What is an Incomplete listing status? Simply put, this is a draft that is not yet visible to all REcolorado subscribers in Matrix. Incomplete is…
MLS Policy
Withdrawn and Expired Listings
Withdrawn and Expired status often get confused or mistaken as the same so let’s talk about the differences between the two statuses. Withdrawn status indicates…
Closed and Leased Listing Status
So the closing happened, what are the next steps in Matrix for the listing status? Once the property has gone through a closing and the…
Active Listing Status
Active status indicates the listing is active in the MLS, available for showings, Days in MLS begin to accrue, and marketing is allowed. The Active…
Pending Listing Status
The sellers have accepted an offer! What status does the listing go to now? The listing will move to Pending, also referred to as Under…
Coming Soon Listing Status
Soon to be on the market with an executed listing agreement, the Coming Soon status allows listing visibility in Matrix to all REcolorado subscribers for…
Saying “Yes” to Status Changes in Three Days Makes the Market Work
Key takeaways: • Brokers have three days to update their listing when it moves from one status to another, including Active to Pending and Pending…
What You Need to Know About Written Touring Agreements
The NAR settlement stipulates that a written agreement needs to be in place between an MLS subscriber and a buyer before they tour any property,…
REcolorado MLS Policy Updates
REcolorado’s Board of Directors approved changes to the MLS Policy to align with terms of the NAR Settlement. Here’s what you need to know. Compensation…
Navigating Compensation Changes in Real Estate
The real estate industry is changing. Regardless of whether you are a REALTOR or not, whether you participate in REcolorado or another MLS, the legal…
The Security of Your Data
As a real estate professional, your data is among your greatest assets, so it’s natural to have questions about how it’ll be protected, especially with…
REcolorado MLS Policy Committee
REcolorado subscribers help shape MLS Policy through the representatives on our MLS Policy Committee. Both brokers and appraisers are represented by associations throughout the state….
Key Resources
- NAR Settlement Resources
- MLS Policy Essentials Guide
- ABCs of Matrix Statuses
- Bathroom Guide
- Closing Checklist
- Course Catalog
- Dictionary of Property Types
- Energy and Green Features Addendum
- Energy Definitions and Suggested Documentation
- Listing Input Forms
- Matrix Listing Icons
- Office and Associate Forms
- Square Footage Companion
- Subtype and Structure Type Guide
- Transfer Listings
Hot Topics
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Important REcolorado Update
In July, information about the sale of REcolorado was made available, which created many questions.…
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FAQs: New Ownership and Your MLS Partner
News about the sale of REcolorado has been a hot topic. As your MLS partner,…
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MLS Policy Guide
Use this guide to familiarize yourself with major MLS policies, learn their importance, and understand…
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