Exhibit 7: Definitions

Exhibit 7: Definitions

Definitions and Explanations of Data Fields


TERM
FLEX LABEL
SINGLE FAMILY
# of Bedrooms

Must meet the following criteria:
1. Must be included in the Primary Living Area

2. At least half the room must have ceiling height of 7 feet

3. Must have interior and exterior egress (Windows/Doors) that meet regulatory requirement

4. Must have enough space to accommodate a twin bed

5. Cannot have more bedrooms than the septic permit allows

NOTE: Bedrooms not in Primary Living Area should be added to the Separate Living Spaces field. (BOM 4/2/2020)
3rd Floor Finished

Consult Exhibit 6 Square Footage Guidelines for the definition of "finished"
3rd Floor Unfinished

Missing one or more components described in Exhibit 6 Square Footage Guidelines
Active

See Section 2.5 The property is available for sale
Additional Compensation
Add/Incentives/Bonus
If Variable = 'yes' you must explain here.
See Section 5.1 NCREC Rule A.0109 requires disclosure where cooperating broker's additional compensation is more than "nominal."
Addt Quarters Detached
Separate Living Spcs
Separate living quarters.

NOTE: Caution should be exercised to determine whether such quarters are permissible under current zoning, whether grandfathered and, if substantially destroyed, whether it could be rebuilt.
Advertising Remarks
Advertising Remarks
Agent ID
Login Name
Enter NRDS number of any agent firm chooses
Agent Interest
Broker Owner: "Yes" or "No"
Where agent has an ownership, interest chose "Yes" otherwise, choose "No"
Agent Remarks
Agent Remarks
Alarm
Security System found in Details Tab under Interior Features
Property has a security system. If one is installed but inoperable, place information in a Public Remarks field.
Appliances

Any fixture or personal property appliance that will convey. If any will not convey DO NOT include in this field.
Appt Contact Name
Appointment Contact Name
Who to contact when scheduling an appointment.
Assoc Information
HOA="Yes" "No"
The HOA management company’s name. If there is not one, enter "None"
Assoc Management
HOA Company
When more than one HOA management company, enter name here.
Assoc Management Phone
HOA Phone
Telephone number of the 1st HOA company. If none, enter "None"
Association Fees Include

Only select amenities that are INCLUDED the HOA dues such as pool, tennis court, etc.

NOTE: Other neighborhood amenities NOT included in HOA dues must be included in the Neighborhood Amenities field.
Attic
Attic
Table field that describes the kind of access, if any.
Auction
Auction
If the property is subject to an auction agreement with the seller, choose "Yes"
Bathroom - Full
# Baths - Full
A bathroom that has a sink, toilet, and shower, tub or shower/tub combination
Bathroom - Half
# Baths - Half
A bathroom that has a sink and toilet but No shower, tub or shower/tub combination
Boat slip Length
Boat Slip Length
The distance from the shore end of the boat slip to its terminus at the water. Please consider scanning appropriate documents and attaching them to the listing. Where the slip runs parallel to the shore enter the longer measurement here.

NOTE: If subject to a CAMA permit, you might want to scan a copy and attach it to the listing. If subject to a CAMA permit and none exists, you will want to speak to an attorney.
Boat slip Width
Boat Slip Width
The distance from the right side of the boat slip to the left side of the boat slip. Please consider scanning appropriate documents and attaching them to the listing. Where the slip runs parallel to the shore enter the shorter measurement here.

