Listing Status Definitions

Top
Active (ACT)
Active is the status for any property for which you have a current and in-force contract with the seller.


Top
Expired (EXP)
Once the contract that you have with the seller reaches its expiration date, that listing is considered expired. Naturally, it should be marked EXP in the database. This will happen automatically at midnight on the date specified in the Expiration Date field.


Top
Canceled (CAN)
Listings may also be canceled prior to their expiration date. The Canceled status signifies that the listing contract has been canceled and terminated. Obviously, if the CONTRACT with the seller has been canceled then you would not want to actively market or advertise the property. The date that you change the listing to Canceled gets recorded in the Expiration Date field and the listing will always appear as CAN from that point on.


Top
Withdrawn (WTH)
If the owner requests it, and has signed the proper paperwork, you can withdraw a listing in the RMLS™ database. The contract between you and the seller is still in force, but the property will no longer be actively marketed or advertised. This could be a temporary condition and the listing can be returned to Active status later. Special note: A listing marked WTH will still expire once it hits midnight on the date specified in the Expiration Date field.


Top
Bumpable Buyer (BMP)
Accepted offers with bumpable buyers shall be only those listings with an accepted offer which provides: 1) that the buyer's purchase is contingent upon the sale of the buyer's property within a limited time; 2) the buyer's property is in a category which can be listed in RMLS™; and 3) that if the seller receives another acceptable offer, the first buyer has a specified period to remove the contingency. A property may not remain in active status if an offer has been accepted with the foregoing terms. "Accepted offer with bumpable buyer" sales will remain as searchable listings in BMP status in the RMLS™ System until a status change is reported. If you have an accepted offer that is dependant upon the sale of other real property then your listing should be marked BMP until:
  1. The property is sold
  2. The contract expires
  3. The contract is canceled
  4. You designate the listing to be pending (see below)
  5. The listing goes back on the market and the status is marked Active again.


Top
Pending (PEN)
Pending signifies that there is an offer that has been accepted. Pending is the last step before the actual closing of the sale. You can mark a listing PEN anytime the sale of the property is dependant upon something OTHER than the sale of other real property.


Top
Sold (SLD)
Once the contract is closed and the sale of the property is final, you can mark your listing sold.