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Mls Property
Category: BusinessWhile MLS members including real estate agents and brokers understand how an MLS works, many homeowners using alternative means to list a property in the MLS (such as through flat fee listing brokers) do not know exactly what types of property are eligible to be listed. Each Multiple Listing Service has a variety of property types which are typically divided into sections. While they vary according to local MLS, some of the most common property types are: single family residential, multi-family residential, land, commercial, residential rental, and commercial rental. Some other multiple listing services further divide out condos and co-ops into a separate section of the MLS, while most incorporate all single family property types together (single family detached, townhomes, condos, lofts, manufactured and mobile homes, etc.) into the single family residential category. In the same way, some MLS systems divide out multi-family residential into separate classifications for units available for residential financing (2-4 units), units available for commercial financing (5 or more units), and mobile home and trailer parks.