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Field Name (Standard Name)?: PurchaseContractDate

Definition (May contain rules that must be observed)

With for-sale listings, the date an offer was accepted and the listing was no longer on market. This is the date entered by the agent reflecting when the change occurred contractually, not a timestamp of when the change was made in the MLS. With lease listings this may represent a meeting of the minds to lease, but some contractual requirements are yet to be fulfilled, such as contract signing or receipt of the deposit.

Group?: Property Resource, Listing Group, Dates Group

Simple Data Type?: Date 

Suggested Maximum Length?: 10

Synonym(s)? PendingDate, DatePending, UnderContractDate, ContractDate, LeasePending, PendingLeaseDate, LeaseAgreementDate

Field (Element) Status?: Active

BEDES?:

Certification Level?: Core

RecordID?: 100017

Page Revision Date: May 28 2016 12:00 PM 

Form: PropNoLookupResourceField

4 Comments

  1. Name change from Pending Date to Purchase Contract Date and type change from "DateTime" to "Date" per workgroup decision on 4/20/12
  2. 3/19/15 - Workgroup updated definition and synonyms to better explain lease listings. 7/21/15 - BOD Approved
  3. 10/22/15 - tech sub group, change length from 24 to 10.
  4. 6/21/16 BOD Approval. Set to Active.