Cancel and relist

If you are going to cancel and relist a property, there are a few things to keep in mind:

• Canceling a listing means that the listing agreement you had in place with the seller is null and void. In order to be able to relist that same property as a new listing on the MLS, you need to get a new listing agreement with the seller.
• A property cannot be re-listed unless the previous listing has been cancelled. The original brokerage must cancel its listing before the property can be re-listed with a new brokerage. The original broker is not obligated to cancel the listing if they are not releasing the listing. 
• There is no set period of time you have to wait after the current listing is canceled before you relist the property AS LONG AS you have a new, fully executed listing agreement for the new listing. You could literally relist the property the same day the current listing is canceled IF you have the proper paperwork.
• There is a set period of 90 days that must pass before a cancelled listing can be relisted as Coming Soon by the same agent and brokerage. To do this you must have a new, fully executed listing agreement and Coming Soon Addendum.
• A Withhold from MLS listing must remain in withheld status for a minimum of 30 days. The earliest you can switch a WFMLS listing to Active is on the 31st day. You do not need to cancel the Withhold from MLS listing, you just need to contact SmartMLS for help switching it to active.
• The days on market (DOM) will automatically reset to 0 for the new listing (as it does with all new listings).
• The cumulative days on market (CDOM) will reset to 0 ONLY IF there is a 90+ day gap in between when the most recent listing is canceled and the new one is entered. If there is less than 90 days in between, the CDOM from the previous listing(s) will add on to the new one.
• To expedite the process, you can use the clone feature (at the beginning of the listing input process) to copy over the listing data and photos (provided you are still with the same organization as you were when the property was previously listed).