NOTE: If subject to a CAMA permit, you might want to scan a copy and attach it to the listing. If subject to a CAMA permit and none exists, you will want to speak to an attorney.
Bonus Room
Bonus
Any room that cannot be described by another choice in the table values
Breakfast Nook
Breakfast Nook
A separate room adjacent to or partition-wall area in the kitchen.
Building Style
Style
Choose a value that describes the style of the house
Buyer Agents
Buyers Agent
The cooperating broker who has a signed agency agreement with the buyer
Cable Avail.
Cable
If there is a cable TV connection at the slip, please choose Yes; otherwise, choose No
Carport Spaces Attached
Attached Carport Spaces
A carport that is joined to the house. Enter a number that explains the number of cars that may be parked under the carport
CDOM
Cumulative DOM
Cumulative Days on Market. The number of days calculated from the listing date until the property status is changed to pending even though the property is listed by multiple firms. CDOM restarts when the status is Cancelled or Expired for > 30 days.
City
City
Select the city matching either the physical or mailing address of the property. If the city is not listed, request that it be added by using this link: New City
Closing Date

The Date the Sale has been Recorded at the Register of Deeds. Or the Date a Lease or Lease w/ Purchase Option agreement has been executed. (BOM 11/14/19)
Co-Agent ID
Co-listing member
Enter NRDS number of any agent firm chooses
Co-Agent Interest

Where co-agent has an ownership, interest chose "Yes" otherwise, choose "No"
Coming Soon
Coming Soon
See Section 1 Where seller has requested a future date to begin the Marketing of the listing. Delaying Marketing up to 30 days from the List date
Co-Office ID

This field agrees with the co-agent field. It is the office where the co-agent works
Community Complex

This field describes the PUD, subdivision or general location of the property
Condo-Modular
Condominium
A condominium where the dwelling consists of a series of rooms or units (modules) constructed and inspected off-site in accordance with the NC State Building Code, transported to its ultimate site, and assembled on a permanent foundation. See Exhibit 1 of the MLS Rules and Regulations for complete instructions about disclosure
Condo-Stick built
Condominium
A condominium where the construction is stick built as opposed to modular.

NOTE: Poured concrete would likely be stick built while concrete units hoisted into position would be modular.
Confirmed Special Asmnt
Special Assessments
Where the property is encumbered by a Confirmed Special Assessment, you are required to specify the type and amount
Construction
New Construction=yes or no
Existing=a previously occupied home;
New=a home that has never been occupied;
Proposed=no construction has started;
Under construction=not locked by the builder
Cooled Areas

Describes the areas of the house that where ductwork exists to air condition the property. Where a window or through-the-wall air conditioner will remain with the property you may also use this field.
Cooling

Describe the air conditioning source
County

The county in which the property is located
Covered Parking

Parking facility that provides shelter for vehicles
Deed Book

The county deed book where the current owner's deed is recorded
NOTE: Some old deed books have both numbers and letters. The field only accepts numbers. Place the exact deed book reference in a Remark field.
Deed Page

The page number of the county deed book where the current owner's deed is recorded
Dining Room

Chose a value that describes the location of the dining room:
Formal indicates that it is a separate room with at least three walls;
Kitchen indicates that there is no formal dining room
Dining Room Type-Combination

A room for dining that adjoins any other room and that has direct access to the kitchen.
Direction

A direction that appears before the name of the street, such as "South 17th Street" The street name is 17th but the modifier is "South"
Directions to Property

Start from a point on a map and describe the direction you are traveling (north, south, east, west); then the turns would be described as "turn right" or "turn left". It is not sufficient to say use “Google or GPS” it.
DOM

Days on Market calculated by subtracting the listing date from the pending date. MLS adds one day from the date of the listing agreement until the property status= Pending.
Due Diligence Period End Date

The date in the contract except where the status is not an exact date, but triggered by an event, such as "...14 days after Lienholders' Approval", enter any future date. When the MLS reminds you of the approaching DDP End Date, revise it again to reflect another future date. Revise the listing to the correct date upon the event occurrence.
Duplicate Listings


Multiple listings that contain the same property address OR Tax Identifier number and are entered into the service as a Parent/Child Listing. (BOM 11/14/19)
Duty Agent

A confidential data field that may only be viewed with in the firm
Duty Agent Information

A confidential data field that may only be viewed with in the firm
Eff. Average Square Footage

