Now live, commercial transaction types of Business Opportunity, Commercial Sale, and Commercial Lease are individual property types! Each property type has its very own corresponding data entry input form with only fields that directly relate to that category. Now with streamlined data entry and property searching for commercial properties.
Additionally, when a Commercial Lease listing is now entered, the listing agent is required to complete the price field and indicate whether the Lease Price Per Unit is either total or per square foot.
Commercial Property Types
Now commercial listings are required to be input as one of three different property types in the MLS, including:
- Business Opportunity - Selling the business name may or may not include real estate or equipment related to the business type.
- Commercial Sale - Sale of a commercial property where a transfer of ownership will be relayed.
- Commercial Lease - Entering into a contract with the owner to use a commercial property for a specified term without transfer of ownership.
By separating the property types for commercial listings inside of Matrix and with the addition of the lease price field Stellar MLS is rising to RESO standards and that you, your clients, and the commercial marketplace are receiving the most relevant commercial listing data available.
Click the link below for a PowerPoint version of the enhancements