On Tuesday, October 3rd, the listing field titled
"CTG/FROR/AUC:" found under the “
Add/Remove Contingency” option on the
Change Listing screen,
will be redefined. Currently, the three selections of CTG/FROR/AUC (Contingent, First Right of Refusal, and Auction) are each considered a status “flag” and not an actual status.
After October 3rd, the title of this field will be changing to
“Contingency:” and the three selections will be
redefined as a listing status. See below:
Status "Flags" Changing
to Statuses
|
Current Field Title
|
CTG/FROR/AUC:
|
New Field Title
|
Contingency:
|
Current Selections:
|
CTG
|
New Status/Selections:
|
Contingent Take Backup
|
|
FROR
|
|
First Right of Refusal
|
|
AUC
|
|
Auction
|
The new field will look something like the following (still in design):
While these selections will now be treated as statuses, their
definitions remain the same. For example, Contingent Take Backup will still mean that the listing is being shown and the seller is accepting backup offers.
This is how the listings look today:
After October 3rd, listings will look something like this (again, still in design):
These three statuses will be treated the same as Active listings.
This modification is being implemented for a variety of reasons ranging from disclosure issues to not being able to generate accurate reports in the MLS system.
- Statuses will be clearly defined for each listing, providing proper disclosure.
- The new statuses can be included in all reports for statistics, searches, Hotsheets, and more.
- Third Party websites will now display the listing status correctly. Some websites did not know to display the “flag” field which could cause confusion with a potential buyer looking at listing data.
- Should the listing be changed back to Active, it will be considered Back On Market and display on portal and subscription updates.
All applicable listings will be updated to reflect the correlating status selection. Since these are considered new statuses, they will not be included in your current Saved Searches. If you would like to include them- you will need to revise each search, add the desired status, and re-save the search. If you do not want Contingent Take Backups, First Right of Refusals or Auctions then you do not need to make any changes to any of your saved searches.
If you have any questions, please contact Technical Support (904) 394-9494 x1605.