Which other DVC resellers can broker Fidelity listings?

[FloFlo71]

I have seen an interesting contract on Fidelity's website but they take so long to get back to me with answers to any questions I was wondering whether any other dvc resale companies can broker these deals?

Thanks

 

[janischa]

just curious, why would someone go via a second broker for fidelity listings ? doesn't this imply 2 commissions and thus less negotation room ? why would this be better than going directly through fidelity ?

 

[FloFlo71]

I didn't think there would be 2 fees to pay. Will there?

I just read on here that other brokers had access to fidelitiy's listings I assumed they would deal with the seller.

 

[janischa]

i don't know; it just seems to me, why would fidelity share it's listings if it didn't also get a cut on it ? but again, i don't know, still trying to understand all myself

 

[JimMIA]

just curious, why would someone go via a second broker for fidelity listings ? doesn't this imply 2 commissions and thus less negotation room ? why would this be better than going directly through fidelity ?

First of all, the SELLER pays the commission.

When there are multiple brokers involved -- which is the norm in residential real estate -- the brokers just split the commission. Both are happy to have something rather than nothing.

In a two-broker transaction, one broker would represent your interests and Fidelity would represent the seller. Your broker would submit the offer to Fidelity, they would submit it to the seller, etc. Once a deal is achieved, all of the paperwork goes to a separate closing company for finalization.

 

[ljcrochet]

just curious, why would someone go via a second broker for fidelity listings ? doesn't this imply 2 commissions and thus less negotation room ? why would this be better than going directly through fidelity ?

We are in the process of buying a HHI resale, DH emailed one of the brokers telling them what use year we need, and they sent us a list of some that that was held with other other brokers. Once we made the offer, we were told that Fidelity is the broker that had the listing. Now we are just waiting to hear if it passes ROFR.