*** FREQUENTLY ASKED QUESTIONS *** What is time share? Time share is the periodical shared use of property by a number of users or owners over a number of years. What is the purpose of time share? Low cost vacations at first class choice holiday resorts. How does one become a time share owner? By purchasing either from a time share company or a previous owner of a time share contract. Where are time share properties located? The time share industry is located in Canada, United States, Caribbean, Mexico, Central & South America, Europe, South Africa, the Asian Pacific region and Australia. How can I get information regarding reputable time share companies? When purchasing promotions from a time share company, check with the Better Business Bureau. RCI, Interval International, Vacation International, Ltd. and the Lawrence Welk Resort Villas are the companies I am most familiar with. Owners interested in selling their units/time share contracts ALWAYS deal with a reputable firm; NEVER deal with a firm who asks for fees up front; and NEVER deal with a firm that has a "GUARANTEED" buyer for your timeshare/unit. Can I visit a time share resort before making any commitment to purchase? Yes, Vacation International, Ltd. has two plans available for non-owners. You can vacation in some of their fantastic destination resort areas, staying in the same deluxe condominiums VTS Owners enjoy by using either their Friends Plan or their Breakaway packages. Phone 1-800-444-6633. Brochures are mailed free. Reservations can be made up to 10 months in advance. Popular resort destinations are available in Mexico, Hawaii, Oregon, California, Nevada, and Idaho. How can I meet other time share owners? I am a time share owner. Please send e-mail to firstname.lastname@example.org I would like to hear from other time share owners. Vacation Time Share Owners in Victoria do have meetings. Doug Crowe, Acting facilitator, can be reached at 652-5071. I can be reached at (604) 727-2379. If I purchase a time share contract from one company, must I always holiday with that one company's resorts or can I exchange my time share contract accommodation for a condo with another time share resort company? RCI, Interval International and Vacation Internationale, Ltd. all have exchange programs available to owners. A Five Star Award is widely considered the most prestigious quality designation a time share company can receive in the vacation ownership industry. Vacation Internationale, Ltd's resort, Embarcadero on the Oregon Coast, Oasis in Palm Springs and The Pines at Sunriver in Central Oregon were the resorts chosen for the 1994-1995 Interval International Five Star Awards. A Superior Service Award was given to both Sea Mountain on the Big Island of Hawaii and the Oasis in Palm Springs. What is Interval International, Inc (II)? Interval Internationa, Inc (II) is the developer and manager of the II Exchange Program, one of the premier exchange programs in the time share industry. Since its inception in 1976, the II Exchange Program has grown to over 1,200 affiliate resorts world-wide and approximately 500,000 members. In December 1992, II was purchased by CUC International Inc., a publicly- held, Fortune 500 company, traded on the New York Stock Exchange. CUC is American's largest provider of membership-based discount services, with over 28 million members. This has enabled II to enchance the benefits package offered to its own II Exchange Program members, including the World Card Preferred Program. How can one enroll in the II Exchange Program? Simply call II at 1-800-622-8110. II's representatives will take your enrollment over the phone or send you an application form to complete and return by mail or fax. Be sure to ask the cost of the II Exchange program membership and making II exchanges. You might also like to ask them about their WorldCard Preferred program, its value, and costs. Once I have purchased time share, is there a yearly maintenance fee? Always. The amount depends upon the company one has their time share contract with. Is there a resale market for time share owners? Yes. However many of these resale time share industry companies are expensive, charging the seller an upfront large fee. This fee does NOT guarantee the seller a sale. Resort Condo Marketing at 1-800-72-CONDO in California will mail free of charge, information pertaining to time share contracts and condos for the area a person may wish to purchase. Their information contains the week, season, brms/occ, asking price, name and phone number of owners wishing to sell. Negotiations are between the owner and the purchaser. However this company is expensive and requires you to put your money up front. For example, if I paid them $495 US, they would mail information about my timeshare to anyone making enquiries about timeshare in a specific area. However this does not guarantee a sale as final negotiations are left up to the individuals.