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In the early days of timesharing it was clear that a way was needed to overcome the typical owners objection to having to visit the same resort year after year. As a result, independent exchange companies were created to assist timeshare owners exchange their units for other units worldwide. Although there has been a number of exchange organizations over the years, the two major current exchange companies are Interval International (II) and Resort Condominiums International (RCI).
II (WITH OVER 1,500 RESORTS) AND RCI (WITH OVER 3,500 RESORTS) ARE THE LARGEST TIMESHARE EXCHANGE COMPANIES.
1. Has an initiation fee which is usually waived at time of purchase. ($200) 2. Charges an annual fee which includes a directory of the company's resorts. ($84 - $89) 3. Charges an exchange fee when a successful exchange is made. ($135 - $189) 4. Allows members to deposit their weeks in advance for exchange use earlier or at a later date. (1 - 2 yrs) 5. Usually restricts your exchange to trades of equal or lesser quality. 6. Provides better results when owner is trading the highest season and/or the largest unit. 7. Provides upgrades on a last minute space available basis. 8. Defines exchange demand by - high, mid , and low II equivalent - red , yellow, and green RCI equivalent - red , white , and blue 9. Rates a selected group of resorts as outstanding. II - Five Star RCI - Gold Crown RCI - Silver Crown
In addition to II and RCI, there are several smaller exchange companies with a variety of different programs. Check with your resort or management company for a list of these companies and their success rate.