Reserved Prospect “RP”

RP stands for Reserved Prospect. If you see Yes in this field, this means that the seller has created an option in the listing contract that, if a specific buyer named in the listing contract decides to buy the property, the seller will be able to sell to that prospect directly and save on paying the listing commission. The MLS will accept these types of listings only in the event that the arrangement with the reserved prospect/buyer is in effect for no more than 5 days from the start of the listing contract.