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Listing Status Definitions Help Topic 1965ACTIVE Symbol: A, ACT Properties currently subject to a listing contract and reported trending in which the Participant has been directed by the Seller to

How to fill out listing status definitions

How to fill out listing status definitions:

1. Start by understanding the purpose of listing status definitions. These definitions are used to categorize and specify the status of a listing, whether it is active, pending, sold, or expired.
2. Review the available listing status options provided by the platform or system you are using. Common options may include "Active", "Pending", "Sold", "Expired", and "Withdrawn".
3. Determine the specific criteria or conditions that trigger each listing status. For example, a listing may be considered "Active" if it is currently available for sale, while it may be marked as "Pending" if it has an accepted offer but hasn't closed yet.
4. Carefully read and understand any guidelines or instructions provided for filling out the listing status definitions. Different platforms or systems may have slightly different requirements.
5. Assess the status of each listing individually and select the appropriate status option based on its current state. Keep in mind that accurate and up-to-date listing statuses are important for both real estate professionals and potential buyers.
6. Regularly update the listing status as needed. If a listing has sold or expired, make sure to mark it accordingly to maintain accurate information.
7. Double-check your entries before saving or submitting the listing status definitions to ensure accuracy.

Who needs listing status definitions:

1. Real estate agents: Listing status definitions are essential for real estate agents as they help organize and manage their property listings. Clear and accurate status definitions allow agents to track the progress of each listing and provide relevant information to potential buyers.
2. Homebuyers: Homebuyers often rely on listing status definitions to understand the availability and status of properties they are interested in. Accurate status definitions help save time by indicating which properties are actively for sale or pending, and which are no longer available.
3. Real estate platforms or listing portals: Listing status definitions are crucial for real estate platforms and listing portals. These platforms rely on accurate status information to provide users with up-to-date property listings and facilitate smooth transactions between buyers and sellers.

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What is listing status definitions?

Listing status definitions refer to the different categories that a property can fall under, such as active, pending, or sold.

Who is required to file listing status definitions?

Real estate agents and brokers are typically required to file listing status definitions for properties they have listed.

How to fill out listing status definitions?

Listing status definitions are usually filled out through a real estate management system or platform, where agents can update the status of their listings.

What is the purpose of listing status definitions?

The purpose of listing status definitions is to provide accurate and up-to-date information on the status of properties on the market.

What information must be reported on listing status definitions?

Listing status definitions typically include the property address, listing price, status (active, pending, sold), and any relevant details about the property.