In September, MARIS updated the New Construction rules to clarify when a listing should be in each property type.
"Any listings under Residential Property Type that do not fit the criteria below will have to be Withdrawn and copied to the New Construction Property Type:
- a foundation poured,
- a partial to full framework, or
- any semblance of a dwelling being built on that lot (i.e. groundbreaking)
Any listings that do have any of the abovementioned criteria, can remain in the Residential Property Type category and no further changes will be required."
Compliance is working with members to make sure they are aware of these policies and that all listings are being moved out of the Residential type if they do not apply.
Property Type Explanations
|Residential Lots||New Construction|
Common New Construction Terms
The words below are often seen in listings that should be in the New Construction category, not in Residential.
- Display Home
- Coming Soon
- Year Built equals current year
When a listing is in the wrong property type
If you notice or have a question on a listing being under the wrong property type, you may send that information to Compliance using the yellow triangle showing under the photo on the full display or by emailing the listing information and issue to firstname.lastname@example.org.
Please note: once Compliance receives the notice they will work with the Listing Agent to reach a resolution. The notifying agent will not be apprised of the steps taken to rectify the issue or any disciplinary action assessed.
Please contact our compliance dept by email email@example.com or phone 314-984-9111 option 4.