Thank you for your question. This rule applies to all Residential property types/sub property types regardless of price point. So for example, if the luxury home is a single family residence then the policy would apply. The following property sub types are currently under the Residential property type:
- Attached 1/2 Duplex
- House (single family residence)
- Mobile Home
The exceptions to the rule under these property sub types would be residential listings that are auctions, foreclosures, or new construction.
I hope this helps! If you have any follow up, please let us know.
Will Burnham, MLS Senior Brand Strategist