Pre-Market Status

Using the Pre-Market Status allows contractual protection between the Listing Broker and the Seller, while allowing the Seller time to prepare their property to be available to the public. It also ensures that if the listing happens to be marketed during this time, other Brokers are made aware - ensuring your compliance with the Clear Cooperation Policy. Remember, the purpose of this rule is, "If the public knows about the listing, the professionals should know about the listing." 

This status can be used when entering the listing, which still must be reported within 2 Business Days of the Listing Contract Date. It should be entered as a complete listing with all required fields and published as Pre-Market. When a listing is entered, an “On Market Date” must be entered. The system will automatically update the listing to an Active status on that date, and Days On Market will begin counting on the On Market Date, rather than the Listing Contract Date. NO SHOWINGS are allowed while in this status. However, Pre-Market listings are ALLOWED FOR MARKETING, and are searchable within the BLC and may be emailed to clients individually. Pre-Market listings CANNOT be included in automated emails.

NOTE: If something contractual happens to delay the on-market expected date the On Market Date can be extended until such time the Sellers are ready to go Active. A listing cannot return to Pre-Market after the initial period.

• Related Articles

• Market Share and Ranking Report

  What is a market share report: This report is used to calculate an agent’s contribution to the market by the transactions they were a part of. The results can be calculated for an individual agent, a team, or an office. (Looking for sales volume? See ...

• How To Search For Pre-Market Listings

  New listings can be added into the BLC service by several different activation status'. If a listing is initially published as a pre-market listing, that listing will not be displayed under a simple Active listing search. A subscriber will need to ...

• How Do I Extend The On-Market Date on A Pre-Market Listing?

  If something contractual happens to delay the on-market anticipated date, the On Market Date can be extended until such time the Sellers are ready to go Active. A listing cannot return to Pre-Market after the initial period. There are multiple ways ...

• Temporarily Off Market Status (TOM)

  Using the Temporarily Off Market status, Temp Off Market status, or TOM status, allows a listing to enter an "on hold" status in the event that the seller needs to stop showings or take the listing off of the market for any foreseen or unforeseen ...

• Listing Status Quick Guide

  The following Statuses are applicable to all eligible listings which are defined as those in which a fully executed listing contract has all signatures obtained including the Managing Broker. Active Pre-Market Office Exclusive Temporarily Off Market ...