Effective April 1, 2013, the time period allowed to update a listing’s status from “Active” to “Option Pending,” “Pending Continuing to Show” or “Pending” will be reduced from five days to three days after a contract has been signed. This rule change was voted on and approved by the HAR Board of Directors in response to an increased number of complaints received from REALTORS® and consumers alike regarding listings being left in the active status after a contract has been accepted and executed. Timely reporting of status changes to “MLS” is very important to give an accurate display of the current status of the listed property.
MLS Listing Status Rule Change Effective April 1
