Please tell me what FROR is!?!?!?

[agotta]

 

[disneyeveryyear]

ROFR = Right of First Refusal

If you try to sell your DVC points, DVC will review the contract, if they like the terms, they have the right to buy the contract at the exact terms negotiated between you and your buyer.

 

[Cinderpals]

ROFR stands for right of first refusal. Disney gets to review any contract being sold indirect of Disney, and has the option to buy it back. Many of us purchasing resale points from an outside agency go through a waiting period for Disney to review the contract for repurchase. We call it 'passing' if Disney choses to not repurchase. Sometimes, there's a pattern of point thresholds that Disney will buy back contracts at certain resorts. We never know if they will let one through below that point threshold, or what exact factors Disney considers when repurchasing a contract.

I just had one contract pass ROFR, but haven't heard yet on another one. It's a waiting game! There's a thread devoted to those waiting to pass ROFR* It can be nerve racking at times.

 

[melkimmom]

I had the same question, Thank you for bringing it up.

 

[Caskbill]

FROR = ROFR, they're the same thing. Depending on the source, (Disney, DIS boards, Real Estate Agents, Legal Papers) one or the other may be used. Both are legitimate.

FROR = "First Right of Refusal"
ROFR = "Right of First Refusal"