What would be good going rate on Ebay for Worldmark credits?

[LLW]

The Club Guidelines specifically allow rental of reservations made with credits. Club Guideline C-12:

"Guest Use. Any non-owner use, whether by rental or gift, is considered Guest usage by the definition given above in Section A.2. The Owner making the reservation is responsible for Guest behavior, charges resulting from Guest usage and Guest compliance with all applicable Club Guidelines and Restrictions. The Owner does not have to be present during Guest usage of Vacation Credits. However, the Owner does have to be present during the Guest usage of Bonus Time, unless the reservation is made no earlier than five (5) days before the first day of the reserved period. An Owner may charge a Guest for use of Vacation Credits in whatever amount the Owner chooses, but may charge Guests for Bonus Time usage in only the actual cost of Bonus Time. Owners shall not charge any fee in cases where rental is prohibited by local law or restriction, or in cases that the Club Board determines are not in the best interest of the Club. "

P.S. On the other hand, II and RCI prohibit the rental of confirmed weeks.

 

[melschey]

The only way I've ever rented weeks (I don't own WM) is to reserve the strongest week I could and then rent it. Most times they don't rent until inside of 90 days so it seems to me if you can't rent a reserved week then WM would not be very good for rentals.

WM owners can rent reserved weeks and we don't have to pay for a guest certificate. The owner is however responsible for any damage to the unit by the renter.

 

[Robert D]

The Club Guidelines specifically allow rental of reservations made with credits. Club Guideline C-12:

"Owners shall not charge any fee in cases where rental is prohibited by local law or restriction, or in cases that the Club Board determines are not in the best interest of the Club. "

Looks to me like the last part of these rules gives the WM Board authority to restrict rentals in the future.

 

[larry_WM]

Quote:
Originally Posted by LLW
The Club Guidelines specifically allow rental of reservations made with credits. Club Guideline C-12:

"Owners shall not charge any fee in cases where rental is prohibited by local law or restriction, or in cases that the Club Board determines are not in the best interest of the Club. "



Looks to me like the last part of these rules gives the WM Board authority to restrict rentals in the future.

Your quote only valid for bonus time reservation, with credit reservation, WM owner can charge wahatever price .

 

[cotraveller]

Your quote only valid for bonus time reservation, with credit reservation, WM owner can charge wahatever price .

Restrictions could be applied to all reservations. Here's the full Guideline C-12. I highlighted the rental restriction portion at the end.

12. Guest Use. Any non-owner use, whether by rental or gift, is considered Guest usage by the definition given above in Section A.2. The Owner making the reservation is responsible for Guest behavior, charges resulting from Guest usage and Guest compliance with all applicable Club Guidelines and Restrictions. The Owner does not have to be present during Guest usage of Vacation Credits. However, the Owner does have to be present during the Guest usage of Bonus Time, unless the reservation is made no earlier than five (5) days before the first day of the reserved period. An Owner may charge a Guest for use of Vacation Credits in whatever amount the Owner chooses, but may charge Guests for Bonus Time usage in only the actual cost of Bonus Time. Owners shall not charge any fee in cases where rental is prohibited by local law or restriction, or in cases that the Club Board determines are not in the best interest of the Club.

The restriction at the end applies to rental of any reservation, not just Bonus Time reservations. Restrictions could be placed on any rental.

 

[LLW]

Looks to me like the last part of these rules gives the WM Board authority to restrict rentals in the future.

Wyndham itself rents out the most Worldmark nights. Their TravelShare VIP program depends on it. And it is done based on the theory that Wyndham has the same rental rights as an ordinary owner. You can be pretty sure that they are not going to limit owners' renting rights.

P.S. For people who didn't know, currently "the WM Board" = Wyndham.

 

[ecwinch]

... it is done based on the theory that Wyndham has the same rental rights as an ordinary owner. You can be pretty sure that they are not going to limit owners' renting rights.

P.S. For people who didn't know, currently "the WM Board" = Wyndham.

Ditto - If they have the same rights, they have the same restrictions. Of course that does not mean the BOD cannot authorize some special "program" that is outside the by-laws.

 

[larry_WM]

Wyndham itself rents out the most Worldmark nights. Their TravelShare VIP program depends on it. And it is done based on the theory that Wyndham has the same rental rights as an ordinary owner. You can be pretty sure that they are not going to limit owners' renting rights.

P.S. For people who didn't know, currently "the WM Board" = Wyndham.

And who is the second biggest renter group after Wyndham. The most advocate figures at wmowners group. They are the one who reserved and rent out the most desirable TS of WM

 

[ecwinch]

And who is the second biggest renter group after Wyndham. The most advocate figures at wmowners group. They are the one who reserved and rent out the most desirable TS of WM

But the WM rental market is not out of control, like the Wyndham market is. Just do a search in the Lodging market on E-Bay. Searching for WorldMark yields 11 results with only 3 units available for rent.

Same search for Wyndham yields 325 auctions.

 

[LLW]

And who is the second biggest renter group after Wyndham. The most advocate figures at wmowners group. They are the one who reserved and rent out the most desirable TS of WM

The second biggest "group" is the group on the official Worldmark site.

 

[larry_WM]

The second biggest "group" is the group on the official Worldmark site.

Thet only rent out credits, not desirable rooms have been reserved

 

[LLW]

Thet only rent out credits, not desirable rooms have been reserved

The official Worldmark site does have reservation rentals, actually. There is one forum for credit rental and 2 forums for reservation rental on there. On the contrary, on wmowners, there is one forum for combined wanted and available reservations, and owners are highly encouraged to rent out at cost, although the reservations may be very desirable. "Terms of all "WM Reservation for Rent" ads are limited to the actual replacement credits, plus actual fees." WMO is a free site.