The Property Type and Subtype you select when entering a listing into the MLS impact how the property appears in searches for buyers, appraisers, and other brokers. To ensure listing input is intuitive and aligns with industry standards, we’ve made updates to the Property Type and Subtype within the MLS. These changes improve clarity, streamline the listing process and enhance search accuracy.
Key Updates to Property Subtypes:
- The Multi-Family Property Subtype has been retired from listing input and historical listings. This change was based on subscriber feedback indicating that the previous classification did not accurately represent property types in our market.
- Duplex, Triplex, and Quadruplex listings are now classified under Single Family with corresponding Structure Types
- Townhouse and Rowhome listings are now classified under Townhouse.
- Low Rise (1-3), Mid Rise (4-7) and High Rise (8+) properties are now categorized under Condominium.
These updates help ensure listings are categorized in a way that reflects how agents, clients and appraisers understand property types.
Why These Changes Were Made
To protect your data, standardize listing information and facilitate MLS tool enhancements, REcolorado Matrix aligns with the RESO Data Dictionary. The recent updates are designed to make listing input more intuitive while maintaining compliance with RESO standards.
One of our goals as your MLS partner is to use your input to enhance our tools and services so you have the best experience possible and can focus on what matters most: your clients. These changes are just some of the many adjustments that are being made as a result of your input, so please keep your suggestions coming!
Pro Tip: Watch this recorded education session for guidance on finding listings previously entered as Multi-Family.
Sharpen Your Listing Input Skills
Search and listing input are two sides of the same coin – understanding one will help your performance with the other. When you correctly enter listing information into REcolorado Matrix, you’re ensuring that your seller’s property is reflected accurately and that everyone looking for a similar home can find it.
To learn more about Property Types, Subtypes, and Listing Input, take advantage of these resources:
REcolorado Education Classes
- Matrix: If It Can’t Be Found It Can’t Be Sold | Register Now >>
- REcolorado Listing Statuses: Define, Accurately Manage & Remain Compliant | Register Now >>
We’re Here for You
If you have any questions about these changes or need help with listing input, our Customer Success team can be reached six days per week at 303.850.9576, option 1, or support@REcolorado.com.
