

1,112,898
Define offer. Is it an accepted offer, waiting on paperwork? If not, it's an active listing and other offers should be submitted and reviewed. If they have an executed contract, our MLS gives us 24 hours to pend it.
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Luke Acree
King of Prussia, PA
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Tony and Suzanne Marri...
Scottsdale, AZ
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Dorie Dillard Austin TX
Austin, TX
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Sheri Sperry - MCNE®
Sedona, AZ
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Ron and Alexandra Seigel
Carpinteria, CA
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Lyn Sims
Schaumburg, IL
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Eve Alexander
Tampa, FL
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Candice A. Donofrio
Fort Mohave, AZ
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Kasey & John Boles
Boise, ID
936,418
An offer is not a contract so it's fine.
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Luke Acree
King of Prussia, PA
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Nina Hollander, Broker
Charlotte, NC
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Lyn Sims
Schaumburg, IL
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Roy Kelley
Gaithersburg, MD
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Candice A. Donofrio
Fort Mohave, AZ
3,690,874
Doesn't work out so well for the agent in my MLS area - they will get fined. Must be put in either UCB (under contract taking backups) OR CCBS (under contract contingent on buyer sale).
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Luke Acree
King of Prussia, PA
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
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Joseph Domino 480-390-...
Scottsdale, AZ
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John Mosier
Prescott, AZ
5,201,631
Do you mean an accepted offer? If so, yes, our MLS requires the status be changed. But if just an offer, not an issue, especially since there will likely be other offers in our market
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Luke Acree
King of Prussia, PA
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
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Lyn Sims
Schaumburg, IL
544,897
This can make for a significant FINE if done in my MLS if there is an Accepted Contract. The presence of an Offer does not mean anything.
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Luke Acree
King of Prussia, PA
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
321,664
If a contract is in effect the status has to be changed in MLS.
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Luke Acree
King of Prussia, PA
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
6,764,535
There is a fine for not updating these here, but we do have choices like Active w offer, and Active with bump.
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Luke Acree
King of Prussia, PA
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
5,774,106
I agree with Candice A. Donofrio
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Luke Acree
King of Prussia, PA
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Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
5,585,039
our mls fines for stuff like that.... ours goes contingent first ....then uag after inspections and mortgage conting. is satisfied...
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Luke Acree
King of Prussia, PA
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
637,764
The question has been answered a few times here. However, I believe in calling the listing agent before I show a property. Often, if it shows "active", they have an offer they are working on and it's for them to know another one might be coming in.
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Luke Acree
King of Prussia, PA
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
1,875,058
Yeah, well that's a strategy I guess but in my area you cannot continue to show if you have a contract. You can accept backups if you want. What's the point of trying to sell a listing that is sold?
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Luke Acree
King of Prussia, PA
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
809,308
It is against our MLS rules, so listing agents that do this will get reported and fined. We have appropriate contingent statuses if it fits the circumstances, but most properties go directly to pending, and if not, there are enough agents that will report them and our MLS will require the change, so it doesn't happen often. -Kasey
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Luke Acree
King of Prussia, PA
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Debe Maxwell, CRS
Charlotte, NC
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Anna "Banana" Kruchten
Phoenix, AZ
2,717,698
Unethical, potentially false and misleading advertising.
It should be marked as Contingent or Pending or Backups Welcome. If an LA fails to do that, report them to the MLS Committee of your board or association.
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Luke Acree
King of Prussia, PA
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Debe Maxwell, CRS
Charlotte, NC
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Anna "Banana" Kruchten
Phoenix, AZ
2,311,680
Not cool. It is such a time waster for everyone. At least they could put in Broker Remarks that they have an offer but I rarely see that.
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Luke Acree
King of Prussia, PA
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Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
4,790,800
I think there may be an issue with "terms". An offer is different than an accepted offer. I imagine each MLS will have rules(and likely fines) regarding accepted offers and reporting status changes.
As to your bigger question of "what do agents think?" --- I follow the wise teachings of Susan Emo and keep my eyes on my own paper. There are so many things happening in the world where I have no control...this is likely yet another one of those.
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Luke Acree
King of Prussia, PA
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Nina Hollander, Broker
Charlotte, NC
3,988,144
We have a couple of days to change the status in MLS or be subject to penalty. Agents are quick to report abuses. Offenders cause problems for the rest of us agents.
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Luke Acree
King of Prussia, PA
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Nina Hollander, Broker
Charlotte, NC
5,348,953
Same with us Candice A. Donofrio !
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Luke Acree
King of Prussia, PA
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Debe Maxwell, CRS
Charlotte, NC
403,257
I would keep the listing active with an offer or even multiple offers. An accepted offer with earnest money deposit received by escrow is a different story.
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Luke Acree
King of Prussia, PA
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Debe Maxwell, CRS
Charlotte, NC
1,957,372
I agree with Candice A. Donofrio on this...
