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Breaking News: Name changes in the Status of a Listing...

By
Real Estate Agent with Berkshire Hathaway HomeServices California Properties 01238708

Breaking News: Name changes in the Status of a Listing in the greater Los Angeles area….

 

 

The Public will discover that there are a few name changes that they have not seen before. These changes will be noticed, when they are viewing the Status of a Listing in the Greater Los Angeles area.

 

 

Beginning June 1, 2016, per the CARETS MLS Rules & Regulations, the status label: "Looking for Back-Up Offers" will be changed to "Active Under Contract".

In the MLS system, the changes will include:
On the 1-line Reports, "B" will be replaced with "U".
On the detail reports and listing search, "Backup" will be replaced with "Active-Contract".
On the Listing Input Forms and Listing History Reports, "Looking for Backup or Backup Offer" will be replaced with "Active Under Contract".

Nothing major just there will be questions until everyone get used to the new terminology!

If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at  http://www.endrebarath.com.  I am a Pet Friendly Realtor and I contribute a portion of my commission to local animal rescue organizations

 

Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kathleen Daniels  you do not know how many times I had to explain what "backup status" meant:))Endre

May 28, 2016 10:04 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Tammy Lankford,  that is interesting about "still showing"

May 28, 2016 10:05 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff Dowler CRS  how interesting that we are less than 1.5 hrs from each other and the language is different, Endre

May 28, 2016 10:06 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Ryan Huggins - Thousand Oaks, CA   you are on to something, Endre

May 28, 2016 10:07 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Thanks for the heads up! You're always on top of the news that's important to know for CA!

May 28, 2016 12:12 PM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Endre

Have to ask the question  . . . . Was it change that was need? Or is it change fof the purpose of change.

Good luck and success.

Lou Ludwig

May 28, 2016 01:25 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Ron and Alexandra Seigel  very funny, yes I have fallen for that trap many years ago too:))Endre

May 28, 2016 02:48 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Dick Greenberg  that is actually very good if it will cause havoc:)Endre

May 28, 2016 02:49 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Mark Don McInnes, Sandpoint  you know me better than that:) yes I will be publishing my two cents...Endre

May 28, 2016 02:50 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Evelyn Johnston  now you sound like an attorney "splitting the definitions":)LOL Endre

May 28, 2016 02:51 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Patricia Feager  you are so kind, thank you, Endre

May 28, 2016 02:51 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Lou Ludwig  excellent Question and knowing the people on the committee I suspect it was a combination of both:))Endre

May 28, 2016 02:53 PM
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Homes

We have "Active with Contract" in our MLS System too. 

May 28, 2016 03:20 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Endre. I wonder if other MLS services will follow and do the same thing? It will be curious if these changes make any difference.

May 28, 2016 08:04 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Endre.  This category is a confusing one for the public facing listing reports.  

May 28, 2016 08:26 PM
Roy Kelley
Retired - Gaithersburg, MD

This is very good information to share. Have a great day and an outstanding week.

May 28, 2016 08:50 PM
Roy Kelley
Retired - Gaithersburg, MD

My reblogs and my blog for this morning were not posted at the scheduled times. If you have scheduled blogs or reblogs, you might need to manually post them.

May 28, 2016 08:50 PM
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Nevertheless, Endre Barath, Jr. when a home is AUC so few agents will waste a moment for a sdecond look which is too bad, since so many contract do fall out.

I jsut had one fall out of AWC and during the AWC period, did not receive a single inquiry.

May 29, 2016 12:05 AM
John Pusa
Glendale, CA

Endre Barath, Jr.   Thanks for the reminder. Earlier this week during a meeting, I received similar updates. 

May 29, 2016 02:48 AM
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Endre

I will top this. They just announced we will be changing our MLS from BAREIS to CA Regional MLS. This will cause a bit of headaches for many. cheers cvc

May 29, 2016 02:54 AM