Home > 2012 > Compliance Blog: How To Properly Note Square Footage

Compliance Blog: How To Properly Note Square Footage

Noting Square Footage in your Connecticut real estate listingSquare footage in the MLS should reflect the town (public record) square footage amount even though CTMLS gives the three source options; OWNER, TOWN and AGENT. Finding the public records square footage information is made exponentially easier with the help of Realist.

We always remind agents that it is better to err on the side of the Town. So if you’re going to use something other than the town square footage amount, please state the difference in square footage in the remarks so as to not mislead other agents and the public.

When your Connecticut real estate listings go out onto the internet via listing syndication, to sites such as Trulia and Zillow, the source of the square footage is not displayed anywhere so it can be very misleading to potential buyers.

For example, if a listing has 1500 SF stated on the field card and an additional 500 finished space in a walk out basement that the owner wants to include, the agent could use 2000 SF and OWNER as the source and in remarks state: “additional 500 finished SF space in basement included in total SF above”. OR same example, they could list the SF as 1500 with TOWN as the source and in remarks state “additional 500 finished SF space in basement NOT included in total SF above”.

For help figuring out square footage, Judy Johannsen over at the Connecticut Association of REALTORS® has written a wonderful piece about it here.

If you have any additional compliance questions, please leave them in the comments below so we can answer them for everyone visiting this site.

Posted in Compliance | Tagged , , , , | 3 Comments

3 Comments

  1. Posted July 11, 2012 at 10:41 am | Permalink

    For a raised ranch I used total living sq ft. Another agent questioned if the lower level can be considered in the total sq ft. I say “yes” seeing that’s where the bedrooms are and the town is using this space for taxes. Some towns say total living other towns list sq ft as total building. Can you discuss this more detail?

    • Adam
      Posted July 12, 2012 at 9:13 am | Permalink

      Linda, here is the answer from our Compliance Assistant Michele.

      “You state that the lower level is where the bedrooms are? Does the town consider them legal bedrooms? Do these bedrooms have a means of egress (window space large enough for a person to exit) or are they below grade with tiny windows? Since every town is different in how they determine the square footage, I would check with the town to see how they measure square footage and what their guidelines are for living space. They will be familiar with the property and can help you to obtain a better square footage amount. Again, it is better to err on the side of the town than to put your foot forward and guess.”

  2. Posted July 11, 2012 at 11:45 pm | Permalink

    Raised Ranches are a sqft misrepresentation epidemic.

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