18 BrightMLS Cheatsheet

Transcript

1 Which listing status should you use in Bright? This status cheat sheet has you covered! Don’t forget - all status changes must be reported within three (3) business days. • Currently subject to a listing contract and entered in Bright. The property is • Available showings (new construction may not qualify), AND actively being shown Active • Seeking agreements of sale to present to the Seller; AND to buyers. • The listing is on the market and a written offer has not been accepted. • A written offer has been accepted. The property is under Active Under contract however it The seller has directed: • is still available for - continue to show the property AND Contract showings. - accept backup offers. Both the listing broker and the seller have agreed to terminate the listing • The contract for agreement prior to its original listing expiration date. the listing has been Cancelled cancelled. • The listing is no longer being marketed by the listing broker. • A successful closing has taken place, AND Title has been transferred from Seller to Buyer OR • Used for both Sale Possession of a property has been transferred from a lessor to a lessee. • Closed and Rental Listings s been • The agreement of sale has been fulfilled or the lease agreement ha executed. Currently subject to a listing contract and entered in Bright. • No agreement of sale is currently in effect. • The property will be This listing has not yet been on the market but will be on the market soon. • available to be shown Seller directed to: • within a 21 day period Coming Soon - to market (or pre-market) the property. from the date entered - but not to set appointments for showings during in the MLS. a current, specifies time-period. • Listings are limited to 21 days for the coming soon status. • The listing contract has passed its expiration date, AND The contract for the listing has expired and • The Participant has not secured permission from the Seller on or before that Expired has not been renewed. date to extend the term of the listing. Temporarily suspend the marketing of the property, AND • The property has Temporarily • Not set appointments for showings. been taken off the market for a set • The listing contract between the Participant and the Seller remains in effect. Off Market period of time. The listing is expected to come back on market. • An agreement of sale is in effect, AND • The property is • The settlement has not yet taken place, AND currently under Pending contract and pending • Showing appointments are not being accepted. settlement. The listing is no longer on the market. • • The listing has been withdrawn from the market. The property has • A contract still exists between the Seller and the listing broker. been taken off the Withdrawn market. • There is no intention to bring the listing back on the market.

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