Listing Deadlines
A signed listing agreement establishes an MLS entry date of Monday. Barring a weekend or holiday, this is the maximum time allowed to enter the listing into PrimeMLS.
What is 48 hours from the MLS entry date stated in the agreement?
A property is under contract, but the seller continues to permit showings. This is the appropriate PrimeMLS status.
What is Active Under Contract?
A listing entered in Coming Soon may remain in that status for no more than this many calendar days.
What is 10 calendar days?
Public remarks may describe the property, but they may not include this common contact item.
What is a phone number, email address or website address?
Before touring a home with a buyer, an MLS participant generally must have this in place.
What is a written buyer agreement?
An agent publicly advertises an eligible residential listing on social media before entering it into PrimeMLS. This is the deadline created by the Clear Cooperation Policy.
What is one business day after public marketing begins?
A property is under contract and the seller directs that showings stop. This is the appropriate status.
What is Pending?
During Coming Soon, this activity is prohibited for participants, subscribers and prospective buyers.
What is showing the property?
A licensee owns part of the property being listed. PrimeMLS requires the ownership interest to be disclosed here.
What is the public remarks?
Compensation stated in a buyer agreement must be objectively ascertainable and cannot be described this way.
What is open-ended?
A closed off-market transaction is eligible to be entered as a Comp Only listing within this period after closing.
What is seven calendar days?
A seller temporarily pauses marketing but remains bound by the listing agreement. This is the proper status.
What is Withdrawn?
This measurement does not accumulate while a listing remains in Coming Soon status.
What is Days on Market?
Unless the seller directs otherwise, at least one listing image must generally be uploaded within this period after listing entry.
What is 48 hours?
Listing agreements and buyer agreements must conspicuously disclose that broker compensation is not set by law and is this.
What is fully negotiable?
PrimeMLS requests documentation confirming a valid listing agreement or sale. The designated broker generally has this amount of time after confirmed contact to provide it.
What is four business hours?
The listing broker releases the seller from the agreement before its expiration. This status must be used.
What is Terminated?
Once a Coming Soon listing automatically transitions to Active, it cannot be changed back to this status.
What is Coming Soon?
A virtual tour contains the listing agent’s name in its audio narration. This violates the requirement that tours be this.
What is unbranded?
PrimeMLS requests proof of a written buyer agreement. This is the deadline for providing it after confirmed contact with the designated broker.
What is 24 hours?
A listing expires and the same firm signs a new agreement 20 days later. Instead of creating a new listing, the firm must take this action.
What is reactivate the original MLS number?
*Reactivation of expired or terminated listings relisted by the same firm within 30 days.
A pending transaction falls apart. PrimeMLS requires the listing broker to do this immediately.
What is report the cancellation and reinstate the listing immediately?
The first-offense fine for showing a property while it is in Coming Soon status.
What is $250?
1st Offense- $250
2nd Offense- $750
3rd Offense - $1,500 plus required hearing
An agent posts a market-share advertisement using PrimeMLS data. The advertisement must identify this.
What is the period of time covered and a PrimeMLS data disclaimer?
The first-offense fine for referencing cooperative compensation in the MLS compilation.
What is $250?
1st Offense-$250
2nd Offense - $750
3rd Offese- $1,500