There are two statuses in Bright that seem similar, but have different meanings: Active Under Contract and Pending. While both of these statuses are used when a contract is in place, there are a few differences you’ll need to know about.
The difference between Active Under Contract and Pending Status in Bright
When a listing is in Active Under Contract, that property is under contract, but is still accepting showings and being actively marketed. Days on Market (DOM) and Cumulative Days on market (CDOM) will continue to accumulate when a listing is in Active Under Contract status.
Bright’s Pending status reflects a listing that is no longer accepting showings or being actively marketed. This property is currently under contract and is pending settlement. Days on Market DOM and CDOM do not accumulate when a listing is Pending in Bright.
Please note: In MRIS, Active Under Contract was previously known as Contingent with a Kick-Out (CNTG/KO) or Contingent with No Kick-Out (CNTG/No KO). To learn more about the differences between all of the statuses in MRIS and Bright, click here. In TREND, Active Under Contract was known as Active-A, E, F, O. To learn more about the differences between all of the statuses in TREND and Bright, click here.
Click below to download a print-ready copy of the Bright MLS Status Cheat Sheet:
Courtesy of Bright MLS