Section 5.21: Reporting Non-Listed Sales and Sales After Being Withdrawn or Expired

Posted by PRO Mon, 20 Mar 2006 13:59:00 GMT

It is the selling Participant’s responsibility to complete the appropriate paperwork and enter into the MLS database the sold or closed information for property that is not filed or not current with the MLS under the following circumstances.

  1. A Participant sells a property that was never entered into the MLS database.

    Report the listing type as Statistical Entry Only.

    Note: This is ideal for sales that occurred outside the MLS (FSBOs, new home sales, and foreclosures) .

  2. The listing was withdrawn or deleted and subsequently sells.

  3. A listing expires and subsequently sells.

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