Luke Acree, Making Agents Memorable (ReminderMedia)

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Rainmaker
947,191
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

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.

Aug 09, 2017 10:53 AM
Rainmaker
871,168
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

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

Aug 09, 2017 10:27 AM
Ambassador
3,406,947
Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

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).

Aug 09, 2017 10:25 AM
Ambassador
4,747,580
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

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

Aug 09, 2017 12:12 PM
Rainmaker
544,792
John Mosier
Realty ONE Group Mountain Desert - Prescott, AZ
Prescott's Patriot Agent 928 533-8142

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.

Aug 09, 2017 10:58 AM
Rainer
320,229
Melissa Jackson REALTOR
Trinity Premier Properties - Azle, TX
Helping You Make The Right Move

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

Aug 09, 2017 08:23 PM
Ambassador
5,763,174
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

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

Aug 09, 2017 08:15 PM
Rainmaker
5,768,176
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I agree with Candice A. Donofrio 

Aug 09, 2017 04:38 PM
Rainmaker
5,580,934
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

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

Aug 09, 2017 02:45 PM
Rainmaker
596,490
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

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.

Aug 09, 2017 02:31 PM
Rainmaker
1,768,106
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

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?

Aug 09, 2017 12:32 PM
Rainmaker
808,903
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

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

Aug 09, 2017 10:16 AM
Ambassador
2,609,568
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     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.  

Aug 09, 2017 10:15 AM
Rainmaker
2,310,414
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

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.

Aug 09, 2017 10:11 AM
Rainmaker
4,270,299
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

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.  

Aug 09, 2017 09:52 PM
Ambassador
3,987,010
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

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.

Aug 09, 2017 07:32 PM
Rainmaker
4,400,142
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Same with us Candice A. Donofrio !

Aug 09, 2017 07:28 PM
Rainmaker
397,256
Jill Murty, Realtor - Orange County, CA
Movoto - Laguna Niguel, CA

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.  

Aug 09, 2017 07:20 PM
Rainmaker
1,740,083
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

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

Aug 09, 2017 04:59 PM
Rainmaker
711,673
Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

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.

Aug 09, 2017 02:17 PM
Ambassador
3,162,790
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

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

Aug 09, 2017 02:10 PM
Rainmaker
508,854
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

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.

Aug 09, 2017 12:20 PM
Rainer
251,957
Byron K . Jones
Coatesville, PA
List Today - Sold Tomorrow!

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.

Aug 09, 2017 11:24 AM
Rainmaker
7,052,123
Roy Kelley
Retired - Gaithersburg, MD

Offers have no impact until there is a contract.

Follow the rules of your local MLS.

Aug 09, 2017 11:15 AM
Rainmaker
4,362,208
Richard Weeks
Dallas, TX
REALTOR®, Broker

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

Aug 09, 2017 10:53 AM
Rainmaker
577,737
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

our MLS imposes fines for such lack of accurate reporting.

Aug 09, 2017 10:53 AM
Rainmaker
3,071,034
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Candice A. Donofrio nailed this one!

Aug 10, 2017 05:32 AM
Rainmaker
4,799,732
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

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

Aug 10, 2017 05:12 AM
Rainmaker
791,103
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

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.  

Aug 10, 2017 05:06 AM
Rainmaker
846,375
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

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.

Aug 10, 2017 04:57 AM
Rainmaker
2,054,999
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Makes a lot of people angry ! 

Aug 10, 2017 04:23 AM
Ambassador
4,316,415
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

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

Aug 09, 2017 10:16 PM
Ambassador
4,569,723
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

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!!

Aug 09, 2017 09:05 PM
Rainmaker
3,986,000
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

That is a violation in our MLS

Aug 09, 2017 08:57 PM
Rainmaker
1,185,039
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

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.

Aug 09, 2017 04:37 PM
Rainmaker
610,260
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

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.

Aug 09, 2017 03:41 PM
Rainmaker
2,692,834
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

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

Aug 09, 2017 02:20 PM
Rainmaker
1,466,027
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Luke Acree Listings without current status are subject to fines.

Aug 09, 2017 01:54 PM
Rainmaker
1,708,245
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

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

Aug 09, 2017 01:39 PM
Rainmaker
4,346,981
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

In our MLS you can have taking back ups.

Aug 14, 2017 09:01 AM
Rainmaker
5,338,260
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

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

Aug 12, 2017 09:09 PM
Rainmaker
1,525,405
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

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.

Aug 11, 2017 08:46 PM
Rainmaker
4,433,809
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

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

Aug 11, 2017 02:25 AM
Rainmaker
444,070
Dianne Goode
Raleigh Cary Realty - Raleigh, NC
Realtor/Broker

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.

Aug 10, 2017 07:58 PM
Rainer
86,514
Mike Kelly,CRS,CIPS
The MJKelly Team - Santa Rosa, CA
"One of Sonoma County's Natural Resources"

Draw and quarter the SOB!

Aug 10, 2017 07:15 PM
Rainmaker
1,673,215
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

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.

Aug 10, 2017 11:21 AM
Rainmaker
1,431,851
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

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.

Aug 10, 2017 08:50 AM
Rainmaker
598,824
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

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. ;)

Aug 10, 2017 06:56 AM
Rainmaker
577,339
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

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.  

Aug 10, 2017 06:38 AM
Rainmaker
4,505,576
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

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.

Aug 10, 2017 04:05 AM