Effective Monday, August 12, NorthstarMLS has a new property type: Farms.
- A farm must be income producing. Whether a farm is “income producing” is up to the discretion of the list agent as to whether the farm can produce enough income to be considered more than just a Hobby Farm.
- There must be a house/livable structure on the property. If it is farm land only, then it goes in the Lots & Land property type.
- If it is a Hobby Farm, then it must be listed in Single Family Residential. For a farm to be in Single Family Residential, it must be designated as a Hobby Farm. (Some existing Active Farms may be grandfathered into SFR if the broker chooses. However, all future listing entries must follow this rule.)
We will convert all applicable NorthstarMLS Active, Pending and TNAS listings to the Farm property type. Also, we will convert all Sold, Cancelled and Expired from the past two years.