Definition

The dollar amount of the concessions. If the concessions are made by the seller, some may subtract this value from the sales price as a means of calculating their own true price. If concessions are made by the buyer, some may add this amount to the sale price to create their own true price. Concessions made by both buyer and seller should be subtracted from each other providing a net value. Details of this calculation should be added to the Concessions Comments field.

Standard Name: ConcessionsAmount

Display Name: Concessions Amount

Group: Listing, Closing

Data Type: Number

Suggested Maximum Length: 11

Suggested Maximum Precision: --

Synonyms(s): --

BEDES: --

Record ID: 2c90de9


Lookup Status: --

Lookup Name: --

Property Types: RESI, RLSE, RINC, LAND, MOBI, FARM, COMS, COML, BUSO

Payloads: --

Spanish Display Name: Monto de Concesiones

French-Canadian Display Name: --

Status Change Date: JUL 21 2015

Revision Date: FEB 19 2015

Added in Version: 1.4.0


Usage

  • 60% of Systems (9/15)
  • 27% of Organizations (133/498)

For more information on items displayed on this page, see Data Dictionary Terms and Meta Definitions.

RESO Certifies Against the Standard Name

Display Name represents a recommendation for public display that MLSs and other data producers may use based on local, legal and language-based needs.



Page Revision Date: Jan 31 2023

Form: PropertySimple

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