You are right, it does not charge $195 fee anymore.
I just found out that this is not entirely true. Fidelity now charges a flat rate for closing, based on the purchase price of the contract. I was quoted a flat rate of $400 to close a contract with a purchase price of $3500.
I compared that with the closing costs I paid on a contract through them in July 2010. The July contract had a purchase price of $4350.
In July I paid:
Administrative Fee - $195.00
Settlement Fee for closing services - $147.20
Abstract or title search - $50.00
Title Insurance - $60.00
Recording fees for deed - $18.50
State tax/stamps (no mortgage) - $30.80
Recording fee for waiver of ROFR - $18.50
Total closing costs for $4350 contract - $520.00 (including the $195.00 fee)
My total closing costs on this same contract through another resale company would have been $325.00, which is $75.00 less than Fidelity's flat fee for closing a contract that is 25% smaller in purchase price. The settlement fee should be lower for the smaller contract, and the state tax would be lower as well, but all other costs would be equal. So, Fidelity is still the most expensive option among the resale companies.