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Temp Off Status

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By Suzanne Foley

MRIS, August 25, 2008-Do you have a listing where the seller does not want the property shown at this time? Temp Off Status may be your answer. When a property is in Temp Off Status, the listing agreement is still in effect and the seller is still planning to sell the property. However, the property can not be shown at this time.Some examples of when the Temp Off Status may be appropriate are; home repairs, illness of owner or family member, or storm damage. Temp Off can also be used when the seller prefers that the property not be shown while they are considering multiple offers on a potential short sale.

Temp Off Status is for short term use. Listings should only be in Temp Off Status for approximately two weeks. While a property is in Temp Off Status, the Days on Market do not accumulate. The MRIS Compliance Department sends Quality Control notices to agents whose listings are in Temp Off status longer than two weeks. If there are extenuating circumstances the Compliance Department can approve an extension of this time limit. Please do not hesitate to contact the Compliance Department at 301-838-7140 or compliance@mris.net with any questions regarding the Temp Off status.

Suzanne Foley is a Compliance Coordinator for MRIS.

To send feedback on this article, e-mail communications@mris.net.

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