What does active I mean in real estate?

Active. This means that a property is currently on the market and available for sale. It may have received offers, but none have yet been accepted, which means that the opportunity is wide open for you to make a proposal.

What does active I mean on MLS?

Most of the properties listed in the multiple listing service (MLS), the database where real estate agents list homes for sale, will have an active status. That’s because an active status means that the home is currently available for sale.

What does a i mean in real estate?

A/I. Attorney Approval/Home Inspection. FIN. Financing. HCnn.

What does active I mean on Flexmls?

Status: Status: Indicates the availability or contract change of subject property. Active: Indicates that the subject property is available for purchase. … Back Up (BU): The Property is under contract. Seller WILL consider and may accept written back up offers.

What does active R mean in real estate?

REGISTERED (R) A valid listing contract exists, and no offer has been accepted. The listing will not be disseminated or displayed to any Cooperating Brokers.

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What does active mean on a Zillow listing?

Active. This means that a property is currently on the market and available for sale. It may have received offers, but none have yet been accepted, which means that the opportunity is wide open for you to make a proposal.

What is active option period?

An active option contract means the seller has accepted an offer on their home and the property is now in the option period. During this time, the buyer has the unrestricted right to terminate the contract for any reason without risking their earnest money deposit.

What is cr in real estate?

14 What is a CR, and why do we need them? CR’s, the short for Conservation Restrictions is an agreement that is held by another party, not related to the owner of an open space land parcel, purchased with funds from the Community Preservation Act.

What does NPO mean in real estate?

Non Profit Organization | NPO | Definition | Real Estate Investing.

What does reactivated mean on Zillow?

Reactivated (RACT*): A listing that was previously showing Contingent, Pending or Temporarily No Showings.

What is active offer?

Active with Offer is when there is an accepted offer, but the seller is seeking backup offers in case the buyer falls through. The seller is still showing the property and taking secondary offers. Offers must be updated within 48 hours of acceptance.

What is the difference between pending and active with offer?

The difference between Active Under Contract and Pending Status in Bright. When a listing is in Active Under Contract, that property is under contract, but is still accepting showings and being actively marketed. … This property is currently under contract and is pending settlement.

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What is pending to active status?

If a property goes from Pending to Active, this means the original contract fell through for some reason (Buyer terminated during Option Period, Buyer couldn’t obtain financing, Contingency fell through, etc.). I’d be happy to check on a specific property you want more information on.

What does active R mean?

A, r (Active, Subject to Statutory Rescission)

The sellers of a condo, townhouse or co-op have accepted an offer which is contingent on the buyers reviewing all association governing documents and financials. After receiving the final document, buyers have 10 days to review them.

What is an active contract?

A: Active with Contract means the buyers has a contract to purchase on the property. The contract has a contigency so the seller can still look and accept other offers.