Contract Date field


The Contract Date field is manually entered by the list agent when marking a listing Under Contract.  It is only available on the Change to Under Contract form (in Add/Edit).

Contract Date designates when a listing became subject to a fully executed contract of sale/lease between a buyer and seller.

It is not dependent on the satisfaction of any contingencies or conditions of the contract which must be met prior to closing.

If changing a listing from Under Contract-Continue to Show to Under Contract, the Contract Date must be between 2 days prior to the Continue to Show Date and the current date (today).

If going straight from Active to Under Contract, the Contract Date must be within 5 days of the current date (today).

Days on Market (DOM) is calculated based on the number of days between the List Date and the Contract Date.  This is an automatic calculation that is performed once a listing has been marked Closed (it happens during nightly maintenance the evening the listing is closed).


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