• Do you have a fully signed binding contract executed?
• Is the seller allowing the property to be shown during this time?
• Is the seller accepting back up offers?
Active Under Contract status should be used when a binding contract has been signed, subject to meeting certain contingency conditions while the property remains active with one of the following designations:
• Soliciting Back-Up Offers
• Sale of Buyer’s Property Contingency
• Pending Short Sale Approval
• REO/Offer Accepted
• Inspection Period
The property must be available for showing.
Use the “Pending” status when there is a fully signed binding contract and the seller is NOT allowing the property to be shown.
(Pending – This “Under Contract” designation shall be used when a binding contract has been signed, subject to meeting certain contingency conditions. This designation signifies that the property is neither active nor available for showing. This designation may be used for a rental property in the MLS when the listing broker is expecting a completed rental agreement or deposit, and, with the authorization of the landlord, is no longer showing the property.)