January 23, 2014
Q: What is an Open Listing?
A: “In the San Francisco Bay Area, off-MLS transactions rose from 15 percent of total sales in 2012 to 26 percent in the first quarter of 2013.” (Realtor Magazine, National Association of Realtors, November/December 2013)
March 8, 2013
Q. What is the difference between “Pending” and “Looking for Backup” on the MLS?
A. “Pending” and “Looking for Backup” both mean a property is in escrow. With “Looking for Backup,” the seller would agree to a backup offer. If the current deal in escrow falls through,...