Frank, I see you are a Realtor asking, so here is the official rule in the MLS Rules & Regulations: 1.4 Change of Price/Status of Listing: Any change in listed price or other change in a listing contract shall be made only when authorized in writing by the seller or lessor and shall be broker-loaded or filed with Multiple within three (3) days after notice is received by the listing participant; provided, however, the listed price may only be changed while the listing is in Active status. Each ...

Frank, I see you are a Realtor asking, so here is the official rule in the MLS Rules & Regulations: 1.4 Change of Price/Status of Listing: Any change in listed price or other change in a listing contract shall be made only when authorized in writing by the seller or lessor and shall be broker-loaded or filed with Multiple within three (3) days after notice is received by the listing participant; provided, however, the listed price may only be changed while the listing is in Active status. Each change in price must be authorized in writing by the seller and specify the date of the change and the new list price. Once an offer has been accepted the listed price should not be changed unless the contract has been terminated and the listing status is changed back to Active.

Hi Frank,

Here is the general break down for each status:

The different pending options are as follows:

OP: Option Pending - The sellers have accepted a contract. This period is the time the buyers continue their due diligence and complete inspections. The buyer pays for this option period and in return has the unrestricted right to terminate at any time for any reason. Any repair amendments should also take place within this period. I watch properties very closely in the op...

Hi Frank,

Here is the general break down for each status:

The different pending options are as follows:

OP: Option Pending - The sellers have accepted a contract. This period is the time the buyers continue their due diligence and complete inspections. The buyer pays for this option period and in return has the unrestricted right to terminate at any time for any reason. Any repair amendments should also take place within this period. I watch properties very closely in the option period.. sometimes you see them go back active pretty quickly due to buyer change of heart.

PS: Pending continue to Show - For reasons determined by the seller, they have continued to show the home although a contract has been accepted and through the option period. Sellers may choose to keep showing the home if there is a contingency or while waiting for final financing approval as determined in the Third Party Financing Addendum.

P: Pending - Option period complete, contract is waiting to close. No showings will be allowed through CSS. Usually agents will put it as Pending status when the buyer is through their financing contingency period (if they have one). This is a seller decision. I always ask my seller if they want to remain Pending Continue to Show up until the property closes so the property can potentially still be shown.

I'd be happy to check on a specific property you want more information on. Feel free to send it my way!

Darby Grimmett
Keller Williams
 Email 
936-827-9217