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Old 12-29-2013, 09:21 AM   #1
itutorfortravel
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Fee for submitting offer?

Is there a fee for submitting an offer for a dvc? I saw something on one if the resale sites about a $195 fee per transaction that went into effect recently but I wasn't sure what that meant.
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Old 12-29-2013, 09:28 AM   #2
CarolMN
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Sounds like Fidelity. They charge a $195 "administrative" fee (aka an "additional profit to the broker" fee) to the buyer, but AFAIK, it's only charged at closing.

Again, AFAIK, none of the reputable brokers charge a fee to just submit an offer. If you find that there is such a fee, my advice is to walk away.
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Old 12-29-2013, 09:33 AM   #3
itutorfortravel
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Quote:
Originally Posted by CarolMN View Post
Sounds like Fidelity. They charge a $195 "administrative" fee (aka an "additional profit to the broker" fee) to the buyer, but AFAIK, it's only charged at closing.

Again, AFAIK, none of the reputable brokers charge a fee to just submit an offer. If you find that there is such a fee, my advice is to walk away.
Thank you I think it was fidelity! Also, I'm sorry but what does AFAIK mean? Newbie here
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Old 12-29-2013, 09:37 AM   #4
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Oops! Sorry. AFAIK, is an abbreviation for As Far As I Know.
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