MLS Compliance

TABLE OF CONTENTS

Coming Soon Status

A Coming Soon status is a temporary status and is limited to 5 Calendar days.
  • An executed MLS listing agreement must be on file.
  • Seller requests and authorizes Broker to utilize the “Coming Soon” status in the MLS system while the Property is being prepared for sale and marketing.
  • The Property will be entered into the MLS in Coming Soon status and in accordance with the MLS rules.
  • If seller elects not to sign the Coming Soon addendum, then no Coming Soon sign, rider or advertising on the property, representing Coming Soon, or any variation thereof, can take place until the home is Active in the Multiple Listing Service.
  • The “Coming Soon” status is a temporary status and requires an “Expected Marketing Date”.

    If after 5 Calendar days a listing in “Coming Soon” status has not been changed to an Active status, the listing will automatically change to an Active status on the 6th day.

  • The “Expected Marketing Date” of a listing in Coming Soon status will be published on all subscriber and agent displays of MLS data by MLS (e.g., listing reports, valleymls.com, etc.).
  • If the property is ready and available prior to the Expected Marketing Date, the status of the listing can be updated to “Active” in the MLS.
  • Coming Soon listings do not calculate Days on Market (DOM) while in this status, however, once the status is active DOM count will begin to accumulate.
  • The Coming Soon listing must contain a minimum of one CURRENT front exterior photo or rendering, aerial photo, or water view of the property.

    Front exterior photos must show a majority of the total home/building and the broker’s yard signage may not be visible in the photo/image.

A listing broker may not re-list a property in COMING SOON status unless:

  • The listing has been in EXPIRED or CANCELLED status for over 60 days, or
  • The property is listed with a new brokerage firm, or
  • The property has been sold/closed or rented
  • Listings may not be transferred from any other status to COMING SOON.


MARKETING:
Coming Soon listings can be promoted (as coming soon) on MLS Public Website only. Agents may also display a yard sign and may advertise coming soon listings on social media once the property is listed in the MLS. Coming soon listings will be excluded from distribution to third-party sites.

SHOWINGS: No showings are allowed during the time the property is listed in Coming Soon Status. A penalty will be assessed to the Listing and Buyers Agent for any showings that occur during the time in this status.

DOCUMENTATION: The COMING SOON ADDENDUM MUST be attached to the listing (or otherwise provided to ValleyMLS.com) within 3 working days of a entering the property into the MLS.

Temporarily Off Market (TOM)

A current listing contract exists between a property owner and a broker. This status is to be used when the property cannot be shown. Property can remain in this status for up to 30 days maximum. TOM will not appear on the Hot sheet.       

NOTE:  If the listing remains in this status for the full 30 days allowable, the system will maintain the listing to Active automatically. Re-entering TOM after using this status for 30 days would result in a violation.                                   

MARKETING: Temporary Off Market suspends the marketing of the property. The marketing prohibition applies to ALL promotion of the property during the period in TOM status. If a property continues to be advertised, the TOM status may not be applied to the listing.       

NOTE: This includes removing the For Sale sign.  

SHOWINGS: No showings are allowed while in TOM status. If a showing is scheduled, the TOM status may not be applied to the listing.

DOCUMENTATION: The SELLER is the only individual that can initiate a listing being classified as TOM. As such, any TOM listing will require certification, signed by the seller, indicating their initiation of the TOM status which must accompany any TOM listing in the MLS. 

Please be sure to use the most up-to-date version of the listing change notice and attach it to the listing as an associated document.

Compliance