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BAREIS Status List & Definitions

BAREIS Status List & Definitions
(The correct Status must be entered per BAREIS Rules & Regulations 9.19, 9.21, 9.22)


Coming Soon - CS - This listing has a valid listing agreement and is viewable to members but not ready for an Active status in the MLS until a specified On-Market Date. Does not count Days On-Market.


Active - A - This listing is currently for sale. Continues counting Days on Market.


Contingent - Release - CR - This listing has an accepted offer on it which contains a release clause in the sales contract (As an example, the buyer has 72 hours sell their home and release the contingency). The property is still available to be shown by other agents and the seller is accepting additional offers. Continues counting Days on Market.


Contingent - Show - CC - This listing has an accepted offer with contingencies which may include items like inspections, approvals, financing. The property is still available to be shown by other agents and the seller is accepting additional offers. Continues counting Days on Market.


Contingent - No Show - CN - This listing has an accepted offer with contingencies which may include items like inspections, approvals, financing. The listing agent is instructing buyer’s brokers not to show the property. The listing agent may or may not be accepting additional offers. Continues counting Days on Market.


** PLEASE NOTE: Agents should indicate if contingent properties should continue to be sent to the internet. All Contingent status listings will change to Expired upon the expiration date of the listing.


Pending - P - There is an accepted offer on this listing. The contingencies have been removed and the property is off the market pending the close of escrow. Listings with a pending status will not expire upon the expiration date of the listing. Stops counting Days on Market.


Sold - S - This listing has successfully been Sold and is now permanently Off the Market. Stops counting Days on Market as of pending date.


Sold Off MLS - O - Listing was marketed and sold outside the MLS. Stops counting Days on Market as of pending date.


Temp Off Market - WT - The listing is being taken temporarily off the market at the request of the Broker/Seller, but still has an active valid listing agreement in place. Listings with a Temp Off-Market status will change to expired upon the expiration date of the listing. (*Please see BAREIS MLS® Regulation 10.3). Stops counting Days on Market while in Temp Off Market Status.


Withdrawn-Cancel - WC - The listing is being Withdrawn from the market at the request of the Broker/Seller. The Broker and the Seller have agreed to cancel their listing agreement. Stops counting Days on Market.


Expired - X - This listing has reached its expiration date and is no longer on the market. An Expired listing can be changed to Active by the listing broker within 7 days, or by BAREIS staff after 7 days if a new contract is executed, or the previous contract is extended. Stops counting Days on Market.


Leased/Option - WL - The listing is being Withdrawn from the market as the Seller has agreed to enter into a Lease/Option Agreement. This can be changed to Sold status by the BAREIS staff if the buyer executes the option. Stops counting Days on Market.


Leased/Rented - L - This Listing is Off the Market since it has been successfully Leased/Rented. Stops counting Days on Market.

9/24/2019

  • 147
  • 24-Sep-2019
  • 8619 Views
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