 Metrolist Update - Retiring the temporary Off Market Status
By Carol Keller & Dick Crook, AAR’s MLS Rules & Regulations Committee members
Effective Sept. 1, 2009, the Temporary Off Market status will be eliminated. Below are some frequently asked questions regarding the correct applications to use in place of the Temporary Off Market status.
Q: I have showing restrictions. What status do I use?
A: Your listing can remain in the Active status; you would then disclose showing restrictions in the Broker remarks field.
Section 1.3 Availability of Listed Property: Listing brokers must not misrepresent the availability of access to show or inspect a listed property. Every listing with an Active status must be available for showings. Any restrictions on showing availability must be disclosed in Broker Remarks, e.g. “Showing restrictions. Contact listor.” is acceptable.
Q: I have a short sale listing and we’re waiting for lender acceptance of an offer. Shouldn’t I use the Temporary Off Market status until we get an approval?
A: Actually, in this case you can leave the listing as Active – as long as you have disclosed “Short Sale” and “Short Sale Pending Lender” in the Terms section.
Q: I have a listing that is not currently available for showings. What is the correct status?
A: This listing should be withdrawn in the system status until the listing is available for showings.
Q: My seller has decided to install new carpeting and do some painting, so he wants to take the property off the market for three weeks. How do I handle this?
A: You have two different ways in which to comply with the rules. First, you could place the status as Withdrawn until the property is available to be shown again or you could keep it as Active with comments in Broker Remarks. If the property is not going to be available for showing for more than a month, then the property should be withdrawn until it is available for showings.
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