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 MLS Search-FAQ 

Property Search - Helpful Tips

MLS STATUS Definitions:

  • 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  • WITHDRAWN ‐ Indicates that the listing agreement has been terminated prior to its listing expiration date.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



 

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Marilee Murphy Associate Broker, CRS, GRI, ABR, e-Pro
REALTOR®
Long & Foster REALTORS®

Long & Foster Real Estate, Inc.

Cell: (703) 217-0697
Fax: (703) 485-4633
Email: Homes@MarileeMurphy.com

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