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Reporting Status Changes to the MLS

When? Within 1 business day of either:

  • recordation or
  • contract acceptance

Which Status? When recordation occurs, change to Sold. After contract acceptance, change status to:

  • Pending: Always appropriate whenever a contract is formed.
  • Active-Contingent:Only when a contingent sale addendum is attached. Once the contingency is removed, the status MUST be changed to Pending.
  • Active Due Diligence:Only when the sale is subject to a Due Diligence Period. When the Due Diligence Period end date is reached, the status MUST be changed to Pending. When the Pre-Construction Evaluation Period (Form 800-T) end date is reached, the status MUST be change to Pending.
  • Active Short Sale:Only when the Short Sale Addendum (Standard Form 2A14-T) is attached to the contract). Once the Lienholder has approved the short sale, the status MUST be changed to Pending.
  • Active Temp Off Market:Only if owner is a REO and where there is a verbal acceptance pending the Buyer executing additional document(s). Once the document(s) are executed, the status MUST be changed to Pending.

NOTE: If there is a short sale or contingent sale addendum attached to a contract, you may not use Active Due Diligence as the status.

 

 

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