Eff. = Efficiency: a small apartment consisting of one room that includes kitchen facilities and a separate bathroom
Enclosed Porch

A porch with walls.
Environmental Hazard

Match the Residential Property Disclosure. Where the owner has indicated No Representations, all existing hazards must be noted.
Exclusive Agency

See Section 1 and Note 1 footnote The exclusive agency listing also authorizes the listing broker, as exclusive agent, to offer cooperation and compensation on blanket unilateral bases, but also reserves to the seller the general right to sell the property on an unlimited or restrictive basis.
Exclusive Agency
Limited Service

See Section 1.2.1 and Exclusive Agency above
Exclusive Agency
MLS Only

See Section 1.2.2 and Exclusive Agency above
Exclusive Right to Lease

The property is subject to an agreement with the seller to either list the property for lease or an agreement to procure the tenant.
Exclusive Right To Sell Limited Service

See Section 1.2.1 and Exclusive Right to Sell (below)
Exclusive Right to Sell with Reservations

The exclusive right-to-sell listing with Reservations is identical to the Exclusive Right to Sell (below) except the seller has specified within the listing agreement that if the property is sold to a particular buyer(s) then the seller is NOT obligated to pay a fee to the listing broker. Cooperating brokers should always call the listing broker to discover which buyer(s) are "reserved."
Exclusive Right To Sell MLS Entry Only

See MLS Rule 1.2.2 and Exclusive Right To Sell (above)
Exclusive Right To Sell (MLS Label: Excl Right to Sell)

The exclusive right-to-sell listing is the conventional form of listing submitted to the multiple listing service in that the seller authorizes the listing broker to cooperate with and to compensate other brokers.
Existing

A construction field value where the property has been previously occupied
Expiration Date

Ending date on the listing contract
Expired

Exterior Elevation Photo

See Section 1 and Exhibit 3 The primary photo must be an exterior elevation view of the property and flagged as such in Flex (BOM 6/23/17)
Exterior Finish

Choose values that describe the exterior finish of the house
Extras

Choose values that describe amenities
Family Room/Den

A room separate from a formal living room intended for informal living
Fencing

The disclosure of the type of fencing does NOT indicate ownership. Fencing which encloses a property fully or partially only indicates the fact that there is a fence. Brokers should be careful to distinguish this fact when making a representation to a potential buyer. Buyers and sellers should be encouraged to have a property surveyed to determine if there are ANY encroachments.
Fin Room Over Garage

A room over a garage that meets the definition for a finished room under the Square Footage Guidelines--see Exhibit 6 of the MLS Rules and Regulations
Fireplaces

Enter the number of fireplaces. When the listing agency is aware that one or more are non-working, an appropriate disclosure should be made in Public Remarks
Fixtures Exception

Enter fixtures the Seller will NOT convey.
Flooring

Choose a value(s) which describes the type of flooring found in the house
Florida Room

A room where the majority of the walls are glass.
Foyer

Do NOT include a foyer in room count (BOM 10/27/16) The primary entry area described by length and breadth.
Fractional Ownership

Fractional ownership simply means the division of any asset into portions or shares. Title to the property by deed can be legally divided into shares. In certain instances, this is done by creating a "mezzanine structure", i.e., creating a company which owns the property then allowing multiple owners or investors to own shares in the company. Those shares can then be purchased and owned by more than one individual. The reasons for a "mezzanine structure" can vary. Two common reasons are to allow transfer of shares without the need to reflect changes on the title or deed to the property, and for tax benefits. (distinguished from timeshare which is use of a unit of real property for a stated period [see Timeshare])
Fuel Tank

An owned or leased container of either oil, propane or gasoline
Fully Furnished

This indicates that the real property has furniture and kitchen items (pots, pans, utensils, cutlery, dishes, etc.). It also indicates that the furnishings are included in the purchase price. To include them in the purchase price consult an attorney.
Game Room

