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If the expiration date is not extended, the listing agent will receive an Information Checker Offense notice. "Momentarily Off the marketplace" TOM - This status needs to be used when the owner does not desire provings for a brief time throughout this listing. This might be due to repair or remodel, owner illness, or other reasons.

DOM and CDOM continues to build up while the residential or commercial property is in the TOM status. "Withdrawn" WTH - Residential or commercial property is no longer offered for provings and is effectively off the market. The listing still comes from the listing broker till it expires. It is not offered to be noted by another broker up until it ends.

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DOM and CDOM continues to build up while the property is in the WTH status. "Withdrawn Sub-Listing" - Under the sub-divided listing function, you can have a primary listing with a number of sub-listings. Individual sub-listings can be withdrawn. Withdrawn Sub-Listing would indicate the sub-listing is no longer readily available. "Ended" EXP - The status instantly alters to ended when the listing expires (based on the expiration data participated in MLS by the listing broker).

"Cancelled" - CANC - The seller and listing broker accept terminate the listing, and the listing is then cancelled in MLS. This is an UNCONDITIONAL RELEASE of the listing, and it can then be noted by another broker in the MLS. DOM and CDOM stop counting when the listing is cancelled.

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DOM and CDOM stop counting when the listing is sold. What exactly are the rules for Brief Sales noted in NTREIS? The term Brief Sale is not allowed under "Home Description," "Instructions," or "Picture Description." It is, nevertheless, permitted under "Private Remarks" (see NTREIS rule 10. 02). There is also a button that can be inspected to state it is a "Possible Brief Sale." This is a searchable yes/no field utilizing a customized search.

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The purchaser and seller (property owner) in a brief sale are the parties to the purchase agreement. Once  Related Source Here  and the seller have actually signed the contract, the status in MLS must be changed from "A" (Active) to "AIR CONDITIONING" (Active Contingency). The contingency is "Lending institution Approval Required." It is not appropriate to leave the status as "A" (Active) while you are waiting for lender approval.