LISTING STATUS DEFINITIONS
|Incomplete||A listing is designated as Incomplete when there is a signed listing agreement and effective date. Once you have a signed exclusive listing agreement, it must be entered into Realtracs within forty-eight (48) hours with, at a minimum, an Incomplete status.
If the seller refuses to have the listing disseminated by Realtracs, the listing must be entered into Realtracs within 48 hours of the signed listing agreement as an Incomplete listing and cannot be Publicly marketed.This is known as an Exempt Listing.
|Coming Soon/hold||A listing is designated as Coming Soon/hold when there is a signed listing agreement and in the event the property is not ready to be shown (for whatever reason). The seller instructs the listing broker, in writing, that the listing cannot be shown for a specific period of time, the listing status must have an “available for showing” date.
|Active||A listing is designated as Active when there is a signed listing agreement, the listing is on the market, available to be advertised and shown, and when offers are currently being accepted. If the seller wishes to stop showing the property temporarily during the listing period, the status can be changed to coming soon/Hold.|
A listing is changed from Active to coming soon/Hold when there is a signed listing agreement, the listing was on the market, available to be advertised and shown and the seller then instructs the listing broker, in writing, that the listing should be temporarily removed from IDX feeds and Syndication for public marketing (for whatever reason), and cannot be shown for a specific period of time, the listing status must have an “available for showing” (back to active) date.
|Under Contract (Showing)||A listing is changed from Active to Under Contract-Showing (UCS) w/in 48 hours of an accepted offer to purchase, and a Binding Sales Contract has been accepted by both parties pending clearance of a contingency (Sale of a Home, Financing, Inspection, etc.), but will still be shown to prospective buyers for back up offers. When changing the listing to UCS, be sure to have an accurate Under Contract Date, this is the date the offer was accepted.|
|A listing is changed from Active to Under Contract-Not Showing (UCNS) w/in 48 hours of an accepted offer to purchase and a Binding Sales Contract has been accepted by both parties, the property is no longer actively being shown regardless of any Contingencies. Days Listed will no longer accumulate. There are a few pieces of information needed when moving a listing to UCNS:
|Closed||Listings identified as Closed are Off-Market and have been sold. Taking a listing from Active to Closed requires three things:
|Expired||A listing expires and is no longer active when the Expiration Date Field of the listing passes. This date must match the expiration date found on the listing agreement. An Expiration Date can be extended but cannot be changed to a date prior to the original Expiration Date.|
|Cancelled||A listing can be Cancelled for a number of reasons, and when identified as such is Off-Market. Only Brokers or Office Managers (who have broker permissions) have the ability to Cancel a property.
***Please note: To can a listing, an exclusive listing agreement must have first been mutually terminated, in writing by the Participant and seller(s), prior to the expiration of the exclusive listing agreement.
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