A room designed or used for large item amusements (pool table, air hockey, etc).
Garage (#) Spaces Attached

Identify the number of cars that may be parked
Garage Apartment

A separate unit that is legally permitted containing at least an efficiency unit. Caution must be exercised to discover whether it is grandfathered and, if destroyed entirely or partially, whether it may be rebuilt.
Great Room

The term great room denotes a room space within an abode which combines the specific functions of several more traditional rooms (e.g., the family room, the living room, kitchen, dining, study, etc.) into one unified space.
Gross Annual Income


Total income before any expenses
Heat Source

Identify the types of fuel used to heat the house.
Heated Areas

Either Living Quarters and/or Other
Heated SqFt

Measure, calculate and disclose per MLS adopted NCREC Residential Square Footage Guidelines Exhibit 6
High Speed Avail.

If there is a high-speed cable connection at the boat slip, please choose Yes; otherwise, choose No
Historically Designated Property

Real property that has been designated as such and has been identified by or is on a registry of an entity such as: National Register of Historic Places, Preservation NC, NC Office of Archives and History, or a municipality, etc. When a property is designated as such, the listing broker must include a document which provides specific information for dissemination to cooperating brokers. (BOM 1/19/17)
Historic District

A historically significant area that has been designated as such by a municipality, county, state, or by the U. S. government. (BOM 1/19/17)
Hold

The listing contract remains in force between the listing broker and the seller but is off market temporarily. (BOM 2/6/2020)
(DOM Continues Count) (BOM 11/14/2019)
Home Office

An area which an occupant may use for business purposes. This field does NOT indicate that the current zoning permits the resident to conduct business at this location.
Home Theatre

A wired and/or designed room enhancing the experience of watching movies, TV, etc.
IDX

Internet Data Exchange: By checking "Yes" in the box, the Participant is disclosing that the seller has authorized the listing to be displayed on the Internet and the MLS Participant is granting authority to other brokers to advertise the listing on the Internet pursuant to the MLS Rules.
Income Producing

If the leased property produces a positive cash flow (income minus expenses), choose Y
Keeping Room

A room in certain southern styled houses where guests are greeted and kept.
KeyBox on Property

Yes, means a KeyBox is on the property; No means, there is no KeyBox.
KeyBox Serial #

A numeric code assigned to a KeyBox
Kitchen

A room where meals are prepared.
Land Dimensions

The first dimension should be the street dimension. Please add the remaining lines in a clockwise manner. Please show as many line lengths as possible
Laundry Room

If it is included in the rooms count, it must be identified in the Additional Rooms field.
Leased/Rented (status)

This status should be used to indicate that a rental property is now leased (rented).
Legal Description

Deed book and page number; plat book, page and lot number. If metes and bounds, attach document to listing and indicate: "Document Attached"
Lender Conditions

Choose the appropriate value: Potential Short Sale, Corporate Owned, Neither
Levels

Enter an appropriate number such as: 1, 1.5, 2, 2.5, etc.

EXAMPLE: A "cape code" style house is a 1.5. For condominiums, you will indicate the "floor" it is one, such as "4" for fourth floor, and if the condominium has more than one level within it, then this field would indicate the number of levels.
Library Room

A room with built-in shelving for books
Listing Date

The effective date of the listing agreement
Listing Price

Full gross listing price.
Living Room

A formal room distinguished from a great room
Location

Choose up to 6 entries.
Lot Dimensions

Please enter with numbers then "x" starting with the right corner of the lot at the street; going clockwise around the property. The first numbers would be the street frontage.
Example: 135x90x143x95-where 135 is the street frontage; 90 left lot line.
Lot Size

Expressed as either acres or square footage
Lot Water Features

Choose appropriate value if applicable.
NOTE: Ocean Front means that the building fronts on the beach.
Manufactured

