The new sales statuses for MLS® listings will now be coming to Paragon, REALTOR.ca, and other platforms on July 24.
These new statuses will help REALTORS®, homebuyers, and sellers get a better sense of how far along a listing is in the transaction lifecycle.
What are the new statuses?
There will be three new statuses:
Active Under Contract – This optional status will be used when a listing has an accepted offer with subjects on it. If your brokerage has permitted use of this status, and you have the Agent Modify ability, you can change to this status on your own.
Pending – Replacing the current “Sold” status, this status will be applied to listings that have an accepted subject-free offer, or once all subjects are removed.
Closed – Listings will automatically move to this status at the end of their completion date.
The “Active Under Contract” status will be available to all members with agent modify ability, but your brokerage may apply rules on whether you can use it, or how you can use it. Please check with your office to see how they intend to use the status.
Please note that association staff will not be updating listings from Active to Active Under Contract.
What to expect
At 8 pm on Tuesday, July 23, Paragon will revert to a read-only state for the system update. You will not be able to enter new listings or make changes to existing listings. We expect the update to finish in the early hours on Wednesday, July 24.
Throughout the day on July 24, saved searches will be automatically updated to include the new statuses. Saved searches for Active listings will include Active Under Contract listings. Saved Sold Searches will now include both Pending and Closed Statuses. If you don't want to include these in your search results, you'll need to adjust your saved searches and remove those you do not wish to see.
Watch for an email next week with full details.