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MLS Field Definitions

ADDRESS Tab

 

Street Additional Info

This is ONLY to be used if other address fields do not cover the information.

For example, pre-911 addresses or parcels that used lot number as the address.

MAIN FIELDS

 

Property Sub Type

TBD

Listing Agreement

TBD

Listing Service

TBD

Subsurface Rights YN

Pennsylvania allows property owners to separate the surface rights and the subsurface rights, which are oil, gas or mineral rights. When nothing is done, the property owner owns everything, surface and subsurface rights. The property owner may choose to sell or lease these subsurface rights. This is more common outside of Monroe County.

This will allow selections in the Oil, Gas and Mineral Rights field group on the DETAILS Tab.

FEMA Flood Zones

A: Areas subject to inundation by the 1-percent-annual-chance flood event are generally determined using approximate methodologies. Because detailed hydraulic analyses have not been performed, no Base Flood Elevations (BFEs), or flood depths are shown. Mandatory flood insurance purchase requirements and floodplain management standards apply.

AE, A1-A30: Areas subject to inundation by the 1-percent-annual-chance flood event determined by detailed methods. Base Flood Elevations (BFEs) are shown. Mandatory flood insurance purchase requirements and floodplain management standards apply.

AH: Areas subject to inundation by 1-percent-annual-chance shallow flooding, typically areas of ponding, where average depths are between one and three feet. Base Flood Elevations (BFEs) derived from detailed hydraulic analyses are shown in this zone. Mandatory flood insurance purchase requirements and floodplain management standards apply.

AO: Areas subject to inundation by 1-percent-annual-chance shallow flooding, usually sheet flow on sloping terrain, where average depths are between one and three feet. Average flood depths derived from detailed hydraulic analyses are shown in this zone. Mandatory flood insurance purchase requirements and floodplain management standards apply.

AR: Areas that result from the decertification of a previously accredited flood protection system that is determined to be in the process of being restored to provide base flood protection. Mandatory flood insurance purchase requirements and floodplain management standards apply.

A99: Areas are subject to inundation by the 1-percent-annual-chance flood event, but will ultimately be protected upon completion of an under-construction Federal flood protection system. These are areas of special flood hazard where enough progress has been made on the construction of a protection system, such as dikes, dams, and levees, to consider it complete for insurance rating purposes. Zone A99 may only be used when the flood protection system has reached specified statutory progress toward completion. No Base Flood Elevations (BFEs) or depths are shown. Mandatory flood insurance purchase requirements and floodplain management standards apply.

V: Areas along coasts are subject to inundation by the 1-percent-annual-chance flood event with additional hazards associated with storm-induced waves. Because detailed hydraulic analyses have not been performed, no Base Flood Elevations (BFEs) or flood depths are shown. Mandatory flood insurance purchase requirements and floodplain management standards apply.

VE, V1-V30: Areas subject to inundation by the 1-percent-annual-chance flood event with additional hazards due to storm-induced velocity wave action. Base Flood Elevations (BFEs) derived from detailed hydraulic analyses are shown. Mandatory flood insurance purchase requirements and floodplain management standards apply.

D: Areas with possible but undetermined flood risk. No analysis of flood hazards has been conducted in these areas.

X (shaded), B: Areas of moderate flood hazard between limits of the 1-percent-annual-chance floodplain and the 0.2-percent-annual-chance floodplain. Note: zone B is being replaced with shaded zone X on new FIRMs.

X (unshaded), C: Areas of minimal flood hazards outside 0.2-percent-annual-chance floodplain. Note: zone C is being replaced with unshaded zone X on new FIRMs.

Common Interest

Stock Cooperative is defined as a unit within a structure where ownership is based on a share of stock and rights to occupy a unit.

Stock Cooperative On Land is found in a few places like Lake Manzanedo, where one owns the structure but is issued shares for the land. There may be mobile home parks that have shares and also a lease.

Stories Total

Use when the number of stories in the building is different than the listed property.

Condominium Towers may have 1 Story, and 10 Stories Total.

Northslope I units in Shawnee are 1 Story with 2 Stories Total.

Waterfront YN

Property with main structure must directly adjoin water.

