Here are some common real estate terms used in Utah with their definitions.
 
Active:

Fully Active listings. 

Closed:

The Real Estate Purchase Contract has been fulfilled, the contract has been closed by the title company, and the price has been disclosed to the Multiple Listing Service or MLS. 

Pending:

Listings that have an offer that has been accepted by the Seller. 

Time Clause:

Any listing that is under contract with a contingency allowing the Seller to continue marketing the property in search of a better offer while the Buyer completes some element that they deemed necessary to complete before their earnest money becomes non-refundable. For example: Buyer needs to sell their house, obtain permission from a Trustee, wants a long inspection period, or needs a long loan period in a hot market.

Undisclosed Sales Price:

The Real Estate Purchase Contract has been fulfilled and the contract has been closed by the title company. The buyer and seller have agreed to not disclose the sales price. Utah is a non-disclosure state. 

 

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