In real estate, "Under Agreement" (often abbreviated as UAG) means that the buyer and seller have signed a purchase and sale agreement, but the transaction has not yet been completed. This status indicates that the property is under contract and is in the process of closing.

Here are the key implications of "Under Agreement":

1、Binding Agreement: The buyer and seller have agreed on the terms, including the purchase price and contingencies.

2、Contingencies: The sale may still depend on meeting certain conditions, such as passing inspections, securing financing, or clearing the title.

3、No Longer Actively Listed: The property is usually removed from active listings, but backup offers might still be accepted in some cases.

4、Pending Closing: The transaction is moving toward the final closing phase, where ownership is officially transferred to the buyer.

"Under Agreement" is similar to "Under Contract" or "Pending" in real estate terminology.