Coming Soon Guidelines Reminder

On August 1st we added a new status to the MLS system entitled "Coming Soon."  

Below are some of the guidelines that we would like to emphasize to ensure everyone is in compliance with our policies:

• You must have a signed Listing Agreement AND a signed Coming Soon Listing Addendum.  The listing, as usual, must be entered within 24 hours of obtaining signature.
• NOTE: The existing Seller Waiver Addendum is now to be used exclusively for those listings where the seller does not want their property entered into the NEFMLS for the full term of the Listing Agreement. 

• You will be able to list a property under this Coming Soon Listing status for a maximum of 14 days before it becomes active in the NEFMLS.  Once the listing becomes Active, it cannot be reverted back to a Coming Soon status. 
• Listing Brokers will be restricted from re-listing the same property as a “Coming Soon” listing until 45 days past the Expiration Date. 
• The Listing cannot be shown or sold by any party, including the listing brokerage, until after the Coming Soon Listing status has been changed to Active. If you want to show the listing to a prospective buyer, you must change the status.
• The option to add a listing as Coming Soon can be found on the Main fields Tab in the field titled Status.  Click the drop-down to select the appropriate status.  If you select Coming Soon you must enter a Start Showing Date (double check your entry on the date to be sure it is accurate).

Click here for more Rules & Regulations