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How does Redweek Exchange work?

Sorry for being confuse but I'm really new with all this timeshares stuffs and trying to get my ducks all lined up. What happen if nobody takes my condo that I deposit with Redweek? Does this mean I cannot earn the valuation point and use it for other timeshare resort? Also, if my timeshare share was valued at 1500 points and I would like to go to another timeshare resort with just 750 points, can I use the remaining points and sign up to another timeshare resort or I can only go to a resort one at a time in a year?