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Re: WALK AWAY FROM TIMESHARE (by Patti G.):
Regarding exhange costs...I own an American timeshare, and therefore have a contracted exchange fee of $164, however, I am a Canadian. When I call RCI, they consistently quote me an exchange fee of $200 + and I consistently have to argue with them to provide me with the fee I agreed to ....$164. Canadians who have bought in the US, and Americans who have bought in Canada should be aware of this attempt to pick your pocket.
In my case 75% of the sales pitch was around the benefits of exchange. Legally, because the timeshare company acted as the sales agent for RCI, they are legally required to ensure that the services are supplied as promised. In effect there are two contracts between the buyer and the timeshare company...the written one with the timeshare company and the verbal one regarding exchange. The timeshare company is legally responsible for adequate provision of (in my case RCI) services as the sales agent for those services. For those of you who were sold your timeshare primarily based on the value of exchange, you can easily prove breach of contract.