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What's the difference between a Listing and Under Contract transaction?

Updated today

ListedKit supports two primary transaction types:

Active Listing

  • Used when a property is listed for sale

  • Upload: Listing agreement

  • Tracks: Listing period, marketing requirements, property disclosures

  • Parties: Seller, listing agent, broker

Under Contract

  • Used when a property has an accepted purchase offer

  • Upload: Purchase agreement (+ addenda, counter-offers)

  • Tracks: Inspection periods, financing contingencies, appraisal deadlines, closing date

  • Parties: Buyer, seller, both agents, lenders, title/escrow

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