The Proposed Closing Date (PCD) is required on every Under Contract- Continue to Show (UC-CTS) and Under Contract (UC) listing. It is your estimate of when you think the listing will close. It is not a date that SmartMLS will hold you to, nor do you have to wait until the PCD has arrived to actually mark the listing Closed. In most instances, the PCD will (and should) be further into the future than the actual Closed Date. The PCD must always be a date in the future; you can enter a PCD of up to one year in the future.
Even though the PCD is just an educated guess, accurate PCDs help MLS staff catch sales that may have otherwise fallen through the cracks.
When closings are not correctly reported, agents are unable to provide accurate information to their clients. This makes it more difficult for agents to be able to recommend a fair and competitive list price to their seller clients. This also means that appraisers are not able to provide reliable information to mortgage brokers and lending institutions.
PCD is even required on Short Sale and New Construction/To Be Built listings. In these scenarios, please update it on a monthly basis as needed.
Reminder: the Proposed Closing Date must always be in the future. Please do not enter an arbitrary date just to get past the field. Your PCD should be an educated guess.
If you have to adjust the Proposed Closing Date (PCD) on a UC-CTS or UC listing, go to the Add/Edit menu and click Change Sales Data:
Enter the desired MLS number and click Submit (or use the link to locate the correct listing):
You will then see the following screen:
To change your PCD, you can either click in the field, backspace through the current PCD and enter the new one, or use the calendar to select the new PCD.
Click Save when you're done.
You can also use this form to make any necessary changes to the Sales Agent, Sales Office or Sales Team.
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