Yes. When an offer is contingent, it means that certain conditions need to be met before the sale can be finalized. In such cases, the status of the offer should be updated to "Contingent" to reflect the current state of the transaction. Additionally, Once all contingencies have been satisfied or removed, the status should be changed to “Pending” to show that the sale is moving toward completion.

Please notify your Listing Agent so the MLS status can be updated within the required timeframe. Delays may result in penalties or MLS compliance violations. Therefore, it's crucial to ensure that the status is updated promptly to avoid any issue.