CAPA stands for "Can Accept Purchase Agreements". This is typically used with short sales. For example, if there is an offer on a short sale, then the listing becomes "Active CAPA" because until the bank gives the final approval, the seller can still accept back-up offers. Once the bank gives their approval, then the listing is typically changed to Active Contingent. Active CAPA is also sometimes used if there is an accepted offer on a listing, but the buyer needs to first sell their current home by the agreed upon date. The seller could then accept back-up offers in case the current buyer can't follow through with selling his current house. Keep in mind, sometimes listings say Active Contingent, when they should really say Active Capa (often short sales), so be sure and have your agent make the necessary phone calls to find out the situation.