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.
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 ...
MLS Rules and Regulations - Download Here (Updated 11/01/2022)
Note the MLS Rules and Regulations can be downloaded here. See Attachment below. September 3, 2020 Section 1: Greene, Hyde and Martin Counties added- BOM 09/03/20 Section 1.1.4: Rule change from “For Comp Purposes” to “For Sale Only” revised- BOM ...