Select Page

Hello, RESO! We’re back with our final rendering of the RESO Monthly in 2021, and we are pleased to see you embrace this new endeavor.

We hurled a mountain of content at you last month after our packed fall conference. This month, we tone down the word count a notch, but the content lying in wait for your exploration is no less important to peruse! 

RESO has new board members, NAR passed new policy changes, and the workgroups have approved many new changes and additions. It’s all here, ready for action! But our first story is one of rest. Enjoy your end-of-year holidays. We would literally be nothing without you.

RESO to Reset During Last Week of December

RESO will be in a state of quietude from December 23, 2021, to January 2, 2022. Inspired by our good friend, T-RETS (see the next story), the RESO staff will be taking some “T” (time for) – REST.

Our office will be closed, and email, Facebook, Instagram, LinkedIn, Twitter, Slack, phones, text messages…all turned off.

An increasing number of educational and professional institutions have recognized that time spent unplugged and out of the daily race is exactly what’s needed to refuel creative problem solving. RESO is now aboard this call to inaction, and we hope that you are all able to do something similar in your lives.

Happy Holidays!

On the RESO Blog

T-RETS Extinction Countdown: The Comet Cometh for Dinosaur MLS Tech
The real estate industry has long talked about transitioning forward from a 20-year-old data transport method. RETS (Real Estate Transaction Standard) was the industry’s first set of rules for moving data between systems in a standardized fashion.

The transition to the RESO Web API is no longer an “if” but a “when.” The floppy disk, the CD-ROM and the Zip drive may all still work, just as RETS does, yet these methods of data storage and transfer are no way to support a modern technology organization.

VIEW BLOG POST | VIEW EXTINCTION COUNTDOWN

Meet the 2022 Board of Directors

The election results are in! There were nine open seats during the election, and here are RESO’s new or refreshed 2022 directors:

Class B Technology Companies, Developers, Partners & Consultants with Revenue Over $25 Million:

  • Matt Cohen, Principal, Advisory Services, CoreLogic
  • Bob Evans, VP of Industry Relations, Move, Inc.

Class B Technology Companies, Developers, Partners & Consultants with Revenue Under $25 Million:

  • Mark Lesswing, CTO & SVP, T3 Sixty
  • Michael Wurzer, President and CEO, FBS – Creators of Flexmls

Class C Multiple Listing Services and REALTOR® Associations with More Than 25,000 Members/Subscribers:

  • Rebecca Jensen, President & CEO, MRED
  • Marty Reed, Chief Innovation & Strategy Officer, California Regional MLS (CRMLS)
  • Frank Major, CTO, Bright MLS
  • Shayne Fairley, COO, Stellar MLS

Class F Other Associations or Groups with More Than 50,000 Members/Subscribers, $25 Million and Above Annually and/or 15,000 Licensees: 

  • Jeff Young, COO/GM, Realtors Property Resource (RPR)

The following at-large appointments were made by the board:

  • Andy Woolley, VP of Industry Development, Homes.com and Homesnap
  • Caitlin McCrory, VP of Industry Relations, Realogy
  • Richard Renton, CEO, Triad MLS

The 2022 RESO Executive Committee:

  • Chair: Rebecca Jensen, MRED
  • Vice-Chair: Michael Wurzer, FBS
  • Secretary: John Breault, State-Wide MLS
  • Treasurer: Richard Renton, Triad MLS

Continuing 2022 RESO Board Members: 

Todd Carpenter, Director, Strategic Investments, National Association of REALTORS®; Chris Carrillo, CEO, Metro MLS; Bill Fowler, Senior Director of Industry Relations, Compass; Jason Normandin, Project Manager, National Association of REALTORS®; Turan Tekin, Director, MLS and Industry Development, Zillow Group; and Dan Troup, Director of Data Operations & Strategy, RE/MAX.

The RESO Board of Directors is responsible for the governance of RESO and development of the organization’s Strategic Plan.

To review additional information on RESO’s BOD, please view the bylaws.

RESO Membership Renewal Season in High Gear

Thank you for your valued membership in RESO. In order to remain at the forefront of real estate technology standards, please renew by December 31, 2021. | RENEW ONLINE NOW

Your support is critical to the development and implementation of data standards that create efficiency throughout the industry, ensuring more accurate, robust and informative data.

Renewing membership online is the most convenient route, but there are other ways to pay dues, should you desire it. | MORE INFO

If you have any questions or are having issues logging in, please call 919.504.9898 or email randi@reso.org.

RESO 2022 Conferences

We are still running an exclusive, limited-time, members-only offer for both of our 2022 conferences.

 

The 2022 Conference Bundle is only $1,000 until the end of 2021. | REGISTER FOR THE BUNDLE

 

Up next, join us April 25–28, 2022, for our spring conference in Tucson, Arizona, and in St. Petersburg, Florida, next fall.

