New $500 Resale DVC Transfer Fee

[Sandisw]

It’s not a transfer fee, they specifically call it a Contract Administration Fee. In no world would their lawyers have not made sure this thing wasn’t bullet proof before implementing it.

That’s a good point and now it makes me wonder if the $150 estoppel fee they charge will be inclusive of this and not in addition to it?

I agree that there is no way that to didn’t get vetted as to something that it allowed.

 

[drusba]

It’s not a transfer fee, they specifically call it a Contract Administration Fee. In no world would their lawyers have not made sure this thing wasn’t bullet proof before implementing it.

The statute provides that "No charge shall be made by the association or any body thereof in connection with the sale" of the condominium interest. And that means what it says. If the charge is identified as one being made "in connection with the sale," which DVCM's charge is, it is prohibited regardless of what clever rename DVCM or its lawyer tries to give it.

 

[gvel]

The statute provides that "No charge shall be made by the association or any body thereof in connection with the sale" of the condominium interest. And that means what it says. If the charge is identified as one being made "in connection with the sale," which DVCM's charge is, it is prohibited regardless of what clever rename DVCM or its lawyer tries to give it.

I hope you're right but somehow doubt Disney lawyers would mess this one up so badly. If this is the case someone in legal is surely getting fired.

 

[TheDailyMoo]

I don't know this just feels short sighted by Disney brass yet again. Sure this'll net them revenue but everything lately just keeps leaving sour tastes in more and more customer's mouths. Eventually Disney's customers will have no feeling left on their tongues! But I'm sure this'll stick just like how Verizon and other carriers charge an upgrade/activation fee when you get a new phone. There is absolutely nothing extra of substance for them to do to swap the service from your old phone to your new phone yet...here we are.

And I think what everything boils down to is...charge us...go ahead....raise prices fine. Just give us service and maintenance that is commensurate with said money grabs.

 

[Carouselofplanning]

I hope you're right but somehow doubt Disney lawyers would mess this one up so badly. If this is the case someone in legal is surely getting fired.

I step away from this board for one day and all hell breaks loose. Remember the simpler times when we were just complaining about the new annual meeting format? Those were the days!

 

[AstroBlasters]

I don't know this just feels short sighted by Disney brass yet again. Sure this'll net them revenue but everything lately just keeps leaving sour tastes in more and more customer's mouths. Eventually Disney's customers will have no feeling left on their tongues! But I'm sure this'll stick just like how Verizon and other carriers charge an upgrade/activation fee when you get a new phone. There is absolutely nothing extra of substance for them to do to swap the service from your old phone to your new phone yet...here we are.

And I think what everything boils down to is...charge us...go ahead....raise prices fine. Just give us service and maintenance that is commensurate with said money grabs.

It won’t impact people who are buying direct or who aren’t selling their points…. which in any given year is the overwhelming majority of the membership.

If you are thinking about buying or selling resale and have not pulled the trigger yet…. yeah…. no fun…

 

[Happily-Ever-After]

Gosh, Disney... So if you sell a 25 AK contract for $125, you’ll gross $3,125. You’ll pay $313 in commission, $500 for contract administration, and $150 for Estoppel. 30% gone. There is no way their costs are $500 per contract for administration. Another money grab and another way to stick it to resale.

 

[Genie+]

I step away from this board for one day and all hell breaks loose. Remember the simpler times when we were just complaining about the new annual meeting format? Those were the days!

I too remember the simpler times, like when the Skyliner opened Fall of 2019.

Endless threads discussing a wide array of doom predictions. Then Spring 2020 happened. We all forgot how bad skyliner was supposed to turn out!

 

[Sandisw]

The statute provides that "No charge shall be made by the association or any body thereof in connection with the sale" of the condominium interest. And that means what it says. If the charge is identified as one being made "in connection with the sale," which DVCM's charge is, it is prohibited regardless of what clever rename DVCM or its lawyer tries to give it.

Since DVCMC is the one handling this, it’s not really the condo association charging the fee is it?

Could that make a difference? We get charged a fee for estoppel when selling? Wouldn’t this be similar? Paperwork?