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Finished square footage is a key factor in property valuation, marketing, and appraisals. This guide outlines what qualifies as finished space, including ceiling height requirements and how to report secondary structures. Accurate reporting helps ensure compliance with MLS policy, legal standards, and the REALTOR® Code of Ethics. Always verify local code requirements with the appropriate…
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This guide outlines the property styles available for NorthstarMLS listings, organized by category and building configuration. Use these classifications to ensure accurate representation of the property’s design and structure. Definitions Single-Family (SF) (SF) Single Family – A standalone home not part of a Common Interest Community (CIC) subject to MN Statute 515B. If part of…
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This guide outlines how to classify structures based on the number and arrangement of stories. Use these definitions to ensure consistent and accurate representation of property layout. Note that basements and walkout or tuck-under garages are not considered a story when determining structure classification. Definitions One Story A structure with only one level above ground….
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The following guidance outlines how manufactured home listings should be entered, along with applicable definitions, best practices, and relevant regulatory resources. NorthstarMLS allows listings that include manufactured homes on real property or that are for sale on leased land. The MLS may not be used for the sale of manufactured homes that are not currently…
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The listing agent shall update the Selling Agent/Co-Selling Agent to reflect how it is shown on the purchase agreement. If the Co-Selling agent is not showing on the purchase agreement and requests to be added as a Co-Selling agent, it will be up to the listing participant to add them as requested.
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Days on Market at Most Recent List Price PDOM is days on market at the most recent list price. PDOM indicates: How long an Active property has been listed at its current price. How long a property was at its final list price before it sold. This can be especially helpful in showing sellers how…
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Days on Market (DOM) is available on various displays and reports in the MLS systems. The purpose is to give the number of days in Active status on NorthstarMLS for a specific listing/MLS number. DOM reflects the total days on market under its current MLS number. If the property is relisted under a new MLS…
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Cumulative Days on Market Cumulative Days on Market (CDOM), is available on the various displays and reports in MLS systems. The purpose is to give a more complete picture of the property’s time on market. Details about CDOM are: CDOM reflects the total days on market for that address with the current owner based on…
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All listings must be entered into the MLS, regardless of active, coming soon, or withheld status, within Two (2) business days of the listing contract date or after all signatures are obtained, whichever is later. Example 1: If a listing contract shows the listing start date of 12/01/2024 but all signatures are not obtained, the…
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Builder Restrictions Open – means this lot is 1. Open to any builder or 2. The lot is not buildable. Please use the remarks section to specify what option it is. Closed – means the property is being built by one specific builder. – Restricted to These Builders is Required when Closed is selected. Limited…