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25. As with Option 1, Option 2 of the Universal Lease Program is also conspicuously overlooked

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in connection with YUCATAN’s efforts to recruit and train additional YUCATAN sales agents. Far

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from providing an overview of Option 2, a YUCATAN recruiter plainly indicated to prospective sales

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agents that the only Universal Lease option of interest for sales agents was the investment option, Option

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24. Beyond the apparent financial disincentives, the YUCATAN promotional materials provide no

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discussion, comments or guidance over the advantages of selecting option 2, other that the brief

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suggestion that this self-renting option could be carried out through the “simple placing of an

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advertisement in the local paper.” This claim ignores the obvious logistical concerns presented by placing

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newspaper advertisements in a foreign country and in a city whose of icial language is not English. Nor

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does it take into concern the impracticality of overseeing the rental of a weekly timeshare unit hundreds or

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even thousands miles away.

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has been made, as to the location, resort type and permitted dates of use for the timeshare. The

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undesirability of this selection is further conveyed by RHI’s brochure warning that this self-renting option

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Docket No. S-03539A-03-0000

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will not bring in the same level of revenues as would a professional third party servicing agent.

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their timeshare investments every year for a period of 25 years, after which time the lease would be

renewable for another 20 years.

brochures, investors who “select” Option 3 would be eligible to receive a 9 per cent per annum return on

mandate the selection of WORLD PHANTASY as the investors’ servicing agent, such a selection is the

26. Unlike the illusory selections of Options 1 and 2, Option 3 is repeatedly touted, highlighted and

glori ied in YUCATAN’s Universal Lease literature. According to YUCATAN and RHI’s promotional

management company for this servicing function. Although the Universal Lease application does not

investor’s timeshare unit. The YUCATAN materials identify WORLD PHANTASY as the designated

27. For an investor to reap the 9 percent per annum return under this Universal Lease option, the

investor was required, as part of his investment, to hire a “third party” management company to lease the

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