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Backup Offers Only

As stated in Realcomp’s MLS Rules & Regulations, if a listing is under contract, and continues to be marketed for the purpose of gathering “Backup Offers Only” this information must be communicated to showing agents.

What is a backup offer? A backup offer is when a home seller has accepted an offer from a buyer, however it is determined it may be in the seller’s best interest to accept additional offers from other interested buyers. Backup offers are generally accepted if there is concern the current offer may fall through.

ShowingTime and Backup Offers -- “Backup offers only” is a setting in ShowingTime. This information can be communicated to buyers’ agents automatically and electronically through the ShowingTime software.

While in the ShowingTime Listing Setup, be sure to select “Pending, Show for Backup Contract” to notify sellers.

Realcomp’s MLS Rules and Regulations address this subject as follows: “Listing brokers, in response to inquiries from buyers or cooperating brokers, shall, with the seller’s approval, disclose the existence of offers on the property. Where disclosure is authorized, the listing broker shall also disclose, if asked, whether offers were obtained by the listing licensee, by another licensee in the listing firm, or by a cooperating broker.” (Amended 11/2008) Section 2.1.


Last Modified: Monday, September 10, 2018
September 2018

September-2018

Homesnap Launches in the Realcomp Market Today!

Homesnap Launches in the Realcomp Market Today!

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LionDesk is Now Available for Realcomp REALTORS®!

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"Accompanied Showings," a recently released feature in Realcomp’s ShowingTime TM application, was designed for listing agents who prefer to accompany buyer's agents when showing their listings.

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Please help us in welcoming the following NEW offices to Realcomp:

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Backup Offers Only

As stated in Realcomp’s MLS Rules & Regulations, if a listing is under contract, and continues to be marketed for the purpose of gathering “Backup Offers Only” this information must be communicated to showing agents...

Recent Remine Updates that You’re Going to Love!

Realcomp is happy to announce the availability of deep links for Remine property data which have been added to RCO3®. The availability of these Remine links allow you to access Remine Public Records directly from listings in RCO3® without needing to login to Remine separately. This gives you easy access to the most up-to-date public record information available for properties, something we know is important to you!

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RealcompMLS Mobile App Scheduled for Update in September

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