Must-know facts about Coming Soon status listings:
· Showings are allowed
· A property may only be in Coming Soon status for 30 days (before only 14 days)
· The Listing/Co-Listing Agent can change the price and On-Market date
· Available to all MLS subscribers via searches and hot sheets
· Coming Soon listings are not syndicated
· Coming Soon listings must have a Listing Agreement
· Cooperation/compensation is required
· Front exterior photo is not required
· Coming Soon listings will automatically be placed in Active status on the 31st day
· Coming Soon listings can be manually changed to Active earlier
· A property may only be in Coming Soon status for 30 of every 45 calendar days
· Days on Market (DOM) does not accumulate. DOM will start the first day the listing is Active.
BONUS: Coming soon status satisfies the clear cooperation submission requirement
ARMLS Link: https://armls.com/introducing-delayed-status