I believe the way resale points are currently treated, Steven is correct.
That said, in the effort of full disclosure, I will give you some language to ponder...
My cut and paste excerpts are from the Exchange Docs....in full here.
http://www.my-vacationclub.com/common/vc/en-us/pdfs/enrollment_legal_docs/exchange_procedures.pdf
Below is what is says about certain benefits. So based on my reading, they do have the ability to limit the usage of resale points if they choose. That said, it appears that if you pay the $2/point junk fees, limitations appear to be limited to potential non usage of Special Benefits, which as defined seem to be certain Explorer Collection benefits (hotel accommodations, cruises, other travel services). Again, I do not believe anybody has reported that they are limiting resale points now, I just want to point out that it does appear they have the ability to do so if they choose to.
The excerpt....
IV
H.
Base Exchange Benefits, Base Plus Exchange Benefits, and Special Benefits. Exchange Company may offer Special Benefits and/or Base Plus Exchange Benefits through the Program to certain Program Members and not others (which may include, but is not limited to, variance among Affiliate Programs(s) and levels of Membership), from time to time. Such Special Benefits may vary, are not part of the Affiliate Program (or its reservation system), and are provided solely as part of the Program at the sole discretion of Exchange Company. Exchange Company has the right to establish such rules and regulations as it deems necessary to adequately govern Program Member access to such Special Benefits, which may include certain fees. In addition, Exchange Company has the right to restrict use of any Base Plus Exchange Benefits and Special Benefits offered by Exchange Company to certain Program Members, including, without limitation, only to those Program Members who (i) purchase an Interest from or through an “Approved Broker” which includes: (a) the developer of the Program Member’s Affiliate Program or Component; or (b) such other entity approved by Exchange Company, from time to time; (ii) acquire the Interest by virtue of being a Family Member by gift, will, divorce decree, testamentary disposition, intestate succession or trust from a Program Member; or (iii) is otherwise granted Membership by Exchange Company, upon the terms and conditions then determined by Exchange Company in Exchange Company’s sole discretion. If a Program Member does not satisfy the criteria set forth above in this Section IV.H., such Program Member may be limited to only Base Exchange Benefits, or upon payment of the initiation fee, if permitted in Exchange Company’s sole discretion, Base Plus Exchange Benefits. Any offered Special Benefits are subject to separate terms and conditions, which may be changed, substituted, or eliminated without prior notice. Some Special Benefits may be provided by independent third parties and Exchange Company expressly disclaims responsibility for the acts or omissions of any persons or entities providing such Special Benefits. Special Benefits are only available to Guests that are accompanied by a Program Member or a Family Member of the Program Member.
Some Definitions from the end of the docs....
Base Exchange Benefits mean the limited ability to make exchanges during the Open Reservation Period and access to such other programs and services defined and offered by Exchange Company as Base Exchange Benefits, from time to time, in Exchange Company’s sole discretion.
Base Plus Exchange Benefits mean the ability to make exchanges during all the Reservation Windows subject to these Exchange Procedures and access to such other programs and services defined and offered by Exchange Company as Base Plus Exchange Benefits, from time to time, in Exchange Company’s sole discretion. The ability to utilize a Base Plus Exchange Benefit may not be available to all Program Members.
Open Reservation Period means the period beginning sixty (60) days before the first day of a given unreserved Use Period.
Special Benefits mean special products, services, benefits, and vacation/recreational experiences offered by Exchange Company, including, without limitation, the ability to reserve hotel accommodations, cruises, other travel services, and to receive Single Use Points. The ability to utilize a Special Benefit may not be available to all Program Members including, specifically, Program Members who are entitled only to Base Exchange Benefits. If Special Benefits are available and a Program Member is eligible to purchase or utilize any Special Benefits, separate terms and conditions shall apply to the purchase and use of such Special Benefits.