MLS Status Definitions

In recent times many clients of mine have come to ask what the meaning of the different status’ they see in the Multiple Listing Service I provide to them, www.FindaHomeSellaHomeNow.com . Here is a summary of the different status’ and what they mean.

Listing Status Categories

As you look through the property listings, you will notice the Multiple Listing Service displays each listing as to its “Status.” Here is the list provided by our area MLS (MRIS).

· ACTIVE - Indicates that the property is available with no contingencies, contract or application registered against it.

· CNTG/KO - (Contingent with Kick Out) - Indicates that the property is available but has a contract with at least one pending contingency that includes a kick out clause.

· CNTG/NO KO - (Contingent with No Kick Out) - Indicates that the property is available but has a contract with at least one pending contingency and the pending contingencies do not contain kick out clauses.

· APP REG - (Application registered) - Indicates that the property is available but a rental application has been registered on it.

· CONTRACT - Indicates that the property has a ratified contract with no pending contingencies. If the only remaining contingency is financing the status should be contract.

· SOLD - Indicates that the property is sold and settled.

· RENTED - Indicates that the listing has been rented.

· TEMPORARY OFF - Indicates that the property is not available for showing. This status is for short term use and must have seller approval.

· EXPIRED - Indicates that the listing agreement has expired.

· WITHDRAWN - Indicates that the listing agreement has been terminated prior to its original date

If you have any questions regarding the status of a listing, or more Real Estate information in general. Please feel free to email or call at any time.

Thomas Merical