Date post: | 17-Dec-2015 |
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The RESO Data Dictionary
Impact on the MLS
CMLS Executive
WorkshopRobert Gottesman, Executive Director
Real Estate Standards Organization
RESO is at Work
• Data Dictionary
• Certification and Compliance
• RETS Web API−New API geared for mobile
devices
• Updating RETS 1x Platform
• Property Unique Identifier
RESO standards are free to use and in the public domain
Data Dictionary(The Great Translator)
• The ‘Rosetta Stone’ for Real
Estate−Globalizes most common fields
• Field Names• Data Types / Data Lengths• Definition
• No Need to Add Fields−If you have ‘it’ .. Then do it the Data
Dictionary way
• MLS Benefits−Share Prospects, Contacts, Saved
Searches−Faster/easier transition to new MLS
Systems
• Broker −Less investment interfacing with
multiple MLS
• Agent−New Software and Updates available in
days (rather than months)−Greater Software Selection
Tangible Benefits
(… Data Dictionary)
What’s Happening ‘Now’ with the Data Dictionary
• Getting Feet Wet−Data Dictionary 1.3−All loose ends complete .. Ready to
deploy
• Early Adopters−10+ MLS are working on next steps
• In Beta with RETS 1x and Web API
• 4. RESO members here??
(… Data Dictionary)
Implementing Data Dictionary
• Recommended Steps1. Data Dictionary Starter Kit2. Meet with MLS Committees &
MLS System Provider3. Transition Plan4. Implement in Test Site5. Announce Changes to Brokers,
Agents, Vendors6. (and finally) .. Production
(… Data Dictionary)
Hurdles to Overcome
• MLS carries the Burden
• Areas of Impact!−Changing Data Types
−Changing Data Lengths
−Changing Lookups
• When do we see the Benefits?−Not until many MLS convert
• Goal: 100% Adoption
Step #1 - Starter Kit
• So what is a Data Dictionary Starter
Kit?−Spreadsheet that helps map your MLS
data to the Data Dictionary
• Where can I get the Starter Kit?−[email protected] .. Or www.reso.org
• What do I do when I’m done?
• Where can I get help?
Supporting Standards• Add RESO Standards to ..
−MLS Provider Contracts−IDX / 3rd Party Subscriber Agreements
• Join RESO, Become a Member!−Stay ahead of the game
• Participate in Active Workgroups
−Network with Industry Leaders & Technology Experts
−Keep Standards moving forward
What’s Next …
• Takeaways−Start a Data Dictionary
Conversation
−Download Data Dictionary Starter Kit
−Make your MLS Data Dictionary Compliant!
−Promote RESO standards
• Make a Difference!