Clarification of Contingent-Continue to Show (CCS) Listing Status (Now in Effect) (06/24/13)

 

 

In order to streamline Realcomp’s listing market statuses with regard to today’s market conditions and to clarify their proper use, the Realcomp Board of Governors made, seconded, and CARRIED the following motions during their May 31st board meeting:

  • If an agreement to purchase a property has been signed, whether it is dependent on the buyer obtaining financing, an inspection, or any reason OTHER than the sale of the purchaser’s home, then the listing should be updated to Pending (not CCS).
  • If an agreement to purchase a property has been signed and is dependent on the sale of the buyer’s home, the listing should be updated to CCS. (This is the only legitimate reason for using the CCS status on a listing—no other contingency scenarios shall be related to the CCS status).

The grid below may be helpful to you as it contains commonly questioned listing activity and status scenarios:

Activity

Proper Status of Listing
1. New listing taken – property being marketed

Active (ACTV)

Note: On Market listings in the MLS Must be Available for Showings 
2. Signed agreement executed between buyer and seller, with contingency regarding buyer selling his/her own home within X number of days Contingent-Contingent to Show (CCS - Purchase dependent on sale of buyer’s home)
3. Signed agreement executed between buyer and seller Pending (PEND) – within 48 hours of the accepted offer. Once the property closes, the listing should be updated to Sold.
4. Signed agreement executed between buyer and seller, with contingency regarding financing being secured by buyer Pending (PEND) – within 48 hours of the accepted offer. However, in the event financing is not secured by the buyer, the listing should be returned to Active.
5. Signed agreement executed between buyer and seller, with contingency regarding inspection Pending (PEND) – within 48 hours of the accepted offer. However, in the event an inspection is not secured or the sale does not go forward due to inspection issues, the listing should be returned to Active.
6. Signed agreement executed between buyer and seller, with contingency regarding short sale Pending (PEND) – within 48 hours of the accepted offer. However, in the event the short sale is not approved, the listing should be returned to Active.
7. No signed agreement … seller reviewing documents Active (ACTV) – with seller permission, the agent remarks should also be updated to reflect that the seller is reviewing documents.
8. No signed agreement … back-up offers only being accepted Active (ACTV) – with seller permission, the agent remarks should also be updated to reflect that the seller is accepting back-up offers only. When active, the listing must be available for showings.
9. No signed agreement … but seller decides “no more showings, no more offers” (even temporarily) Conditionally Withdrawn (CWTH)
10. Seller with a CWTH property is ready to show the property again or accept offers Active (ACTV) - when active, the listing must be available for showings.
11. Seller with a CWTH property accepts an offer Pending (PEND) – 48 hours of the accepted offer

 

If you have any questions about this information, please contact Realcomp's Customer Care Department at (866) 553-3430. Thank you for your adherence to these newly modified MLS policies.   

  
Last modified: Thursday, June 7, 2018  

  

Feature Story June 2013

June 2013

Contingent-Continue to Show Status Clarified

In order to streamline Realcomp’s listing market statuses with regard to today’s market conditions and to clarify their proper use, the Realcomp Board of Governors made, seconded, and CARRIED the following motions during their May 31st board meeting ...

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