Original Message:
Renting out RCI or II Exchanges is prohibited --- period. (by KC):
Unfortunately, you were given completely incorrect information by this (unidentified) "timeshare company" in the cited "items 1, 2 and 3" above. The II and RCI terms and conditions of service are crystal clear and in writing on the issue of renting out weeks obtained via exchange --- and it has simply always been prohibited. Resorts have no say in the exchange company rules and /or terms and conditions of membership --- none at all.
If II or RCI discover that a week obtained from them via exchange is later rented out by one of their members, RCI and/or II can (and will) unilaterally cancel the membership AND cancel the reservation, leaving the member without an exchange company membership and leaving the would-be "renter" with no place to stay. "Intent" and "resort opinion" and "future practices" are all completely irrelevant and have absolutely nothing to do with this issue. Yes, some people do it anyhow -- and some "get away with it", but the risks of violation of terms of membership (as specifically identified above) are both very clear and very real.
Don't shoot the messenger; I'm merely informing you of the long standing, crystal clear, written, terms and conditions of both of these two exchange companies. You can rent a week which you actually OWN (i.e., you pay the maintenance fees, you're the deeded owner) however you may see fit, at any price you can command. BUT--- you CAN'T rent out to someone else ANY week which you DON'T actually own, but have instead merely acquired from either RCI or II via the deposit / exchange process. Period. No exceptions, no exemptions, no "grey area". You can get a guest certificate in someone else's name from the exchange company, but there can be no actual compensation between the parties involved. I didn't write the rules --- but I HAVE certainly read and understood them quite clearly in the course of my 25 years of timeshare ownership...
It's your decision to make ---and your risk to take. Good luck.