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NTREIS MLS Statuses and Codes
 
NTREIS (North Texas Real Estate Information System) MLS STATUSES Rules and Regulations
 
Most MLS rules require that participants accurately report the status of listings and promptly report changes in that status. All status changes must be made in NTREIS MLS within three days. Following is a list of NTREIS (North Texas Real Estate Information System) MLS status codes and their Explanations.
 
"Active" – ACT- Property is available for sale.
 
"Active Option" – OPTION - Property is available for showings and back-up contracts. Property is under contract with an option. Once the option expires, the status must be changed.
 
"Active Contingent" – CONT- Property is available for showings and back-up contracts. Property is under contract with a contingency. Contingencies are not limited to Sale of Other Property, they can be almost anything. Typical contingencies include, sale of other property, lender approval required (as in a short sale), financing and inspections. It is appropriate to use this status until all contingencies have been met. This could potentially go right up until closing in the case of financing.
 
"Active Kick Out" - KO - Property is available for showings and back-up contracts. Property is under contract with a ... more

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