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MARIS

March 30, 2020

Revised Coming Soon Status in Response to Covid-19

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Author: Tim Dain

If you’ve been following the MARIS blog or social media, you’ve likely reviewed our planned implementation of changes to support the new Clear Cooperation Policy from NAR.

The implementation plan is scheduled for release on 4/28/20. Considering the changes to business caused by the Coronavirus, MARIS has decided to activate a small portion of the plan immediately. The revised Coming Soon status is expected to be available to MARIS members by the end of business on Wednesday 4/1 and can be used on listings new to the market going forward. We hope this change provides our members and their clients an additional way to share with other real estate professionals without accumulating Days On Market for those tentative to committing fully to marketing their home during these challenging times. *

*Please Note: Your brokerage may advertise and distribute listings in the Coming Soon status. These listings will be available to all MARIS members and via MLS client portals.

PLEASE NOTE:The widest possible distribution of a listing to potential buyers will continue to be via the ACTIVE status.

We’re delaying some of the custom programming for our planned coming soon in order to more quickly deliver this status to market. The changes that had to be made include:

  1. Time in Status is temporarily extended to 60 days.
  2. The required fields match the fields that are required for an active listing.
  3. The new “Expected Active Date” will not be available until 4/28/20.
  4. The new “Optional Showings = Yes/No” field will not be available until 4/28/20. Brokers will need to manage these from a manual perspective.
     

     

Additional Listing Options
The uncertainty surrounding Coronavirus may have sellers and prospective sellers wondering how to proceed. Here are 5 options (including Coming Soon) to consider based on your seller’s current situation:

Coming Soon (CS):Properties that are being marketed to all licensed professionals with MARIS systems and on any medium controlled by the broker or agent. These listings will not incur Days on Market while in this status.

*Note: you can adjust showing requirements based on brokerage and client current needs and concerns.

Active (A): Properties that are still being marketed and widely distributed to broker and consumer websites in addition to MARIS systems and any medium controlled by the broker or agent. Days on Market will continue to accumulate.

*Note: you can adjust showing requirements based on brokerage and client current needs and concerns.

Hold (H): Properties that are not being marketed for a period of time but are still subject to a brokerage agreement.

*Note: The home will be temporarily off-market and the Days on Market will pause and not continue to accumulate in this status. The listing will not appear on consumer websites and showings are not allowed in this status. You can change back to Active at any time if you do decide to accept a showing.

Withdrawn (W): Properties withdrawn from the system prior to expiration, but still subject to some listing broker rights. Listings will remain in this status until they move to the expired status.

Cancelled (C): Properties that have been withdrawn from the MLS and the listing agreement has been terminated. These listings will not expire.

*Note: Agent and client work together to pick the appropriate status (Withdrawn or Canceled). The Days on Market will stop accumulating. If you decide to relist, remember that the Days on Market calculations resent in 61 days. These listings will not appear on consumer or brokerage websites, or other marketing mediums.