See Exhibit 1 of the MLS Rules and Regulations for complete instructions about disclosure
Manufactured Type and Serial Number 1 and Serial Number 2

Double-Wide, Single-Wide; Other; Once the "type" is completed, complete Serial Number 1 for Single-Wide and both Serial Number 1 and Serial Number 2 for Double-Wide.
Marketing City

This field may be used to indicate an incorporated or unincorporated area that is different from the US Postal Service's assigned city which is part of the mailing address. Do NOT use this field when completing the OTP&C which requires the mailing address.
Example: City of Mailing Address=Hampstead but the property is in Scots Hill area. Marketing City may be Scots Hill.
Master Bedroom

Usually the largest bedroom in the home often having a private bathroom
Mo Assoc Fee (Opt)

If there are optional HOA Monthly fees for additional services or access to facilities, place the total amount of monthly optional expense in this field.
Mo Assoc Fee (Req)

The total monthly expense for mandatory HOA fees
Modular Home

A modular home is a dwelling consisting of a series of rooms or units (modules) constructed and inspected off-site in accordance with the NC State Building Code and then transported to its ultimate site and assembled on a permanent foundation. See Exhibit 1 of the MLS Rules and Regulations for complete instructions about disclosure
Mud Room

A room adjoining an entrance.
Municipal

City, county, town or other legally incorporated entity
Music Room

A room the owner uses to display and use musical instruments
Neighborhood Amenities

Only select amenities that are contained within the Neighborhood. Where an HOA is paying for the amenities, please include them under Association Fee Includes field.
Net Operating Income

Gross Annual Income Less Annual Expenses (including depreciation)
New

See Exhibit 3 Where the property has never been occupied, is locked by the builder, and the exterior is complete, change the Construction Status field from Under Construction to New. If the property has been occupied, use "Existing."
Non-Public Remarks

Also, understood as "agent only remarks" which information is for other agents.
Nursery

Describes a room no smaller than 8 X 6 and is usually adjacent to the master bedroom
Off-street Parking

Parking available on street(s) near but not in front of the unit(s)
Office ID

The nine-digit NRDS numbers assigned by NAR to each office
On site well

Indicating that the well is located within the legal description of the property being offered for sale
On-site Parking

Parking area on the property at which the unit(s) is located
On-street Parking

Parking available on the street in front of the unit(s)
Owner Name

Name of the person(s), corporation or legal entity who will sign the deed transferring ownership. When the seller of a property does not hold title, but has a contract to receive title on the property, the Participant must put "Seller not owner of record" in the owner name field.
Owner pays

Choose all that apply
Owner Phone

Telephone number of the person(s) when the listing company/agent or ShowingTime is unavailable
Ownership

Choose the correct field to indicate the length of time the owner has held title.
Ownership Type

Anytime personal property is going to be conveyed, the consumer must clearly understand what they are receiving. Do not use standard real estate forms when conveying personal property. Refer the parties to their own attorney. INVESTIGATE: A boat slip may convey by itself (separately deeded); but slip may also be assigned or not be real property.
Pantry

A closet adjacent to the kitchen. If it is larger than 8 X 6, you may include it in the room count but you must identify it in the Additional Room field.
Parking

Enter up to 6 entries.
Partially Floored

Attic has some flooring creating storage area
Pending

The listing is under contract, showings are no longer being sought and backup offers are not being solicited.(BOM 2/6/2020)
Pending with Showings (BOM 11/14/19)

The listing is under contract but is still available for showing, and backup offers are being solicited(BOM 2/6/2020)
(DOM Continues Count)(BOM 11/14/2019)
Pets Allowed

The landlord will permit tenants to have pets. NOTE: There may be a deposit required!
Phone Service Avail.

