MLS Status Progression Overview

Summary

This knowledge session provided an overview of the standard MLS status progression for both sale and rental properties. Key stages and requirements for each status were clarified, including when showings are permitted and which documentation is needed.
The process covers all main statuses from "Coming Soon" through "Closed" for sales, and outlines the typical flow for rentals.
No immediate action items or decisions were made; this was an informational update.

(No action items were mentioned in this session.)

The progression begins with "Coming Soon" status, used for premarketing; the listing must include price, description, and at least a front picture.
"Coming Soon" listings are fully completed in practice, but showings are not allowed per MLS rules.
Status moves to "Active" when the home is ready for showings and active marketing.
"Active Under Contract" indicates that the home has accepted an offer with contingencies (inspection, appraisal, financing), though technically showings are allowed, in practice agents rarely show at this stage.
"Pending" status is set once contingencies are cleared (typically after inspection and appraisal); buyer's agent is announced in MLS.
The final status is "Closed," marking the property settlement and transfer of ownership.

Rental progression follows a similar pattern: starts with "Coming Soon" and "Active" statuses.
When processing a rental application, the status usually remains "Active" until landlord approval and lease signing.
Status is then changed to "Pending" upon signed lease; "Active Under Contract" is rarely used for rentals.
Once the tenant moves in, the listing is marked as "Rented."
There are exceptions based on circumstances, but this covers the general approach.