MLS - Condo Listings

In order to comply with Ohio law, the following motions were approved by the Board of Directors 11-19-03 and effective immediately.

Motion 1:  For a condominium to be listed for sale in the MLS, the property must have a developer’s statement as required by Ohio revised code sections 5311.25 and 5311.26.   No more than 5% or a maximum of 5 units per subdivision can be shown as active per broker in the MLS, provided a developer’s statement exists.  If there is no developer’s statement then the property cannot be listed.  If a question arises that no document exists, the MLS director or their designee shall request from the listing broker a copy of the developer’s statement for the project and address in question.  The listing broker shall provide within seven (7) days the specific developer’s statement.  If none is provided in the prescribed time frame, then the MLS director or their designee shall immediately remove said listings in question from the MLS system.  Once the document is provided then the maximum of 5 units can be listed.

Motion 2:  For a broker to list more than 5 units for sale in a condominium project, then a recorded declaration of condominium property must exist.  It must meet the requirements of Ohio revised code section 5311.06 and 5311.07, if the condominium documents are recorded, there shall be no limit on the number of units listed for sale in the MLS, provided there are declaration of condominium property documents for the specific unit and address.  If a question arises that no document exists, the MLS director or their designee shall request from the listing broker a copy of the declaration of condominium property document for the project and address in question.  The listing broker shall provide within seven (7) days the specific declaration of condominium property document.  If none is provided in the prescribed time frame, then the MLS director or their designee shall immediately remove all but five of the listings in question from the MLS system.