Contingent (or CTG): Effectively the same as UAG or Under Agreement, Contingent means that there is an accepted, signed offer. It is a legally binding agreement, but sometimes the sellers will take “backup offers” just in case something happens and the property goes back on the active market.
What does CTG financing mean?
What does BOM pending release mean?
back on the market
BOM stands for “back on the market” in real estate, and is a common abbreviation used by real estate agents. As the name suggests, a listing that is back on the market simply means that it is available again after a prior offer or contract fell through.
What does reactivated mean in real estate?
A Transaction will have a Closed status after it has been marked as Closed by an Admin/Broker. One reason you may need to reactivate a Closed file is to update information within the file, such as the sale price or closing date; that information can’t be changed once the file is closed.
What does act mean in real estate?
ACT “Active” listing. Keep in mind the seller may have an offer on the home but until the last initial goes on and the offer becomes a contract, the listing agent won’t change the status to A/O or PND. A/O “Active Option” means there is a contract on the home and they are in the option period.
What does DECR mean in real estate?
Daily Equipment Condition Report (UPS) Note: We have 4 other definitions for DECR in our Acronym Attic. DECOMP. DEcon. DECON-I.
What does Cancelled listing mean?
A canceled listing is one in which the seller and agent or broker agree to terminate the listing. Since the listing has ended, other agents are free to contact you.
Does no longer on the market mean sold?
When you see a property listed on an MLS with the phrase “no longer on the market,” take it to mean that the opportunity is still there! In most cases, sellers will use “no longer on the market” to indicate that they are listing it off the market.
What is a pending release?
2. Pending: Release/Continue to Show. This means that even though the contingencies have been removed and the house is technically pending in escrow, the seller is still allowed to show their home and accept more offers.
What does back on market pending release mean?
This status means that while the release clause of the contract is in effect the property will continue to be shown and backup offers accepted. Sale is still pending but buyers have removed all contingencies and the property can not longer been shown and backup offers are not accepted.
What does ctgo stand for in real estate?
CTGO– Other miscellaneous contingency. Technically, a CTGlisting is still on the market and can be shown if the seller desires. EXP– Expired; off the market.
What does it mean when a property has a CTG on it?
Properties marked BOM have come back on the market after the active marketing has been suspended by being UAG, WDN, CAN, or EXP. Sometimes, I see this marked as RAC, which means reactivated. Properties that have CTG have an Offer accepted, but there are still contingencies.
What does CTG stand for in Business category?
Backed by 36 years’ experience, CTG provides IT application management, consulting, software development and integration, and staffing solutions to help Global 2000 clients focus on their core businesses and use IT as a competitive advantage to excel in their markets.
What does PCG stand for in real estate?
Here is the way it is supposed to work: ACT means active. NEW means just listed. (These include properties that were listed before under a different MLS number.) PCG means price change. Properties marked BOM have come back on the market after the active marketing has been suspended by being UAG, WDN, CAN, or EXP.
