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Posted by
Mike N

When a contract is in place, is the listing agent required to change the listing to Option Pending?

I've been in contract for a few days, but the listing has not changed status. The house was recently placed back on the market after the buyer backed out so it has already changed status before. I understand why they may be hesitant to change the status until the option period has ended, but is holding out even allowed?

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When a contract is in place, is the listing agent required to change the listing to Option Pending?

By Mike N   
Posted on Mar 31, 2017 in Topic: Home Buying
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I've been in contract for a few days, but the listing has not changed status. The house was recently placed back on the market after the buyer backed out so it has already changed status before. I understand why they may be hesitant to change the status until the option period has ended, but is holding out even allowed?
Status: Closed
Viewed: 478
Asked by: Consumer
Posted: 9 months ago
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Karen Sherrill
about 8 months ago
#1 AWARDED - BEST ANSWER
The listing agent is required to place the home as "option pending" within three days of receipt of the executed contract. Some agents wait until they are in receipt of the option fee, but still within these guidelines. It is usually simply an oversight or extenuating circumstances prevented them from updating the MLS. Have your agent connect with the listing agent for follow-up.

about 8 months ago
Bronze
Tokunbo Salawu
about 8 months ago
Reasonably, the listing agent should update the status. Its good to have updated and correct information on HAR.


about 8 months ago
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
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