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New Construction and Coming Soon
Posted by Chris Peterson on Monday, July 31, 2017 at 3:12 PM
Categories: Information
IMLS Rule: Coming Soon

New Construction and Coming Soon
  • New Construction is the same as any other kind of listing.
  • If there is not a listing agreement between the listing broker and the seller / developer NO MARKETING CAN BE DONE
  • If there IS a listing agreement between the listing broker and the seller / developer and NO MARKETING is happening NO ACTION NEEDS TO OCCUR
  • If there IS a listing agreement between the listing broker and the seller / developer and "Coming Soon" Marketing is occurring the listing MUST be entered into the MLS as "Coming Soon" and a completed MLS Status for MUST be uploaded as an associated document. (see here) Office Exclusive Listing CAN NOT be Coming Soon
  • If the listing is NOT in the MLS and there is a listing agreement and there are brokerage signs up and other forms of marketing, this would be an “Office Exclusive” listing. Fill out the MLS Status Disclosure form, for the subdivision/development, with Office Exclusive checked and submit to the IMLS office.
  • Builders are free to market their properties as they choose.
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