Common MLS Terms

Not sure what all those terms showing up in your portal actually mean? Here is a quick glossary of common MLS terms. If you have more questions, don’t hesitate to contact us.

MLS GLOSSARY

ACTIVE – for properties that are offered for sale and have no accepted contract on them.

CONTINGENT W/KICKOUT – for properties that have an accepted contract that includes contingencies and includes a kick-out clause.

CONTINGENT NO KICKOUT – for properties that have an accepted contract that includes contingencies but does not include a kick-out clause.

CONTINGENT SHORT SALE – for properties that have a contract accepted by the owner subject to lender approval.

PENDING – for properties with an accepted contract. Properties will remain in this status until they close or until 9 months past the expiration date.

OPTION – for properties with an accepted contract and in the initial inspection period. Properties in this status will move to the Pending status when the inspection contingency expires.

TEMPORARILY OFF MARKET – for properties that have been temporarily removed from Active status and are still listed with intention of returning to Active status in a short period of time.

WITHDRAWN – for properties withdrawn from the system prior to expiration, but still subject to some listing broker rights. Listings will remain in this status until they expire and move to the Expired status.

EXPIRED – for properties for which the listing period has expired.

SOLD – for all properties entered in the MLS that have been sold and closed.

CANCELLED – for properties that have been withdrawn from the MLS and the listing agreement has been terminated. These listings will NOT expire.

COMING SOON – for properties that have a valid listing contract, but the property is not ready for marketing to the public. Properties in this status may not be shown.