If there is a land-line phone connection at the slip, please choose Yes; otherwise, choose No
Photos

Photos may be uploaded to the MLS
PID

A number assigned by the county. It may be a geo code.
PIN Number

A number usually assigned by the county tax office. This number is required for data entry. When the county has not assigned a PIN, enter one random number in the first field.
Playroom

A large room often adjacent to children's' bedrooms
Pool

A swimming pool: In ground and above ground indicate that it exists within the legal description. Community means that it is part of the HOA (see Association Fee Includes). If there is a neighborhood pool where additional fees apply, use the "pool" field under Neighborhood Amenities
Possession

Indicate when the seller will grant possession
Post Direction

A compass point that appears after the street name field
Potential Short Sale

Primary Road Frontage

The length of the road in front of the structure
Proposed

Proposed indicates that there is currently no structure on the property. Once construction commences, choose Under Construction.
Public Ad Copy

Field includes in RETS that allows vendors to obtain ad copy for their publication.
Public Remarks

Additional information that appears when the property is displayed on the Internet or printed report(s)
Public Remarks

Public Remarks are used to describe the property and identify anything unusual about the property. Will be sent to IDX, National Websites, and Consumers. No agent or company information such as phone numbers, hyperlinks to websites (unless the hyperlink goes to the HOA, HomeSteps.com; HomePath.com, HUDHomestore.com, homesearch.com and/or Auction.com), Talking Ads, email addresses, open house information, etc., or offers of compensation of any type shall be placed in fields where the public might see them such as the “Marketing/Public Remarks”
Publish to Internet

When answered Yes--the listing is eligible for IDX, VOW, REALTOR.com and syndication. When answered No--the listing may not be displayed anywhere on the Internet.
Quadraplex

A four-unit multifamily dwelling
REALTOR.com

Yes=the listing will be sent; No=the listing will not be sent
REO

When identified as “Y” the definition will be a lending institution now owns the property (this does NOT apply to relocation or third-party ownership). Lending institutions may own property that has not gone through a foreclosure. Should an agent need to define the ownership to exclude foreclosure, they may use the Non-Public Remarks to identify other types of sales. An example would be: Estate Sale or Trust Sale. When marked, “N” a lending institution does not own the property. This field continues to be mandatory.
Road

Choose the appropriate value(s). You may choose up to 4.
Roof

Choose the appropriate value(s). You may choose up to 6.
Room Dimensions

Not required for Rentals
Room Size

When you measure the room, exclude closet area. Enter by length and width rounded to two decimals. (NOTE: Not required for Rentals--see Rental Worksheet)
Rooming House

A residential house converted and properly zoned to permit the landlord to rent individual rooms.
Rooms (#)

The number of rooms must be identified with specific values.

NOTE: # of Rooms means the rooms in the primary living area only and shall not include other areas. (BOM 02/07/19) (EXAMPLE: If the listing shows 10 rooms, the number of bedrooms, the living, dining, kitchen plus the remaining rooms using the Additional Rooms field must equal that number. You may not say the number of rooms equals 9 but only identify 8 rooms.) Bathrooms and foyers may not be included in the count of the number of rooms.
School District

The school district current to data entry. Caution: Listing data must be kept current. However, where the consumer has identified school district as a deciding factor for purchase, agents should check the information prior to writing an offer.
Secondary road Frontage

If the lot has multiple adjacent roads, enter the length of the next smaller road after the primary road frontage
Seller Concessions

The amount of money the Seller paid to or on behalf of the Buyer. The HUD Settlement statement must reflect all such moneys.
Seller Home Warranty

Choose “Y” when the seller will pay for a home warranty. In the text box you must enter both the warranty company and the dollar amount.
Septic

A waste disposal system. Where the septic tank is NOT contained within the legal description appropriate information must be entered the Public Remarks
Sewing Room

Describes a room that the current owner uses for display and use of sewing equipment.
Shackle Code

The digits which when entered will open the shackle on a KeyBox
Shore Power

If there is an electrical connection at the slip, please choose Yes; otherwise, choose No
Show Address on Internet

