How long do I have until I need to place a listing into option pending upon receipt of a executed contract
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REALTORS®
REALTORS®
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Realtor Only
10 answer(s)
About 3 years ago
You have three days to post an option pending on a MLS listing.
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DislikeAbout 3 years ago
3 days. The sooner the better, that would also help the other realtors to know you already accepted an offer and they won’t waste their time showing it.
About 3 years ago
You start counting the 3 days beginning the day after the executed date on the contract. Every day is counted regardless if it is a holiday or weekend. It MUST be dropped to the seller or the Listing Agent by the 3 day. There is a page with the 1-4 family document for the Listing Agent or the Sellers to sign and date receipt of the option check being delivered. It is NOT to be dropped at the Title Company.
About 3 years ago
3 calendar days. I'd advise you change the status to option pending as soon as the contract is executed to avoid forgetting.
About 3 years ago
Per the rules 3 days. Hope this was helpful and best wishes on your listing.
About 3 years ago
3 Days. The quicker the better. The buyers will check hourly out of pure excitement
About 3 years ago
3 days. (Rule 2.5 Reporting Sales to MLS: Sales pending (including Option Pending and
Pending Continue to Show) shall be loaded with the MLS within three (3) days...)
Pending Continue to Show) shall be loaded with the MLS within three (3) days...)
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
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