Ownership Type - Property - RESO Data Dictionary

DefinitionThe current type of ownership of the business being sold (e.g., Corporation, LLC, Sole Proprietor, Partnership).

Details

Standard Name	OwnershipType
Display Name	Ownership Type
Group	Business
Simple Data Type	String List, Single
Max LengthSuggested	50
Max PrecisionSuggested	—
Synonyms	—
Status	Active
BEDES	Contact Label = "Business"Ownership = [value]

Adoption 22% 76 of 344 Organizations

Standard Value	Definition	Usage
Corporation	The ownership type of the business being sold is a corporation.	13%
LLC	The ownership type of the business being sold is a limited liability corporation.	6%
Partnership	The ownership type of the business being sold is a partnership.	13%
Sole Proprietor	The ownership type of the business being sold is a sole proprietor.	6%

Terms and DefinitionsGenerated June 15, 2026