, 1998, by
               and  among   ResortQuest   International,   Inc.,  Abbott  Realty
               Services, Inc., Tops'l Sales Group, Inc., William W. Abbott, Jr.,
               Stephen J. Abbott,  James R. Steiner,  Charles H. Van Driver, Sue
               C. Van  Driver  and  Angus G.  Andrews,  as  previously  filed as
               Exhibit  2.15  to  the  Post-Effective  Amendment  No.  1 to  the
               Company's   Registration   Statement   on  Form  S-1   (File  No.
               333-10623).

          2.   Audited Financial Statements of Abbott Resorts for the year ended
               July 31, 1998, as previously  filed by the Company on October 16,
               1998 as pages F-33 through F-43 of Post-Effective Amendment No. 1
               to the  Company's  Registration  Statement  on Form S-1 (File No.
               333-10623).

          3.   Unaudited Pro Forma Consolidated  Financial  Statements and Notes
               (which include the acquisition of Abbott Resorts),  as previously
               filed by the  Company on October  16,  1998 as pages F-3  through
               F-14  of   Post-Effective   Amendment  No.  1  to  the  Company's
               Registration Statement on Form S-1 (File No. 333-56703).

                                      -6-