Resale Notice

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

email just received:

RCI has learned that entities with no affiliation with RCI are contacting timeshare owners and incorrectly stating or implying that they are a division of RCI or otherwise affiliated with RCI. These third party entities may offer to assist in the sale or rental of owners’ timeshare interests for an upfront fee or invite an owner to attend an informational meeting to discuss ‘updates’ to RCI exchange programs. Please exercise caution if you are contacted by anyone claiming to be related to RCI and call RCI directly at 1-877-968-7476 (RCI Points® Members) or 1-800-338-7777 (RCI® Weeks Members) with any questions.

We also have learned from RCI members that certain transfer companies are offering to transfer legal ownership of an owner’s timeshare in exchange for payment of upfront fees and execution of a power of attorney to complete the transfer. Owners receiving such offers may wish to consult with an attorney and/or their resort to confirm that a transfer of ownership and the corresponding maintenance fee obligation will occur as represented and any resulting sale or rental will be honored. Similarly, if a marketer should ever offer an RCI member the option to ‘trade in’ her or his timeshare in exchange for monetary credit against a new purchase, the RCI member may wish to obtain comfort that the transfer of ownership (of the traded timeshare) and corresponding maintenance fee obligation will take place as promised, keeping in mind that the owner’s home club or resort may require its consent for certain ownership transfers.

RCI values its members and supports efforts by the American Resort Development Association Resort Owners’ Coalition (ARDA-ROC) to help timeshare owners navigate through the secondary market. While some entities are legitimate resellers or rental agents of timeshare inventory, others are not. For additional information, RCI members may wish to consult with their club or resort or visit ARDA-ROC’s Timeshare Resale Resource Center at ARDA-ROC : Consumer Resources : Resales : Timeshare Resale Information

Sincerely,

Gordon Gurnik
President
RCI

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

About time. Perhaps done due to pending litigation ? Or just a CMA tactic.

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

I wonder if the franchise agreements they sold are all finished.. In the past, there were a few resale ventures that had purchased usage of the rci brand. I think RCI Bidtime was one such entity that sold a bunch of pens and coffee cups on eBay to try and build a feedback rating as a seller. I don't know if they ever sold a timeshare- but I remember that they had access to the name and logo. At that time I was doing some work with the eBay real estate division, and it was a running joke. I forget how many pens we had estimated they needed to sell to pay for the franchise fees, but we kept a fake tally on emails back and forth as a joke so it stuck in my head.

I think RCI got blasted by developers for the entire program- so it was stopped almost as soon as it began. My boss had contracted to buy franchise rights as well (RCI Holiday Time or something like that if I remember correctly) but it was something that I don't think was ever implemented on our side. I think we ended up using the whole fiasco as leverage to get ad space for TSO in RCI Ventures.

Regardless, this is way late- but is still a great warning for RCI to release. As long as Wyndham offers pic points, they won't need any type of developer trade in promotion.

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

This sounds like just a cover up.

I am pretty sure whoever get target by these resellers are not paying that much attention to RCI's eMail. And moreinteresting question is, how did they get the contact information.

Jya-Ning