For those of you who use our MLS service offered on this site, you need to read the following as status information is going to be changed.
Effective January 4, 2012, the San Francisco Association of REALTORS® MLS is revising the listing status options in the MLS. The revised statuses are designed to help practitioners better serve their clients and are reflective of both current market conditions and practices in the field.
The new status definitions were developed after an evaluation of what surrounding MLSs in Northern California are doing, as well as an exploration of the needs in our local market(s). Recommended by the MLS committee and authorized by the SFAR Board of Directors, the new MLS statuses appear in the status list below, indicated by an asterisk.
MLS Statuses as of January 4, 2012
|Active||A||No accepted offer|
|Act. Cont. – Short Sale*||C||Accepted offer pending lender approval, additional offers being sought|
|Act. Cont. – Rel. Clause*||C||Accepted offer with a subject to sale seller release clause, additional offers being sought|
|Act. Cont. – Show*||C||Accepted offer with Buyer contingency provisions such as inspections, accepting back-up offers|
|Act. Cont. – Probate*||C||Accepted offer, available to be overbid through the court confirmation process|
|Pending||P||The Seller has accepted an offer and is not soliciting additional offers|
|Temp. Off Market*||O||The listing contract is still valid, but the property is not being actively marketed|
|Withdrawn – Cancel*||W||The listing agreement has been cancelled|
|Withdrawn – Duplicate*||W||Duplicate listing, property can be found as pending or sold in another category|
|Expired||X||The listing agreement has expired|
|Sold||S||Escrow has closed|
*New MLS status as of January 4, 2012
Automatic MLS Status Conversions
Upon implementation of the new statuses, listings under two current MLS statuses will be converted to one of the new statuses. Below is a guide indicating which statuses will be converted to a new status.
|Current Status||New Status|
|Active Contingent →||Active Contingent – Show|
|Withdrawn →||Withdrawn – Cancel|
If your listing has been converted from Active Contingent to Active Contingent – Show, and you need to change the status to one of the other active contingent statuses, you can do so by clicking on Status Information in the Revise Listing menu for your listing. Please be aware that per SFAR MLS Rules, MLS listings must be updated to reflect the correct status within 72 hours of the change.
If your listing has been converted from Withdrawn to Withdrawn – Cancel, but your listing is only temporarily off the market, you will need to contact MLS staff to change the listing to the new Temp. Off Market status. Please send a request in writing by email to email@example.com or by fax to 415-553-3968 to have this change made.
Within 3 days of accepting any offer on a listing in the MLS, the listing agent must report the sale, by marking the listing as Pending or choosing one of the four Active-Contingent statuses. Adding the new Active-Contingent statuses allows listing agents to comply with MLS rules requiring them to change the status from Active while still clearly indicating that the property is available for backup offers or overbid at a court confirmation hearing. The Active Contingent – Show status remains to allow listing agents to solicit backup offers while Buyer contingencies are still in effect. In addition to Active listings, all Active Contingent statuses are available in all IDX/VOW feeds and on Realtor.com – provided the listing agent indicates that the Seller wishes the listing to be included in the IDX and VOW program(s).
The addition of Temporarily Off Market will allow listings agents to accurately communicate to cooperating brokers and agents that the listing agreement is still in effect, but the property is not being shown or marketed for a period of time. Further, the new Withdrawn-Duplicate status should be used if the listing has been entered into more than one property type, such as a 3-unit building listed as both a TIC and a multi-unit building. At the time a pending sale is reported for one of the listings, the additional listings should be reported as a Withdrawn-Duplicate listing.
SFAR hopes you find the changes useful in your business.