“PENDING SALE” STATUS CHANGED TO “SOLD” STATUS
– Effective August 1, 2012
When MLXchange was introduced in December 2004, “Pending Sale” status (a firm sale that has not closed) was adopted by RAHB as the new status default. Listings where a firm sale has been accepted are reported as a “Pending Sale” until the closing date at which time the system automatically changes the status to “Sold”.
With the introduction of Fusion and the joint MLS® database for RAHB and Niagara, and in an effort to offer consistent reporting methods for both Associations, “pending sale” status will be removed and all sales will be reported as “sold”.
This change becomes effective August 1, 2012, at which time all firm sales are to be reported as “SO” (SOLD) under the Status field.