I have and would certainly include, "At no fault of the sellers..." 

BTW, want to move to NC? Bring your family and and friends and COME ON!! I know you are even more horrified than the rest of u!

It goes in MLS as a BOM... these days homes are selling so quickly that it doesn't seem to raise eyebrows.

No I don't. Rarely has a home gone back on the market since before the 08 -10 downturn. That was a different story.  Now it's more likely we've got backups in place.

When we change a Pending status to an active status due to a transaction failure, that mls status is Back On The Market.

Would I use it as advertising...heck, NO! Why would I try to turn a failure into an advantage

Some agents put the notation into the comments - whether Public or Confidential - "Back on the market due to no fault of the property" or BOMK due to buyer inability to perform" or similar verbiage.

If I, as a listing agent, got a call from another agent asking why the transaction failed, I would answer truthfully without divulging any potential confidential information.

Tammy,

I have not seen this type of sign in our area.  Happy 2021 to you and your family.  A

It's almost unavoidable to address it, particularly if you are still pending release but want to get the seller back active ASAP.  But just like Price Improved vs. Price Reduced, there are ways to say the same thing without conjuring an image of what must have gone horribly wrong.

Years ago I sold my personal house...the buyers agent lived next door to me.

The agent/my neighbor was an experienced top broker so I assumed that he would not screw me over...my stupid mistake.

Two days before closing, I learn that the buyer could not qualify and the agent had not taken an escrow deposit.

I ran an ad in the paper that said " all packed and ready to move...buyer gone...desperate to sell".

I sold it that weekend for more money than the other contract , all cash and no commission to the worthless agent/neighbor. 

Karma.

Very rare that that happens, I would probably just switch it back to active.

If I had a listing go back on the market I would not state that. The MLS shows history.  

No, I do not. The MLS has a 'Status Change' message for a day. Good enough!

Hello Tammy Lankford, I haven't use "back on the market" yet.

I don't use that in my marketing, but in our MLS the property will be marked BOMK (Back on Market) or RACT (Reactivated) triggering those very same questions... but it won't be in any of my advertising.

No . . . for the exact reasons you stated.

Yes, there are times you need to sell a home more than once.  I also add why the first buyer walked.   If not, agents will call to find out.

It will be in MLS if Back on Market is used.

 Would not use in advertising, anymore than I would put up a sign rider that says, "Reduced Price"

  However, it will go into MLS as BOM for a week.  No control over that.  Best you can do is add to the confidential remarks:  "Buyer loan denied" (if that is true).   I do not say "Buyer rejected inspection results" for obvious reasons.

Yes.  And like Debe Maxwell, CRS said, at no fault of sellers.

I put in the agent remarks section "what happened" for instance financing fell through

Because of the bylaws here, it will show back on the market automatically!

Also with the HOT market if it is over ten days you will hear what's wrong with it.

Our MLS sometimes makes us mention that. You will always get that agent that calls asking why. I don't think it matters but I am the only one I think.

We have a dated system that shows on the listing itself showing it disappeared for 30 days etc.  So I do mention that buyers couldn't get their loan, etc.

I've had that in the past and the MLS already stated that is back on the market.  I just wrote why it was back on the market, at no fault of the seller.  

Our MLS will put it back as BOM for the first 3 days.  I use the agent to agent comments to offer an explanation as feasible.  For example:  "Their failed financing means your buyers' opportunity".  It happens and most agents call to learn more. 

I have never been a fan.

It should create interest- What’s back on the Market ? ( gotta see )