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Trust Point Questions

M

McFail

TUG Member
Joined
Jun 8, 2005
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Can someone give me a quick rundown on trust points with respect to buying them resale or selling them as a owner?

My Marriott stacked retired parents converted to Legacy last year without telling me. I'm in between social calls to sales office while on vacation with them right now. My first visit combined with TUG has me all set with the Legacy stuff. They will probably do better by converting given the sheer number of weeks they have and how they use them.

What I've been having trouble with is my question above. Need something to dig into before we go back and chat. No worries, the only way they will buy more is if they add a Big Island property.
 
P

puckmanfl

TUG Member
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Mar 11, 2010
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good morning...

very restricted....

The seller must pay a "re-education fee/fee to waive ROFR" The purchaser of Trust resale points cannot access inventory in Exchange Company (the place where Legacy weeks go when turned in for DC or MR points). Trust inventory (with resale points) can only access Trust inventory within 60 days of check in.... The new owner would pay purchase price + MF for life (currently $0.41/pt). I don't think a new owner would accept this deal for FREE... Don't take my word for it. Ask the sales rep for a copy of the resale policy IN WRITING!!!

Most of the sales reps don't even know the resale policy!!! When I asked, I was told "if you need to worry about resale,you should not buy". I asked the rep if he had ever heard of illness, death divorce etc.???

p.s I LOVE my Legacy points as they work great
 
M

McFail

TUG Member
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So there appears to be no way to sell the trust points unless there is a buy back program which is surely a poor deal too.

A no way out program? great....
 
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