Quote:
Originally Posted by wileynj
I have a question - at what point is a realtor obligated to remove a listing from MLS once an offer is accepted? After attorney review? Reason I ask is, we have an agreement to purchase a home... it's in attorney review...the listing expired the day after we made our offer and now the listing is up again on the MLS? Should I be concern or is this normal????
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Hey! Wiles!!
Our other home in MA, our realtor left "our" house on the MLS until the day of closing!even if our buyers had a P and S signed and was out of atty. review..Doesn't matter in most states I don't think. Just in case the buyer could back out at last minute.. It's not done until the fat lady sings!! unfortunately! The seller's are being protected in case the deal falls through... or under contract but back up offers accepted I think that is how our realtor had written it!
Your realtor should leave your listing on the MLS in case your buyer backs out or i.e. the mortgage falls through! Not to say it will..but you should be protected too!!!! "just sayin!"
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