Bob Richards, Realtor with Berkshire Hathaway in St George, Utah shares some of the new real estate policies regarding Coming Soon listings:
Key features of the new Coming Soon status include: • Listings ARE entered into the MLS • Listings ARE visible to MLS subscribers • Public marketing and syndication ARE permitted • Showings, open houses, and broker tours are NOT permitted • Offers MAY be received and negotiated • DOM does NOT accrue while in Coming Soon status • Listings may remain in Coming Soon status for a maximum of twenty-one (21) calendar days • Listings will automatically convert to Active status on the 22nd calendar day • Extensions of Coming Soon status are NOT permitted • Listings may NOT be cancelled and re-entered to reset the Coming Soon period Additionally, listings in Coming Soon status will not require photographs until the listing becomes Active. Once active, a minimum of THREE (3) photos is required. This new status is designed to provide greater flexibility for sellers and brokers while maintaining transparency, cooperation, and fairness within the MLS marketplace.