A second violation to the MLS Participant (Broker) or MLS Subscriber (Agent) will result in a $500 fine to each the MLS Subscriber (agent) and the MLS Participant (Broker). Any showings or open houses virtual showings or virtual open houses of properties of properties utilizing the "Coming Soon Status" prior to the listing becoming active will result in an administrative fine of $250 to the MLS Participant (Broker) or MLS Subscriber (Agent) and required to attend the MLS sponsored 2-hour course of instruction on the MLS Rules & Regulations within 90-days of notification by the MLS for the first violation, and for a first violation the MLS Participant (Broker) will be notified of the violation. MLS Participants are permitted to share listings in the “Coming Soon Status” with their clients through the MLS system.į. While the property is in the “Coming Soon Status” the property may not be promoted or advertised in any manner other than as a “Coming Soon” property. Listings utilizing the “Coming Soon Status” are not eligible for showings or open houses. Listings in the “Coming Soon Status” will be included in the MLS Participants (Broker) and MLS Subscribers (Agent) IDX compliant website data feeds. Listings in the “Coming Soon Status” are displayed in the MLS system only and are not eligible for inclusion in MLS’s syndicated data feeds (i.e., third-party websites).
Upon entry of a listing that will utilize the “Coming Soon Status,” the listing broker must submit the listing agreement and the “Coming Soon Status Seller Authorization Addendum” to the MLS within 48 hours.Į. Once a listing has changed from “Coming Soon Status” to “Active Status” it may not revert back to the “Coming Soon Status.” Listings entered in any other status are not eligible to be switched into the “Coming Soon Status.”ĭ.
A listing is only eligible for “Coming Soon Status” when initially input into the MLS database. Alternatively, the listing broker may change the “Coming Soon Status” to “Active Status” at any point prior to the expiration of the twenty-one (21) days, if seller instructs the listing broker that the property is ready for “Active Status” and ready to be shown to prospective buyers and other MLS participants and subscribers.Ĭ. Listings with a “Coming Soon Status” will automatically convert to “Active Status” after twenty-one (21) days. A listing may utilize the "Coming Soon Status" for a limited period of time, not to exceed twenty-one (21) days. If a seller has authorized the listing broker via their listing agreement to advertise the property as a coming soon listing, then the MLS Participant shall enter the listing in the MLS database in accordance with Section1 – Listing Procedures utilizing the “Coming Soon Status" in accordance with these rules and regulations.ī. All listings for properties subject to an Exclusive Right of Sale or Exclusive Brokerage listing agreements must be entered into the Space Coast Association of REALTORS® MLS within five business days as an Active or Coming Soon listing.Ī. Once the property is ready for showings it must be changed to “active” status. During the Coming Soon status the property may ONLY be marketed as “coming soon” during this limited time frame that the seller has requested no showings. The Coming Soon Status allows you to pre-market your listing through the MLS for a limited period of time until it is ready for showings.