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2620.20.00 TREATMENT OF NON-EXEMPT REAL PROPERTY Real property that is not classified as exempt is taken into consideration in the resource eligibility determination. Nonexempt real property must be considered under the requirements of each assistance program as explained in the following passages. 2620.20.10 OFFERING REAL PROPERTY FOR SALE OR RENT (MED 1) If non-exempt real property causes an applicant/recipient to be over resources for Medicaid and it is available, it must be offered for sale or rent at fair market value (FMV), unless the applicant/recipient is in a long-term care facility and has a community spouse.55 (For the definition of real property, see 2605.05.00.) This requirement is also applied to ownership of a life or remainder interest in the property and to a life or remainder interest in mineral rights. For policy regarding exempt real property, see 2620.15.10. When it is determined that the applicant/recipient or their financially responsible relative’s own property which is not exempt and is available, the owner of the property must sign the form, FI 0118, Agreement to Offer Property for Sale or Rent and Repayment Agreement. If the owner of the property refuses to sign the form, the applicant/recipient is ineligible for Medicaid. If the property owner complies and signs the form, FI 0118, they have 30 days from the date they signed the form or from the date the notice of eligibility is mailed, whichever is later, to offer the property for sale or rent at CMV. When the form is signed, it is effective “for the purposes of the application”, that is, inclusive of retroactive months for that application date. To be considered offered for sale or rent, a sign must be placed at a conspicuous location on the property, stating clearly that the property is for sale (or for rent) and giving the individual's name and address (or telephone number), or listing the property with a realtor. When the AG owns property that is not exempt and is available, enter a "?" on screen real/personal property resource in the "agree to sell" and "agree to rent" fields, unless the nonexempt property is currently for sale or rent. If the eligibility system determines that it must be offered for sale or rent, the case will be pended and indicated on the Resource Eligibility Determination/Transfer Results screen. When the property owner is contacted and signs the Form 0118, Agreement to Offer Property for Sale or Rent and Repayment Agreement, access the Real/Personal Property Resources screen, change the "?" to "Y" and enter the date it was signed. (If the owner refuses to sign it, enter "N" in the appropriate fields.) If "Y" was entered, the resource eligibility determination/transfer results screen will then indicate the client has passed resource eligibility. The eligibility system will monitor the 30-day period that is allowed to offer the property for sale or rent, and the system will generate an alert. When the property owner signs the Form 0118A, Report on Property for Sale or Rent, access the real/personal property resource screen and enter "Y" in the appropriate field. If the owner does not offer the property for sale or rent, enter "N" in the appropriate