FSP Fee?

[FLDVCFamily]

I was just reading some threads on here and I came across a post that said something about an FSP fee based up on the # of points owned. What is this? How much does it typically run, and is it in addition to MFs and property taxes? I'm looking to buy some Wyndham points on Ebay and I want to be informed before I do. Thanks!

 

[garmich]

I was just reading some threads on here and I came across a post that said something about an FSP fee based up on the # of points owned. What is this? How much does it typically run, and is it in addition to MFs and property taxes? I'm looking to buy some Wyndham points on Ebay and I want to be informed before I do. Thanks!

The FSP is the FairShare Plus Program Fee. Here is an excerpt from the Members' Directory:

"The Program Fee is determined annually by the FairShare Plus Board of Directors on a pro-rata basis based on the number of points assigned to each Member. The fee is used to pay the operating and administrative expenses, such as personnel, member services, telephone and computer systems, Members' Directories and updates, the Plan Manager fee, annual audits and other related expenses."

This fee is in addition to the Property Owners' Association Maintenance Fee (MF) and Property Tax.

 

[garmich]

I was just reading some threads on here and I came across a post that said something about an FSP fee based up on the # of points owned. What is this? How much does it typically run, and is it in addition to MFs and property taxes? I'm looking to buy some Wyndham points on Ebay and I want to be informed before I do. Thanks!

In 2008, the FSP rate was $0.52 per 1,000 points.

 

[Jya-Ning]

In 2008, the FSP rate was $0.52 per 1,000 points.

It is the fee to maintain the internal system and give you free external exchange membership fee.

There are 3 level
from 0 to 154k
from 154k to 300k
300k and above.

And depends on if you get plus partner (will add some cost) or not

The current fee structure is
105.5 86.82
.68 per 1000 .56 per 1000
.52 per 1000 .50 per 1000

Jya-Ning

 

[Ridewithme38]

Ok now i understand what FSP fee's are...I from what i gather...my bill at the end of the year(If paid annually) will include the MS's, FSP fee,and if in florida Property Taxes....Are there other Taxes and/or fee's tacked onto this? What are they?

Generally after paying the annual fees...How much do you budget for other resort type fees(Not food, recreation) like taxes, housekeeping, other(What are the other?)

I'm within the research phase of buying...and want to make sure i don't Overextend my points purchase by not included all(or atleast the regular) incidentals

 

[bnoble]

I answered this in your other thread.

 

[mshatty]

Ok now i understand what FSP fee's are...I from what i gather...my bill at the end of the year(If paid annually) will include the MS's, FSP fee,and if in florida Property Taxes....Are there other Taxes and/or fee's tacked onto this? What are they?

Generally after paying the annual fees...How much do you budget for other resort type fees(Not food, recreation) like taxes, housekeeping, other(What are the other?)

I'm within the research phase of buying...and want to make sure i don't Overextend my points purchase by not included all(or atleast the regular) incidentals

Florida tax bills are not in your end of year bill. They are sent separately.