Forrest’s Blog

ON AUGUST 1, 2008 THE MLS IMPLEMENTED A NEW PROPERTY TYPE “VERTICAL”

The Vertical Property Type will be geared to high rise units and specific amenities they provide. See the new “Vertical Data Form“. You may use the new property type for existing high rise listings by withdrawing them from Residential Condo and re-listing them under Vertical.  Of course, you will need proper paperwork to effect the withdrawal and subsequent new listing. 

Effective August 1, 2008 all new high rise listings should be entered into the new Vertical Property Type in lieu of utilizing the Condo subtype under Residential.  This has been worked on for quite a while and I know that many of you are anxious to be able to place your listings in this new area.  If you have additional questions or would like additional information please contact the MLS Department at 702-784-5050.

When you enter a high-rise listing into the new Vertical property type, you will be able to specify the project and tower name and with other specific information that is unique to these structures.  For example, there is a place to indicate that the building is either “Green Certified” or “LEED Certified” should the building meet certain specified energy standards.  For more information on LEED Certification, go to:  http://www.usgbc.org/

One last thing . . . For some interim period of time you may dual list your high-rise in both the Residential Condo property type along with placing it in the new Vertical property type.  That will allow you to avoid withdrawing it from Residential Condo until we are notified otherwise.