when is the status of a property updated after the execution of the contract?
1,7735 answer(s)
About 8 years ago
The status of the property should be updated as soon as possible, but it has to be done within 3 days according to HAR.
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DislikeAbout 9 years ago
Typically it would be the next business day, but it could be anytime up to 3 days
About 9 years ago
MLS Rule 2.5 states status changes are to be made within 3 days.
MLS Rule 1.4 also designates a within 3 days period of time for price and status changes.
Members found in violation of the MLS Rules are subject to disciplinary action including fines. The complete MLS Rules, including the Top Rules To Remember, are readily available to members under the MLS tab on their member dashboard.
MLS Rule 1.4 also designates a within 3 days period of time for price and status changes.
Members found in violation of the MLS Rules are subject to disciplinary action including fines. The complete MLS Rules, including the Top Rules To Remember, are readily available to members under the MLS tab on their member dashboard.
About 9 years ago
It should be done in a timely manner. As soon as all parties have signed the contract and the contract is executed and receipted at the title company the status should be changed.
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
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