Property not ready to be active? Delayed status is a new opportunity for agents.
On July 19, Delayed status listings (a type of coming soon) may be listed in the MLS for up to 14 days (Rule 1.13). This enhancement is designed to build agent-to-agent buzz while the property is being prepared for showings. Delayed listings are different from pocket listings, which you can read more about here.
Must-know facts about Delayed status listings (Rule 8.25):
- Showings are not allowed, even by the listing agent
- Cooperation/compensation is required
- Available to all MLS subscribers via searches and hot sheets
- Delayed are not syndicated
- Delayed must have a Listing Agreement
- Front exterior photo is not required
- Delayed will automatically be placed in Active status on the 15th day
- Delayed can be manually changed to Active earlier
- Participation is optional, even if you meet the requirements
- A property may only be in Delayed status for 14 of every 30 calendar days
- Days on Market (DOM) does not accumulate. DOM will start the first day the listing is Active
Watch your email on July 19 for detailed instructions on how to use this new status.
To find out about more changes coming down the pipeline, check out the ARMLS Roadmap.