When "Yes" is chosen, the address will display on client reports. When "No" is chosen, the address will not display on client reports.
Show Address on VOW

When "Yes" is chosen, the address will display. When "No" is chosen, the address will not display.
Show Address to Clients

When "Yes" is chosen, the address will display on client reports. When "No" is chosen, the address will not display on client reports.
Show AVM on VOW

When "Yes" is chosen, the VOW may associate an appraisal valuation module near the listing. When "No" is chosen, the VOW may not associate an appraisal valuation module near the listing.
Show Comments on VOW

When "Yes" is chosen, the VOW may allow third party comments to appear near the listing. When "No" is chosen, the VOW may not allow third party comments to appear near the listing.
Showing Instructions

For the Text input: Any special showing instructions: i.e., Do not let cat out of laundry room, dog on chain in rear yard; Tenant occupied--call., etc. [Note: there is a table value field with choices, too.]
Sign on Property

Yes, indicates there is a sign on the property; No indicates there is no sign
Special Flood Hazard Zone

If any portion of the real property is located within any Special Flood Hazard Zone, answer Yes. You may place additional clarifying information in the Public or Non-Public remarks, such as: No portion of the improvement (house) is located within the Zone. For more information go to: www.FEMA.gov
Square Feet Range

Choose an appropriate range based upon the calculation for heated square footage. See Exhibit 6 of the MLS Rules and Regulations.
Stick Built

A structure where the builder built "on site" as distinguished from either modular or manufactures. See Exhibit 1 of the MLS Rules and Regulations.
Street Name

Only use the US Post Office assigned address. Where none exists, use the tax record (usually only needed for new construction). Care should be exercised in determining whether a compass point precedes the street name, appears after the name (MLS=Post Direction) or is included within the actual name of the street.

EXAMPLE: South 17th Street in Wilmington: Name=17th. South=Direction.
EXAMPLE: Clancy Drive Northeast, Winnabow NC: Name=Clancy; Post Direction=Northeast
Street Number

Place a zero in this field when the U.S. Postal Service has not assigned a street number
Street#-Modifier

Use where street number has a modifier such as 1444-101; Unit number is different and has a separate field. Also, when the street number has not been assigned, enter the lot number in the modifier field.
SubAgent

When seller has authorized cooperation and compensation to agents at other firms who represent the seller enter the commission expressed either as a flat amount using the $ sign or the percentage of the gross sales price (or net sales price when appropriately disclosed in Non-Public Remarks: See MLS Rule 5.1

Subject to HOA

Choose “Y” if there is an owner’s association. If there is, complete the other fields to describe the management company, contact information and the amount of the assessment (dues).
Substructure

Choose one of the table values to describe the substructure
Suffix

Address table value describing road, street, lane, etc.
Sunroom

A room where the majority of the walls are glass.
Tax Assessed Value

County assigned value as of the date of entry. Agents are cautioned against assuming the value displayed is current. Listing agents are encouraged to update their listings when valuations change.
Tax District

A county assigned code by which a portion of the tax is calculated.
Tenant Garage

Tenant Garage - the number of spaces must equal the number of cars that fit within the garage
Tenant Occupied

Check the box in Showing Instructions when a tenant is in possession of the property. Update Showing Instructions as necessary.
Tenant Pays

Choose all that apply
Terms

Choose up to 6 entries that the seller is willing to accept.
Time Share

Time Share ownership is a guaranteed use of a unit of real property for a stated period of time over a period of year. See Article 4 of Chapter 93A of the N.C.G.S "North Carolina Time Share Act."
Total City Real Estate Tax

Some Cities included in the NCRMLS bill for Real Estate Property Taxes separately from County Real Estate Property Taxes. If your listing is in an area where the City bills for Real Estate Property Taxes separately from County Real Estate Property Taxes, please enter that into the “Total City Real Estate Tax” field.

