Backup offer Lending MLS Purchase and sale agreement 
HomeLight
JULY 23, 2021
From the terms for different types of houses to the lingo associated with lending, there’s plenty of terminologies that can feel overwhelming for a buyer to keep up with. One term you’ll likely hear often during the homebuying process is “MLS,” which stands for multiple listing service. Source: (Andrey_Popov / ShutterStock).
RIS Media
MAY 19, 2021
” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” ” What do they mean and how will they affect your home sale? Two important statuses in the MLS are “Contingent” and “Pending.”
HomeLight
JULY 6, 2023
That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS. An offer has been accepted, and the sale is expected to close.
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