The Real Estate Data Standard
RESO is the acronym for the Real Estate Standards Organization and is responsible for Improving our industry, our information and data. If you run marketing or work with data in Real Estate, or sell Real Estate, or buy Real Estate you already work with some of their tools and might not even know it. Recently, RESO built:
- The RESO Web API: today’s upgrade for data transfer, replacing RETS
- The Data Dictionary: the industry’s universal language for data
What started as an idea at NAR in 1999, became an independent, not-for-profit trade organization in November 2011. We decided to join and support RESO because we believe in the mission: “RESO provides the foundation for streamlined real estate technology through the creation and certification of standards. Our member organizations include MLSs, brokerages, REALTOR® associations and technology partners serving more than one million real estate professionals.”
Why is a standard important? From the reso website:
Open standards organizations, like RESO, exist in most industries to ensure technology advancement. A well-known example is W3C, which creates the standards for the World Wide Web. The most powerful technology companies in the world agree to collaborate to build a common web that raises the technology foundations of all competitors.
This is why you can get data, apps, services, and products from many different competing companies on the same smartphone. Web-based products are built on an open standard.
In real estate, RESO’s standards are created to promote that same experience: interoperability between MLS, broker, agent, and consumer technology tools.
Im also thrilled to get an opportunity to work with some really savvy “old” friends that Ive known for more than a decade including CEO Sam DeBord and Dir of Growth Greg Sax. We will also be attending the RESO Spring Conference in Tucson AZ.
If your organization would like to join RESO and further the cause, reach out to them here. Together, we hope to continue the good work that was previously achieved.