This is possible. In our area, the deal is first in an intial attorney review period and it will continue to show as active, perhaps with an "*" to show that there is an accepted contract, but it is not required by most MLS'. If the seller has asked that the property continue to be shown for back up, then it can be. I always think there is a risk that it will upset the buyer/bird in hand, but these days with the number of deals that are falling thruogh due to inspection disagreements or mortgage issues, I do see more of this. Very recently a new status was added to the Garden State MLS, Under Contract Continue to Show (UCS) that would be perfect for this scenario. What I find maddening, is when a property that is under contract remains active and there is no mention in the listing. This can be a big time waster for interested buyers and the agents that serve them.
If the listing agent is doing this at the request of the seller to draw back ups then that is one thing. If the listing agent is keeping the property active just to keep his phone ringing and then divert that interested party to other listings he may have, then that is a whole other matter that I do object to. In the later case, it is wasteful of buyers and agents time and also not serving the sellers best interest. It can really unnerve the buyer and cause a good deal to go bad - I had this happen once and in fact the very good deal did unravel, and at least in part, it was because the buyer was unnerved by the fact that the property status was never changed to Under Contract even after multiple requests to the listing agent.
What I don't like to hear is that you did not get a response to your offer. I'm sorry to hear that.
You'll get the next one!
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