Listings Showing Active,But are under contract
Posted Jul 9, 2008 @ 8:09 pm, Viewed by 1216 Visitors, Read 1257 Times.
This is happening to me more often these days. When I call to check availability on a home it is under contract but is still showing as an active listing in the local MLS. I ask them why they did not change it....One response was "I have a contract, but I am not really sure it is going to happen," Another response I got was " We have not changed it because we have not received the signatures from the bank" There should be some kind of indicator or selection other than "Active" on the MLS to show other brokers that it is "Almost Pending" so that we do not waste our time showing unavailable property.
Is this ethical to keep a house "Active" when you actually have a contract on a home or property? Is there a penalty for keeping a property Active when it is under contract?
To me it is more aggravating because I am wasting my time trying to get information on a home that is already Under Contract when I could be spending my time finding homes for my clients that are truly "Active"
Rate this Post!
Share this Post
Print
Social Bookmarking1 Responses to “Listings Showing Active,But are under contract”
REW Blogs User Stats
Currently Online Users:
0
Total Users:
2,389
Entries:
7,605
Unique Views:
6,448,948
Total Views:
6,786,739
Total Comments:
9,372
Total REW Points:
510
Prior to selling Atlanta real estate I was a Commercial Pilot until the job market in the airline industry went south. I am a United States Navy veteran of the Gulf War in the early nineties and was an Aviation Electronics Technician and a Quality Control Technician. Read More
Contact Me
RSS Feed- This User's Stats
-
Blog Entries: 17Average Blog Rating: 0Unique Views: 17,027Total Views: 17,516Comments Posted: 8Comments Received: 13REW Points: 0
Top Rated
REW Blogs RSS Feed
Your MLS and local association should have rules set out about when they are supposed to have status changed -- check with them. Some MLS systems have a report a listing violation link on the site or again, contact your local board when you find listings out of compliance.