Example 1: Real Estate Property tax billed and collected by the County = $100. Add Total City Real Estate Property Tax billed and collected by the City = $20 Total Real Estate Property Taxes = $100 + $20 = $120.

Example 2: Real Estate Property tax billed and collected by the County = $120. Add Total City Real Estate Property Tax billed and collected by the City = $0 Total Real Estate Property Taxes = $120 + $0 = $120.

Enter the property tax as of the current fiscal year. North Carolina counties use a fiscal year of July 1-June 30.
Townhouse-Modular

A unit in a non-vertically attached, multi-unit complex where the owner of the unit owns in severalty both the unit (including the entire physical structure) and the land on which the unit rests. The common areas are owned by the unit owners' association. See "Modular" for definition.
Townhouse-Stick Built

A unit in a non-vertically attached, multi-unit complex where the owner of the unit owns in severalty both the unit (including the entire physical structure) and the land on which the unit rests. The common areas are owned by the unit owners' association. See "Stick Built" for definition.
Triplex

A three-unit multifamily dwelling
Type of Slip

Wet = slip is on the water; Dry = slip is NOT on the water.
Under Construction

The property is being built but has not yet been locked (secured) by the builder. See MLS Rules Exhibit 3
Unfin Rm Over Garage

A room over the garage that does not fit the definition of "finished" See MLS Rules Exhibit 6
Unfurnished

No furniture or other personal property is conveying
Unit #

A part of the street address for condominiums
Vacancy Rate

The percentage of all units or space that is unoccupied or not rented.
Variable Commission

See MLS Rule 5.10
Water Frontage

The lot line measurement located on the water
Water Supply Available

If there is a water connection at the slip, please choose Yes; otherwise, choose No
Withdrawn

The listing contract remains in force between the listing broker and the seller but is not expected to return to market. (BOM 2/6/2020)
NOTE: The status of a withdrawn listing changes to Expired on the Expiration Date. (DOM Stops Count) BOM (11/14/2019)
Workshop

A room that is at least 8 X 6.
Year Built

Usually taken from the tax data except in the case of property where the Construction Status=New or Proposed. It may not be the same year the certificate of occupancy is granted. See MLS Rules Exhibit 3.
Year of Financial Figures

Fiscal year from which the financial figures are supplied
Zip Code

Assigned by US Postal Services to the property's mailing address
Zoning Authority

The municipality that controls zoning on the property. Agents are reminded that other municipalities may exercise extra territorial jurisdiction.
Zoning Code

The municipality that controls zoning, assigns codes to describe what is permitted, such as, R-15 means a residential zoning that permits 15 units per acre. Consult each municipality for the interpretation of each code.
Deeded

Deeded boat slips convey similar to most other real property. The boat slip can be purchased without other property being attached. For reference, most deeded slips typically are assessed an individual property tax invoice. (deeded slip examples: Harbour Village Marina in Hampstead, SeaPath Yacht Club, Inlet Watch Yacht Club, Masonboro Yacht Club, South Harbour Village Marina in Southport.
Assigned

slip ownership is typically associated with a community dock that has boat slips assigned to each lot or residence in the neighborhood. Slips are typically attached to a master parcel (lot). The boat slip USUALLY has to convey simultaneously when the master property is sold. The boat slip typically has a combined deed with the master property and the deed specifies which slip number is owned by the lot owner. (Assigned slip example: Gray Gables and Edgewater communities off Airlie Road, *Turtle Hall, *Charleston Landing at Windy Hills) *unless the property has its own private pier and dock
Certificate

Ownership is in the form of a "Certificate of Membership" rather than a deed. The Membership Certificate specifies which boat slip the holder is entitled to use. The member may typically sell the certificate to another party or back to the Membership at Large, which in effect transfers or conveys the slip to another party. (Membership Certificate boat slip examples: Bradley Creek Marina & Boataminium, Atlantic Yacht Club) Membership Certificates are not considered real property although they control the use of the boat slip.



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