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Thursday 31 July 2008

New MFRMLS Policy Facilitates Sale of Dock/Rack-ominiums

Rack-ominiums
We have added "Dock/Rack-ominiums" to the Property Style Feature set in MLXchange

With more and more of our subscribers selling real estate near the water, we have had an increased demand to allow for the listing of Dock/Rack-ominiums in MLXchange.

Dock/Rack-ominiums, sometimes called Dock-ominiums, are boat “condos.” They’re either a wet dock (Dock-ominium) or a dry storage facility (Rack-ominium). Similar to condominiums, ownership of a Rack-ominiums or Dock-ominiums is deeded and can be sold separate from homes and condos.

In order for REALTORS® to list and sell these properties, we have added “Dock/Rack-ominiums” to the Property Style Feature set in MLXchange.

If you are listing a Dock/Rack-ominiums, here is what you need to specify:

  • Property type: residential
  • Property style: condo
  • Property description: Dock/Rack-ominiums

Once you make these selections, you also will have to specify:

  • Unit number
  • Monthly maintenance fee
  • What the monthly fee includes

Information such as number of beds and baths, heated square footage, acreage or room dimensions, of course, is not required.