We have been made aware of a new timeshare scam where imposters are posing as RCI representatives and contacting RCI members with the offer to assist them in the sale or rental of their RCI weeks.
Gordon Gurnik, President of RCI issued an important Resale Advisory for all RCI subscribing members. Following is a copy of his letter alerting RCI members to be aware of this current scam.
“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.”
Advantage Vacation will continue to monitor this current scam activity involving RCI and keep you up to date and informed on the issues facing timeshare owners and the time sharing industry in general.
Advantage Vacation is a member of the American Resort Development Association (ARDA) and offers the best buys on the timeshare re sales market today. We never charge an upfront fee for clients who want to sell a timeshare and only receive a commission, paid from escrow, when the transaction is closed.
We have been in the timeshare industry for over 30 years and are Accredited Members of the BBB with an A+ Rating.
We hope you will follow us and our blog, Timeshare Blogging by Advantage Vacation and make your voice heard – what questions do you have?
At Advantage Vacation you can be assured you are working with professionals who believe that honesty and integrity are the most important aspects of the business they are in – timeshare resales. Our business has been built on relationships and we pride ourselves on providing excellent service to our clients.
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