COMMENT OF THE DAY RUNNER-UP: WHAT THE HOME LISTING STATUS CODES REALLY MEAN “For those of you that think you know about real estate, but don’t, you will find a breakdown of HAR statuses at the bottom of this post. Pending Continue to Show (PS) means that the seller is still willing to have the house shown. It does not mean that there are necessarily any contingencies, it just means that they *might* still allow showings. They still have the right to decline a showing when an agent tries to schedule an appointment, and many sellers do choose to decline the showing, or at least don’t tend to be as flexible as they may have been before the home was under contract. The reality is that most agents don’t show homes that have a PS status anyway, unless the listing agent makes it a point to specify that the seller is willing to accept back-up offers. Many agents don’t use Pending (P) unless the seller absolutely insists on no further showings.
OP — Option Pending: Listings that are under contract and the seller and buyer have agreed to use the ‘Termination Option’ in paragraph 23 of the standard TREC contract, effective 1/1/03;
PS — Pending Continue to Show: Used for listings currently under contract but are still available to show. Listings having a contract with a contingency and taking back-up offers should be Pending Continue to Show;
P — Pending: Used for listings under contact and are no longer available to show;
S — Sold: Used when a property has funded and closed. All sales closed must be reported to MLS. Listings should not be changed to Sold status before the actual closing.” [HoustonRealtor, commenting on Restocking a Converted Grocery Store in the Houston Heights] Illustration: Lulu