Resale Policy: As of March 21, 2011, you will not be able to use the Vacation Points associated with this Ownership Interest to make reservations for the Concierge or Disney Collection options such as the Disney Cruise Line, Adventures by Disney, or select Disney resorts. Instead, your Vacation Points can be used for reservations at the 14 Disney Vacation Club resorts and for exchanges with II (also known as the World Collection). Further, as of April 4, 2016, you will not have access to other Disney Vacation Club Incidental Benefits (also known as Membership Extras) such as Member discounts on dining, shopping, annual passes, Member exclusive events, and certain special Member offers. Effective January 19, 2019, only Members who purchase directly from Disney will be able to use their Vacation Points at future Disney Vacation Club Resorts—such as Disney’s Riviera Resort or the Villas at the Disneyland Hotel. Resale contracts purchased for the existing 14 Disney Vacation Club Resorts will only be able to exchange Points into those 14 Resorts.
More information about the differences and a visual chart can be found here: DVC Resale Policy
DVC Member Tip: How To Get DVC Benefits As a Resale Owner