The ValleyMLS.com Board of Directors has voted to remove “Investment Property” as its own property type within the Residential class, but any property can still be coded as an “investment property” in the appropriate fields. The rules now read as follows:
Properties may be noted as “Investment Properties” in the Residential Class by selecting an “Investment Tenant Option” from the dropdown. Only properly-noted, tenant-occupied investment properties may be Active without allowing showings. Proper documentation indicating this as tenant-occupied investment property must be available upon request to the MLS.