Property Search - Helpful Tips

• ACTIVE ‐ Indicates that the property is available for showing with no contingencies,
  contract or rental application registered against it.
• CNTG/KO ‐ (Contingent with Kick Out) ‐ Indicates that the property is available but has a contract with at least one pending contingency that includes a kick out clause. (Typically see this status with "Home Sale Contingency" where the buyer must first sell a home before purchasing their next home. Also see this status with "Short Sales".)
  
• CNTG/NO KO ‐ (Contingent with No Kick Out) ‐ Indicates that the property is available but has a contract with at least one pending contingency and the pending contingencies do not contain kick out clauses.
• APP REG ‐ (Application registered) ‐ Indicates that the property is available but a rental application has been registered on it.
• CONTRACT ‐ Indicates that the property has a ratified contract with no pending
  contingencies.
• SOLD ‐ Indicates that the property is sold and settled.
• RENTED ‐ Indicates that the listing has been rented.
• TEMPORARY OFF ‐ Indicates that the property is not available for showing. This status is for short term use, 14 days or less, and must have seller approval.
• EXPIRED ‐ Indicates that the listing agreement has expired.
• WITHDRAWN ‐ Indicates that the listing agreement has been terminated prior to its listing expiration date.

MLS TRANSACTION TYPES:

• STANDARD SALE refers to a property which is available for sale without third-party involvement or approval.
• POTENTIAL SHORT SALE refers to a property that is underwater and the sale is subject to bank approval. 
  
• FORECLOSURE refers to a property that is currently in foreclosure proceedings. Until the foreclosure proceedings are finalized, the seller still owns the property.
• REO (Real Estate Owned) properties are bank, lender or HUD owned.

Per MRIS 11/14/12