Page 1 - MLS Training Book
P. 1

Searching MLS

               There are main categories to be aware of when searching for property in MLS, which break down as
               follows:
                   1.  Class - basic groups: residential, condo, land, commercial, interval, rental, multi-class
                       Type - a more detailed subgroup within a class.

               Class                 Type

               Residential           Detached, Detached HPR (Horizontal Property Regime), Detached with leased
                                     land, Manufactured with leased land, Manufactured with land, Semi-detached

               Condo/Townhome        ½ Duplex, Condo, Townhouse

               Land                  Residential lot, Manufactured lot, Acreage, Multi-family lot, Industrial, Farm,
                                     Commercial, Boat slip

               Commercial            Business, Office, Retail, Restaurant

               Interval              Timeshare, Fractional

               Rental                Leases

               Multi-class           Includes every type above, searches every Class

                   2.  Status - refers to the availability of the property, more specifically if its currently available, sold,
                       or under contract.

               Active                Active, Active with Kick-out Clause, Pending contingent contract , Pending
                                     contingent financing, Pending Sale Cash, Hold-Don’t-Show

               Sold                  Sold

               Expired               Property expired without selling

               Withdrawn             Listing was removed from the market by broker or seller

               Rented                Property was leased

                   3.  Construction status - is used to differentiate resale homes from new construction.

               Never occupied                      New construction that has not sold

               Never sold – previously occupied    Usually a new construction model home

               Resale                              Previously owned property for sale (most common)

               To be built                         New construction waiting to be built

               Under Construction                  Property is currently be built but not finished
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