For Sale

MLS RULE 10.2  |  STATUS UPDATES WITHIN 1 DAY

All “pending” and “sold” properties must be input into the MLS within 1 day of acceptance or close unless negotiations are carried out under Section 9.1 (a) or (b).

pending

Listing brokers must report/input accepted offers as “pending” within 1 day after the acceptance unless negotiations were carried out under Section 9.1 (a) or (b) in which case, the buyer broker shall notify the listing broker of the “pending” status within 1 day  after acceptance, whereby the listing broker shall then report/input the status change into the MLS within 1 day after receiving notice from the buyer broker. Price and terms should not be input prior to final closing.

sold

Upon final closing, the listing broker must report/input the listing in the MLS as “sold” within 1 day after the final closing date unless the negotiations were carried out under Section 9.1 (a) or (b), in which case the buyer broker must notify the listing broker of the “sold” status and selling price within 1 day after the final closing date, whereby the listing broker can then report/input the status change and selling price within 1 day after receiving notice from the buyer broker. Listings not input into the MLS as a result of seller’s instructions may be reported/input into the MLS “sold” data at the listing broker’s option.

for comp purposes only

If a listing is entered for comparable purposes only, then “For Comp Purposes Only” shall appear in the first line of Confidential Remarks…

10.2 Reporting of Sales.  Listings with accepted offers shall be reported to the MLS or input into the MLS database as “pending” within 1 day after the acceptance, by the listing broker unless the negotiations were carried on under Section 9.1 (a) or (b), in which case, the buyer broker shall notify the listing broker of the “pending” status within 1 day after acceptance, whereby the listing broker shall then report or input the status change to the MLS within 1 day after receiving notice from the buyer broker. The listing shall be published on the MLS as pending with no price or terms prior to the final closing. Upon final closing, the listing broker shall report or input the listing in the MLS as “sold” within 1 day after the final closing date unless the negotiations were carried on under Section 9.1 (a) or (b), in which case, the buyer broker shall notify the listing broker of the “sold” status and selling price within 1 day after the final closing date, whereby the listing broker shall then report or input the status change and
selling price within 1 day after receiving notice from the buyer broker. Listings that were not input into the MLS as a result of the seller’s instructions may be input into the MLS “sold” data at the listing broker’s option. If a listing is entered for comparable purposes only, then “For Comp Purposes Only” shall appear in the first line of confidential remarks. Additionally, an MLS may accept the reporting of sales information solely for comp purposes about other properties which were not otherwise eligible for input into the MLS but are located in the MLS’s primary geographic service area and “sold” by a MLS Contra Costa Association of REALTORS® Multiple Listing Service CCAR MLS Rules and Regulations Page 24 of 64 Revised January 1, 2019 Participant and/or Subscriber who represented the seller, as long as such reporting is authorized by the underlying property owner to the broker who represented it, (documentation of which must be presented to MLS, if requested by the MLS), and the circumstances of the representation are disclosed on the Service by the reporting participant or subscriber. For violation of this section, see Appendix B, Citable Infractions.