Definitions
Recording Devices
Are there Audio or Video Recording Devices on the property? This field requires a "Yes" / "No" / "Unknown to Agent" answer.
EMD Trust Account Field (Y/N)
Listing Firm does / does not maintain a trust account to hold earnest money deposits.
Bulk Sales
Bulk Sales are a single buyer purchase of multiple real estate parcels at the same time, as if they were one unit.
Sold Price
The price recorded at the courthouse as evidenced via Revenue Stamp on deed or CD (Line M1) or HUD (Line 101), with the CD or HUD price taking precedence when there is a difference. BOM 02/04/21
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 ...
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 ...
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: ...
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
Zoning Authority
The municipality that controls zoning on the property. Agents are reminded that other municipalities may exercise extra territorial jurisdiction.
Zipcode
Assigned by US Postal Services to the property's mailing address
Year of Financial Figures
Fiscal year from which the financial figures are supplied
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.
Workshop
A room that is at least 8 X 6.
Withdrawn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 (BOM 2/6/2020) NOTE: The status of a withdrawn listing changes to Expired on the Expiration Date.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 ...
Water Supply Available
If there is a water connection at the slip, please choose Yes; otherwise, choose No
Water Frontage
The lot line measurement located on the water
Variable Commission
See MLS Rule 5.10
Vacancy Rate
The percentage of all units or space that is unoccupied or not rented.
Unit #
A part of the street address for condominiums
Unfurnished
No furniture or other personal property is conveying
Under Construction
The property is being built but has not yet been locked (secured) by the builder. See MLS Rules Exhibit 3
Type of Slip
Wet = slip is on the water; Dry = slip is NOT on the water.
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' ...
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' ...
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 ...
Terms
Choose up to 6 entries that the seller is willing to accept.
Tenant Pays
Choose all that apply
Tenant Occupied
Check the box in Showing Instructions when a tenant is in possession of the property. Update Showing Instructions as necessary.
Tenant Garage
The number of spaces must equal the number of cars that fit within the garage
Tax District
A county assigned code by which a portion of the tax is calculated.
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.
Sunroom
A room where the majority of the walls are glass.
Suffix
Address table value describing road, street, lane, etc.
Substructure
Choose one of the table values to describe the substructure
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).
Sub-Agent
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 ...
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
Street Number
Place a zero in this field when the U.S. Postal Service has not assigned a street number
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 ...
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.
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