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.

An offer is not a contract so it's fine.

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).

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

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.

If a contract is in effect the status has to be changed in MLS.

There is a fine for not updating these here, but we do have choices like Active w offer, and Active with bump.

I agree with Candice A. Donofrio 

our mls fines for stuff like that.... ours goes contingent first ....then uag after inspections and mortgage conting. is satisfied...

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.

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?

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

     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.  

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.

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.  

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.

Same with us Candice A. Donofrio !

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.  

I agree with Candice A. Donofrio on this... 

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.

I will not speculate as to why agents do this.  It is a violation of my MLS rules. 

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.

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.

Offers have no impact until there is a contract.

Follow the rules of your local MLS.

I can only speak for myself.  What I think is I think they are lazy agent.

our MLS imposes fines for such lack of accurate reporting.

Candice A. Donofrio nailed this one!

If it's only an offer, the listing is still active.

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.  

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.

Makes a lot of people angry ! 

Luke Acree - seriously, they waste everyone's time!

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!!

That is a violation in our MLS

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.

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.

I don't accept any offer unless it is thoroughly vetted. After that, we close

Luke Acree Listings without current status are subject to fines.

It depends on the MLS rules as to when you put it pending. of course that doesn't mean that agents follow the rules.

In our MLS you can have taking back ups.

In Denver, after 72 hours you will see a fine on your monthly bill.

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.

We have Mls rules to follow. I have it as pending

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.

Draw and quarter the SOB!

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.

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.

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. ;)

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.  

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.