Compliance Corner #9
November 25, 2019
PROPOSED CLOSING DATE
What is a Proposed Closing Date?
The Proposed Closing Date (PCD), which is required on every SHOW and DEPOSIT listing, is your estimate of when you think the listing will close. You will find the PCD field on the Change to Show and Change to Deposit forms on the Add/Edit tab in Matrix. The PCD must always be in the future (up to one year).
Our Matrix system is set up to let you know when you have a SHOW or DEPOSIT listing where the PCD is within 7 days (and requires updating). If you get a red warning in your My Listings widget (on the Matrix homepage) that reads My Deposit Listings with PCDs (within 7 days), it just means that the Proposed Closing Date (PCD) you entered when you marked the listing Show/Deposit is now within 7 days of the current date.
You just need to go to Add/Edit, select the listing and then go to the Change to Deposit (or Change to Show, if the listing is still in the Show status) form and update the PCD.
Send an email to Compliance@SmartMLS.com or call us at 203-750-6000.