What are the various status definitions in Bright MLS?

 

There are nine unique listing status options in Bright MLS (“Bright”): Active, Active under Contract, Cancelled, Closed, Coming Soon, Expired, Temporarily Off Market, Pending, and Withdrawn. The definition for each status can be found in the Bright Rules & Regulations.

Sellers wishing to temporarily suspend marketing have the option to update their listing status from Active to Temporarily Off-Market (“TOM”).  Properties in TOM status are those which the seller has requested the listing broker to (i) temporarily suspend the marking of the property, and (ii) not set appointments for showings. The listing is off-market, but a listing contract still exists, and the listing is expected to come back on market. Days-on-Market (“DOM”) does not accrue while the property is in TOM status. However, the property will not be viewable on third-party websites.

Sellers wishing to completely exit the market may choose between Withdrawn or Cancelled. Withdrawn status means the listing has been withdrawn from the market, there is no intention to bring the property back on the market, but a listing contract still exists with the Seller. With Cancelled listings, the listing agreement has been prematurely terminated. For both statutes, DOM will not accrue and will reset after 61 days. Showings are not permitted, and the property will not appear on any third-party sites. Properties in either status could go Active again, but the DOM will only reset after 61 days. The Code of Ethics requires the MLS status to accurately reflect the seller’s instructions and the state of the listing agreement.

Finally, Expired listings are those in which the listing agreement has passed its contractually agreed upon expiration date, and the listing broker has not secured permission from the seller on or before that expiration date to extend the term of the listing for an additional period. In other words, the listing contract has expired as agreed with no extension.


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