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How does Redweek Exchange work?

Do I need to make sure that I have my week reserved at my timeshares condo before I can make a deposit and sign up for an exchange with Redweek? Do the Exchange dates have to be the same as the dates I have reserved in my own timeshares weeks? For ex. I would like to visit other timeshare between June - August but my condo in HI is reserved for June. Should I only be looking for available exchange in June?