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Why Weeks Was Enhanced

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  • Why Weeks Was Enhanced

    The Settlement Agreement (paraphrasing to remove the legalese gobblygook):

    Page 10, A. Member Disclosures, 1. Disclosure of Trading Power

    a. RCI shall disclose, to any Member owning Vacation Time, the Trading Power for that Vacation Time prior to the Member's actual deposit of the Vacation Time, provided the member requests the Disclosure more than 14 days and less than 2 years prior to the starting date of the vacation Time. RCI is to disclose the Trading Power for that day, or for over time, since it is subject to change.

    b. RCI will provide information to any Member information regarding Member's Exchanges over the prior two year period by Region and Subregion, calendar month, average trading power of confirmed exchanges, average historical supply, and current available inventory for which Member's Vacation Time has sufficient Trading Power to effect an Exchange.

    (This means that RCI will show a member everything that is available at that time for any Vacation Time, prior to deposit).

    RCI agrees that this informatiuon will be made available on or before August 31, 2010, and shall be made available for two years from the date the information is first made available, or August 31, 2012, whichever comes first.
    RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick

  • #2
    That's a big chunk for now.

    I'm thinking who's in a better position to police this than the Members, us.

    So, just on this little bit, how do think they've done? Have they complied?
    RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick

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    • #3
      Would someone like to post this same thing OY, to get the help of folks there, too? Thanks
      RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick

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      • #4
        Originally posted by JLB
        Would someone like to post this same thing OY, to get the help of folks there, too? Thanks
        I'm serious about this, at least post a link to these Settlement/policing threads here, cuz there's potentially thousands of us that can report on whether RCI is complying.

        I think it is an important thing to report on, for the future.

        They are only obligated to comply for two years, and after that, well . . . so it is important that we watch and report right now.
        RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick

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        • #5
          Originally posted by JLB
          So, just on this little bit, how do think they've done? Have they complied?
          Yes. Sounds like they can hide trading power after 2012.

          Jya-Ning
          Jya-Ning

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          • #6
            Originally posted by JLB View Post
            b. RCI will provide information to any Member information regarding Member's Exchanges over the prior two year period by Region and Subregion, calendar month, average trading power of confirmed exchanges, average historical supply, and current available inventory for which Member's Vacation Time has sufficient Trading Power to effect an Exchange.
            OK, I'll start, as an example.

            Here is something simple all of us can do, and in just a few minutes, and report on.

            On rci.com, open up My Account and report on your exchange history and your confirmed exchanges.

            For us, we have 19 exchanges in our Exchange History and 3 Confirmed (future) exchanges. None of them show the trading power of either the exchange obtained or the deposit that got them, or the other required information.

            They all, of course, were/are one-for-one, which gives me another little project, to be reported soon.

            If Exchange History and Confirmed Exchanges is where RCI is intending to fulfill the settlement requirement to disclose the trading aspects of past exchanges, they do not. They do not show the trading power of either the exchange obtained or the deposit that got it.

            So, where do they disclose that?
            RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick

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            • #7
              Originally posted by JLB View Post
              On rci.com, open up My Account and report on your exchange history and your confirmed exchanges.

              For us, we have 19 exchanges in our Exchange History and 3 Confirmed (future) exchanges. None of them show the trading power of either the exchange obtained or the deposit that got them, or the other required information.

              They all, of course, were/are one-for-one, which gives me another little project, to be reported soon.
              Actually, doing this is turning out to be important.

              If you (anyone/everyone) have time, could you do that, then look at the TPUs to see if you could still get all of the same exchanges with the same one deposit. (for as many as you can, saved or not)

              If you don't have time, could you do it anyway? I will write a note for your boss, spouse, or whoever, to tell them why you were late.

              And post that information here:

              http://www.timeshareforums.com/forum...ey-slough.html
              RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick

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              • #8
                Just curious, what exactly is this supposed to accomplish?

                Call me dense.

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                • #9
                  Two things:

                  1. Please take the time to do #6 above, to determine how many exchanges were done in the past can still be done with the same deposits, or now require more.

                  2. It seems surprising that since the classaction suit was concerning rentals, there is so much regarding the disclosure of Trading Power and the requirement to police Affiliates. The Court obviously felt there had been shortcomings in those two areas, something RCI has always denied/danced around.
                  RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick

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                  • #10
                    Originally posted by JLB View Post
                    Actually, doing this is turning out to be important.
                    I've resisted the temptation to have to explain this, the why, but I am giving in. Here's why.

                    For years many have asked that RCI do stuff. . . reveal trading power, show everything available, require affiliates to tell the truth, and for years they refused. There was nothing anyone could do about that.

                    Now, and for only a short two years, they are required to do that by Court Order. The Court Order itself gives credence to some of our basic complaints . . . that they and the affiliates are in cahoots, not separate entitiies acting on their own, that they have been secretive, etc.

                    No one is going to police that if we, their customers, don't. No one will care if we don't.
                    RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick

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                    • #11
                      Okay, so you've got a court order that says they'll be policed.
                      And you are going to do the policing.
                      That seems to require more legal expenses to enforce.

                      Are you also going to throw more good money at this with another suit?

                      Seems to me that all this money being spent would be better used on buying what you really want which is those prized winter weeks.

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                      • #12
                        You really do not get it.

                        You, personally, do not have to do anything.

                        So, please, if you don't want to be involved in something some of us have been involved with for many years, don't.
                        - - - - -
                        Unrelated, but related, elsewhere I read where someone said now you can see everything that is available before depositing.

                        How?
                        RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick

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                        • #13
                          Originally posted by chriskre View Post
                          Okay, so you've got a court order that says they'll be policed.
                          And you are going to do the policing.
                          That seems to require more legal expenses to enforce.

                          Are you also going to throw more good money at this with another suit?

                          Seems to me that all this money being spent would be better used on buying what you really want which is those prized winter weeks.
                          He doesn't want to pay that much in maintenance fees. He wants to go back to the days of great trade ups.

                          Some people spend a lot of time trying to reclaim the past. Others just look at how things are and how they are likely to go and then move on.
                          My Rental Site
                          My Resale Site

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                          • #14
                            Talk about same old, same old.

                            I am not the only one interested in the extent of the price-gouging. But, I may be the one suggesting ways to measure it.

                            BB, you never did answer my last question . . . in your own little personal mini-system, how do you go about determining who gets what?

                            Specifically, is it First Come First Served?
                            RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick

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                            • #15
                              [QUOTE=JLB;416282]You really do not get it.

                              You, personally, do not have to do anything.

                              So, please, if you don't want to be involved in something some of us have been involved with for many years, don't.
                              - - - - -
                              /QUOTE]

                              I told you I was dense.
                              Obviously since I'm so totally clueless I can't get involved. I'd just mess things up anyway. So don't worry but I still am curious why so much energy expended on this.

                              Originally posted by BocaBum99 View Post
                              He doesn't want to pay that much in maintenance fees. He wants to go back to the days of great trade ups.

                              Some people spend a lot of time trying to reclaim the past. Others just look at how things are and how they are likely to go and then move on.

                              I guess this is the answer on why so much energy is expended on this.
                              The MF's are not that high on those weeks.
                              Certainly it's much cheaper than trying to rent in that area.

                              I saw a Sutherland crossing week with MF's for $950 for a 3 bedroom for week 3. Maybe that was a typo but someone on TUG was giving it away.
                              Free HUGE timeshare - Timeshare Users Group Online Community Forums

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