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Luke Acree
King of Prussia, PA
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Candice A. Donofrio
Fort Mohave, AZ
833,514
If an offer is accepted and signed by the seller, the status in the mls have to be changed to Pending or Pending with Contingency.
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Luke Acree
King of Prussia, PA
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Debe Maxwell, CRS
Charlotte, NC
3,447,266
I will not speculate as to why agents do this. It is a violation of my MLS rules.
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Luke Acree
King of Prussia, PA
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Debe Maxwell, CRS
Charlotte, NC
509,499
Yes, some agents do that to get more offers or they are slow in answering the first offer hoping to get a better second or third offer. Unfortunately there's nothing much you can do unless your buyer has another home that they like. In Texas you can write in your offer seller to respond by certain time frame, but when it's a very hot seller's market with multiple offers they don't care unless your offer is very strong.
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Luke Acree
King of Prussia, PA
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Debe Maxwell, CRS
Charlotte, NC
311,057
Executed AOS, we have a time limit where we must change in MLS or we are Fined. If just an offer then i can accept as many as want to give to my seller, then we move into multiple offer scene.
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Luke Acree
King of Prussia, PA
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Debe Maxwell, CRS
Charlotte, NC
8,235,449
Offers have no impact until there is a contract.
Follow the rules of your local MLS.
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Luke Acree
King of Prussia, PA
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Jeff Pearl
Lovettsville, VA
5,176,933
I can only speak for myself. What I think is I think they are lazy agent.
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Luke Acree
King of Prussia, PA
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Debe Maxwell, CRS
Charlotte, NC
682,106
our MLS imposes fines for such lack of accurate reporting.
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Luke Acree
King of Prussia, PA
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Lyn Sims
Schaumburg, IL
3,074,716
878,691
This is a recent hot topic in our area. Our board rules are such that it needs to be pending within 72 hours of both parties signing. It CAN stay "active/under contract" (i.e. accepting back up offers) with documented seller instruction to do so. In reality, showing activity slows to a halt with that scenario too.
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Luke Acree
King of Prussia, PA
846,575
If the offer is accepted by both parties, all executed our MLS requires us to pend it, pending with back ups( is another option) in 24 hours.
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Luke Acree
King of Prussia, PA
2,259,303
4,322,295
Luke Acree - seriously, they waste everyone's time!
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Luke Acree
King of Prussia, PA
5,557,740
If they have a Contract, they waste everyone's time (including their sellers' time), if they don't notify the showing agents AND change the listing in MLS. That drives me NUTSO!!
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Luke Acree
King of Prussia, PA
3,986,529
1,269,043
I saw one sign on a busy street for 2 years with home sold just as long. Finally a cometing agent filed a complaint to DRE as deceptive tactics.
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Luke Acree
King of Prussia, PA
773,486
Our MLS has set up a penalty system that if the status of a listing is not changed within 48 hours, the brokerage is fined $50 per occurance.
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Debe Maxwell, CRS
Charlotte, NC
2,872,065
I don't accept any offer unless it is thoroughly vetted. After that, we close
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Luke Acree
King of Prussia, PA
1,466,257
Luke Acree Listings without current status are subject to fines.
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Luke Acree
King of Prussia, PA
1,713,581
It depends on the MLS rules as to when you put it pending. of course that doesn't mean that agents follow the rules.
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Luke Acree
King of Prussia, PA
5,291,948
6,054,829
1,525,616
Real estate law varies a lot from one state to another. That being said, it depends on what you mean by offer and what your MLS rules are.
4,434,277
444,270
Once an offer is signed by all parties, that's a contract. The existence of a contract is a material fact, so it has to be disclosed. and that means the Status has to be changed in the MLS.
86,514
1,758,837
We used to have Active with Contract (AWC) as an option to encourage continued showings. Now it is just Active, Pending, or sold; therefore I don't blame agents trying to provide their clients more options if the current contract should fail. However, there should be a notice right at the top of the public remarks to alert folks that there is a contract on the home and back-ups are requested.
1,546,064
If the offer is accepted we have two appropritate states out here:
1) CYB - Contingent and accepting backup offers. Usually stays in this state until all contingencies are removed.
2) Pending - All contingencies are removed and it's (fairly) smooth sailing to closing.
602,081
I wrote a blog about it and have complained about it more than once. It's false advertising, a violation of our MLS rules, our state law, and the NAR Code of Ethics. Other than that, I have no problem with it. ;)
577,950
If its just an accepted offer with conditions, then you still have to leave it up until the sale is final and all conditions have been removed from the offer. If the offer was a firm offer, then the property is sold and it should be updated as such.
5,387,721
Our mls requires an update on status within 72 hours... an offer is not a status change. An executed contract is a status change. I don't change any status until/unless I have a ratified contract.