Property Class of Listings

Posted by PRO Tue, 16 Jan 2007 15:14:00 GMT

(Section 4.0)

There are five property classes in the Multiple Listing Service.

  • Residential. Single family homes, condos, co-ops, townhouses, condo-hotel, mobile with land (owned), boat slip and time share properties use the residential  (RES) profile sheet. Mandatory

Note:  Time share properties that have a fee-simple form of ownership may be submitted to the MLS by the MLS Participant.  Other forms of time-share ownership (e.g. Innisbrook) may require additional licensure, such as a securities dealer’s license.

Note:  Boat slips that have a county use code of condominium may be submitted to the MLS by the MLS Participant.  

  • Residential Multifamily. Multifamily residential buildings with two to four units use the multifamily (MUL) profile sheet. Mandatory

  • Land. Residential vacant land and subdivided residential vacant land use the land (LAN) profile sheet. Mandatory

  • Commercial. Commercial properties for sale, lease, exchange or for business opportunities use the commercial (COM) profile sheet. Voluntary

  • Rental. Residential and vacation rentals use the rental (REN) profile sheet. Voluntary

The following applies to all listings.

  • Participants and Subscribers must use a written listing contract acceptable to the MLS.

  • Listing contracts must be an Exclusive Right to Sell, Exclusive Brokerage, or other exclusive arrangement that clearly identifies the Participant responsible for the brokerage relationship.

  • The listing must be for the sale and purchase or lease of real property or an interest in real property only. Any personal property involved in the sale or lease is incidental.

  • The listing contract, which includes the signatures of all parties and an effective and expiration date, must be legally enforceable in the state of Florida.

  • The listing must be filed with the MLS within two business days after receiving all necessary signatures of sellers unless another date is specified in writing and signed by the seller.

  • Listings cannot be entered into the MLS database prior to the effective date of the listing contract.


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