Pending Agreement Translate

It will again be this time of year when we see that the offers are coming into agreement. Our favorite time of the year! As a reminder, your commitment as a member of the MLS is to report to the system any change of status within 2 business days of a fully signed purchase and sale contract. But how do you do it? It all depends on where the transaction is located. Purchase and sale contract with a home sale quota: purchase and sale after all contractual quotas have been met: While this is often the argument that one works in the best interest of its seller by continuing to market a property as an asset, remember that your obligation to your seller does not extend to violations of the code of ethics or the right of license. Please also note that your obligation to update the status of your offer is not just an MLS issue. As a REALTOR, you have agreed to comply with the standards of the code of ethics that contains Article 12: REALTORS must be honest and truthful in its real estate communication and present a real image in its advertising, marketing and other representations… Standard of Practice 12-10 further explains: REALTORS` obligation to present a real image in its advertising, and public representations include internet content, images… In MLS, you need to change the status of the list in PENDING. The list will no longer be displayed in active searches performed by MLS users, and the list will be updated online to show as follows: This is the only exception to the rule to change the status in MLS. Last year, the MLS Board of Directors unanimously decided that, under these circumstances, you can maintain the list as active without adding an emergency flag. The requirement is to add a home sale emergency note to the REALTOR-TO-REALTOR remarks field in Flexmls, so that other MLS users know that such a contingency exists on the property. The list will continue to be active online: the Berkshire County Board of REALTORS┬« is managed by a small staff of three.

My role is to help our members in their day-to-day work; inform them of the latest information on education, technology, transaction issues, legislative issues and help them make full use of the MLS database and software. As a professional standards administrator, I have also attended the association`s ethics and arbitration process and assisted in peer-to-peer mediation.

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