In the case of an HOA or Condominium, there may only be owned or common area property between the home/unit and the water.

Displays Waterfront Features on the DETAILS tab

DETAILS Tab

Special Listing Conditions

 
Short Sale

Asking price will not cover mortage. Participants must disclose potential short sales (defined as a transaction where title transfers, where the sale price is insufficient to pay the total of all liens and costs of sale and where the seller does not bring sufficient liquid assets to the closing to cure all deficiencies) when reasonably known to the listing participants.

Notice Of Default

The term notice of default refers to a public notice filed with a court that states that the borrower of a mortgage is in default on a loan. The lender may file a notice of default when a mortgagor falls behind on their mortgage payments. A notice of default is often considered the first step toward foreclosure.

In Foreclosure

Currently in the process of foreclosure but it is not final.

Real Estate Owned or REO

Property is owned by a bank/lender (AKA Foreclosure=Y)

Foreclosure Deed Recorded

Potential delay of sale if No is selected.

Has the deed for the REO (Foreclosure) been recorded? It could take up to 7 weeks after the bank/lender takes ownership.

Answer Yes or No if Foreclosure Deed Recorded

HUD Owned

The listed property is owned and being sold by the U.S. Department of Housing and Urban Development due to default on an FHA loan.

Bankruptcy

Property is currently involved in a bankruptcy.

Conservatorship

Conservatorship is a legal concept in the United States. A guardian or a protector is appointed by a judge to manage the financial affairs and/or daily life of another due to physical limitations, mental limitations or old age.

Probate Listing

Owner(s) deceased and property is undergoing probate process.

Third Party Approval

A court or other third-party approval is required for the sale to finalize.

Trust

A three-party fiduciary relationship in which the first party, the trustor or settlor, transfers a property upon the second party for the benefit of the third party, the beneficiary.

Auction

The listing is an auction. Additional fields will be shown below when this is selected.

Entry Information

 
Entry Location

A description of the main entry way to the property (e.g., elevator, ground level w/ steps, ground level w/o steps, top level).

Accessibility Features

 
Enhanced Accessible

The central living area is fully accessible for lifelong living by all residents, no matter their ability. A person in a wheelchair or with other disability is able to perform all personal and housekeeping tasks. Persons without disabilities are also able to perform basic tasks with greater ease. To be considered Enhanced Accessible, the home also includes all Visitable features.

Green Location

 
Walk Score

A walkability index based on the time to walk from a property to nearby essentials such as grocery stores, schools, churches, etc. See https://www.walkscore.com/ for more information and requirements for using Walk Score.

Power Production

 
Power Production – Size

The ‘capacity’ of a renewables system. Size is measured in kilowatts (kW) DC (direct current). A kW indicates how much power the system can produce under standard conditions, like the size of a car engine. Renewables systems are sized when they are installed to cover all or a portion of the power needs of the property. Therefore, a system designed to produce 50% of the power needs will be sized smaller than a system on the exact same property designed to produce 100%. Size may be influenced by available space at the property, orientation, landscaping, etc.

Power Production – Year Install

The year a renewables system was installed. Ideally, this should be the year the system was interconnected with the grid and began producing power. Renewables systems have a limited lifespan, and recording the year a system was installed helps buyers and appraisers determine the remaining useful life of the system.

Power Production – Annual

The most important metric of a renewables system is the amount of power it produces per year. This number can be actual or estimated. Annual production for systems producing electricity like wind or solar are measured in kilowatt hours (kWh) per year. A kWh is like a measure of the distance traveled per hour for a car – how far did it go over a certain period of time. Annual production is influenced by the size of the system, the conditions (How shady are the trees? How many cloudy days?) and the installation. Sellers typically have access to software that provides historical production totals.

Power Production – Annual Status

The most important metric of a renewables system is the amount of power it produces per year. This number can be actual, estimated or a combination of each if less than 12 months of actual data is available (any missing months of actual data is extrapolated). This field allows the status of the number shown in the PowerProducationAnnual field to be clarified.

Water Body Information

 
Water Frontage Length Shared

Use this field if there is Common Area or HOA owned property between the subject property and the water.