Changing a Listing's Status

Changing a Listing's Status

Listings must updated to reflect the status as you move though the sales process.

  • Change to Active
  • Change to Active Under Contract
  • Change to Pending 
  • Change to Hold (Pending Offer Approval)
  • Change to Hold (Temporarily Off-Market)

Verify with your broker or office manager if you are responsible for status updates to your listings.

1. To modify a listing, click on the Add/Edit tab. The Input window opens.


2. Do one of the following:

  • Click the Select a Listing field and click to select the listing
  • Type the FMLS# in the MLS field


Change to Active Under Contract

The Change to Active Under Contract (AUC) status is used when a buyer makes a written offer, and the seller accepts it, but contingencies within the agreement allow for the listing to remain “on market”.

Active Under Contract: An offer to purchase the property has been accepted, but the seller wishes to leave the listing on market to solicit backup offers. This would usually be a stipulation agreed to by both the buyer and seller within the Purchase and Sale agreement. If there are any contingencies included in the purchase and sell agreement they would be identified with this status using appropriate fields.

Pending: An offer to purchase the property has been accepted, and the seller does not wish to solicit/receive backup offers. The listing is considered Off Market. Contingencies would not be indicated in a Pending status. 

Under Contract vs. Pending: The fundamental difference between Active Under Contract and Pending is seller wishes to leave the property on market after accepting an offer with the intent to procure more offers.

  

  1. Use the Calendar to select the Binding Agreement Date.
  2. Use the Calendar to select the Proposed Closing Date.
  3. Enter the Selling Agent ID.
  4. Click Submit Property.

 

Change Back to Active link

The Change Back to Active link is used when you have placed a listing in any other status and now need to change back to Active.


Click the drop down arrow next to the Status field. Select Active.

You cannot change the listing date.

Type in or use the Calendar button to the right of the Expiration Date field to update an extended listing if necessary.

Click Submit Property.

 

Change to Pending Link

The Change to Pending link is used when the sale is pending.

 

1. Type in or use the Calendar button to enter a Binding Agreement Date.

2. Type in or use Calendar to enter a Proposed Closed Date.

3. Fill in the Selling Agent ID.  If you are unsure of the selling agent’s ID, click the Find a Selling Agent link in that section. If the selling agent is not in the FMLS system, type nonmls1 in the Selling Agent ID field.

4. Click Submit Property.

 

Change to Hold Statuses

Change to Hold - Pending Offer Approval is used when the institution which owns the home opens the property up to receive all offers through a given period at the end of which they will choose the successful bid.  You will need to indicate the final Offer Date which lets agents know the final date a bid will be accepted for consideration.


Change to Hold - Temporary Off-Market is used to temporarily remove your listing from the market.  An example of such a situation might include damage to the home such that you'd want to take the listing off-market (rather than telling agents it's simply unavailable for a day or two) for a more significant period of time not to exceed 30 days prior to the expiration date. The listing will automatically return back to Active once it reaches the date entered for Date to Go Active. (See the section under Active in the Explanations of FMLS Statuses for more details)

 

Type in or use the Calendar button to enter the Offer Date or the date to go active and click Submit Property.

NOTE: Only FMLS can change a listing status to SOLD. Please refer to the FMLS Policies and Procedures for information about handling Solds.


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