Inspired by Disney ROFR points….

[Maistre Gracey]

Points are only a representation of owned real estate. IE: ..004% of 34C, represented by 125 points (example only).

If several sells at a sold out resort, then someone wants to purchase 350 points, what does their contract read?? .004% of 44b, plus .001 37c, plus .007of 95b…

Get my point?? They are selling fractions of units, only represented by points.

 

[CarolMN]

AFAIK, DVD only sells contracts with points from ONE unit. For your example, DVD cannot sell a contract for 350 points if there isn't a unit that has that amount available..

I believe that one of the ROFR criteria is the unit number. That is why we sometimes see two seemingly "identical contracts" treated differently in ROFR - one passes and one does not. The one that is taken is associated with a unit that DVD wants/needs.

 

[Sandisw]

If they do not have enough points in a single unit, then you are sold multiple contracts in different units, that end up with the total number of points. For example, I might want 200 points and they have 100 deeded to Unit 1A and 100 deeded to Unit 2A...I end up with two different contracts with 100 points each...not a single 200 point contract.

If you want a large scale number of points, and it would take lots of contracts to do that, I have been told that they will say they don't have enough to sell you.

 

[DisTravels]

I understand that DVC are Right To Use (with expiration date) rather than ownership (perpetual)

 

[zavandor]

Once they had a similar problem with UY, but it's been a few years since they've changed the POSs to include the possibility of changing the UY of points they own.