Article 5.14: Active with Contract
Article 5 - Listing Procedures
Section 14: Active with Contract. Listings may be placed in “Active with Contract” status if one or more of the contingencies below are met.
1. Definition: Active with Contract means there is a contract on the property with a contingency; however, the MLS Participating Office will continue to market the property. If the Seller specifically requests in writing that the property on which there is a contract stay "active" in the MLS database, the listing will be changed to the AWC status. An Active with Contract listing will be treated as an "Active" listing for export purposes, for example, Realtor.com and IDX websites.
a. Note: MLS Staff may request paperwork to verify the Seller’s request.
2. At least one contingency must be indicated when this status is chosen, and when the contingency is satisfied, the status must be changed to Pending Sale within two business days. One or more of the following contingencies must be selected:
i. Kick-out Clause
ii. Back-ups Requested
iii. 1st Right of Refusal
iv. Pending 3rd Party Approval
v. Financing
vi. Inspections
vii. Other Contract Contingencies
3. The words “Active with Contract” must appear in the first line of Public Remarks. If the listing is a Short Sale and is in Active with Contract Status, Public remarks must begin with both disclosures in any order.
