REALTOR.ca will have a new “Active Under Contract” status starting on January 14, mirroring the “Active Under Contract” status implemented on Paragon last year.

The “Pending” status will be coming later this year.

Active Under Contract is an optional status you can use when a listing has an accepted offer with unremoved subjects or conditions on it.

If your brokerage has permitted use of this status, and you have the Agent Modify ability, you can change to this status on your own directly in Paragon.

If you’d like to use Active Under Contract, talk to your managing broker.

Note – you’ll also need the seller’s permission to use this status. This can be added to the schedule A.

The new statuses are intended to help Realtors and home buyers and sellers get a better sense of how far along a listing is in the lifecycle of a transaction.

This change also brings us in line with the Real Estate Standards Organization’s (RESO) Data Dictionary. The RESO Data Dictionary is the real estate industry's universal language for data. It allows a wide range of systems to talk to each other in a seamless manner.

This is a North American initiative which will allow us to create a universal web API to engage with new technology partners, ensure everyone understands the terms we use on the MLS® and build a solid foundation for future growth and changes. Many international markets are also looking to adopt RESO, potentially making adoption more powerful in the future.

One specific example of how the new statuses will be used in the future will be a provincial showing and messaging initiative, allowing you to better work with REALTORS® outside the GVR area and provide transparency on the stage of a listing within the transaction to agents all across BC.

• Read our sales structure FAQ
• Sales status search guide for Paragon