The Real Estate Standards Organization (RESO) is organized and shall be operated exclusively as a nonprofit corporation to promote and support the common business interests of the real estate industry. RESO shall develop, promote and maintain, through an open process, voluntary electronic commerce procedures and standards for the real estate industry to enable real estate information to be securely exchanged between real estate brokerages, practitioners, mortgage lenders, investors, service providers, vendors, borrowers, and other parties more efficiently and economically for the benefit of industry participants and consumers of real estate products and services.