News for RESO Members from the NAR Conference

The National Association of REALTORS® (NAR) conference held in San Diego during November 2021 did not disappoint. The SoCal weather was outstanding, the fish tacos were divine, the conference content was stellar, the lobby bar debates were spirited, suite presentations were in high gear, somebody won a Tesla and other festivities went off without a hitch. RESO was present and accounted for on the expo floor and in the middle of policy discussions that will affect the industry at large.

MLS Policy Changes: One Feed, Back Office Data, Web API
The NAR Board of Directors approved six recommendations from the Multiple Listing Issues and Policies Committee. If you haven’t checked them out yet, they are all published on NAR’s website. These policies affect the technology systems that RESO certifies, and members should stay engaged in this space. |
VIEW RECOMMENDATIONS

Emerging Tech
Multiple educational sessions centered around the role of new technologies in the real estate landscape. Members of NAR’s Strategic Business, Innovation and Technology group discussed AI, 5G and other real estate tech trends. Up to $25 billion per year is being invested in proptech across the globe, and $10 billion of that is being invested in the U.S.

“There are no signs of real estate tech investments slowing down,” said Dan Weisman, NAR’s Director of Emerging Technology. “We expect technology to continue to play a critical role in the growth of the industry.” | VIEW ARTICLE

Industry Update
NAR’s Director of Engagement, Rodney Gansho, hosted a panel of industry experts, including RESO CEO, Sam DeBord, for a 45-minute presentation of top stories and objectives in real estate. Other guests shared updates from RPR, CMLS, realtor.com and NAR legal. |
WATCH VIDEO

New Members

                

Daymark Realty
Daymark Realty, one of the first cooperative-owned real estate companies in North Carolina, has helped thousands of clients with their real estate needs. As a nonprofit owned by Coastal Credit Union, they are able to return their earnings back to their clients.

JCity Realty
JCity Realty is a full-service real estate firm with a focus on community and urban development.

RealtyCandy
RealtyCandy provides IDX Broker integration to WordPress, IDX for WIX, SquareSpace, Weebly and other websites.

Red Bell Real Estate
Red Bell Real Estate’s services for agents combine powerful technology with comprehensive property listing data so agents can exceed the ever-rising expectations of today’s home buyers and sellers.

Remarkably
Remarkably helps multifamily marketers efficiently drive higher leasing revenue at lower cost with a strong return on investment.

We’re glad to have these organizations as RESO members!

Three Questions: Not a Podcast

Three Questions is a new interview series from RESO Director of Growth Management, Greg Sax, that introduces you to real estate industry professionals, their businesses and how they interact with real estate standards with a goal of humanizing the tech side of the industry, fun included. | VISIT THREE QUESTIONS

The response has been wonderful so far, and we hope to make this series a staple of the industry that you look forward to reading and occasionally laughing at on Fridays. Here are the entries that have been published since the last RESO Monthly

Subgroup Spotlight – CRE and Tax Subgroups

Commercial real estate (CRE) and tax records are logical next-step realms in which RESO can help apply data standards. Thus, two subgroups were formed under the purview of the Data Dictionary Workgroup. 

The CRE Subgroup is headed by Nathan Graham from RPR. The group’s leadership is working on its initial data mapping across submitted metadata by multiple commercial companies. It will reconvene to analyze the first version of the mapping document at the completion of this work. | CALL NOTES

The Tax Subgroup is headed by long-time RESO member, Ryan Perschilli. This group will restart its work in early 2022. | CALL NOTES

The two groups have a certain amount of connectivity, as shown by a recent report called “Taking Property Tax Digital,” written by the Altus Group to discuss how digitalization is accelerating opportunities for commercial property taxpayers worldwide. It’s a fascinating read. Within the report, it is noted how the Municipal Property Assessment Corporation (MPAC) has joined RESO in order to develop standards to enhance the consistency and accuracy of property information. | VIEW REPORT

If you are interested in joining either subgroup, contact RESO’s Greg Sax at gsax@reso.org.

RESO Workgroup Meetings

Transport Workgroup | November 1, 2021
The group approved the creation of an endorsement for the Lookup resource in order to include it in the certification process for Data Dictionary 1.7, when present, then continued the discussion of creating a predictable standard for local extension. Uniform Resource Names (URNs) and RESO Certification Analytics were the next topics of discussion and there are plans to create groups for each in the next Transport meeting. | CALL NOTES

Showing Subgroup | November 3 and 17, 2021
The subgroup stepped through the fields of the five suggested showing resources (Showing, ShowingAvailability, ShowingRequest, ShowingAppointment, ShowingFeedback) and decided whether any changes needed to be made. In addition, the group outlined the future discussions of lookups and data structure of these fields and requested feedback on a few action items. | NOVEMBER 3 CALL NOTES | NOVEMBER 17 CALL NOTES

Data Dictionary Workgroup | November 18, 2021
The group covered a lot of ground on a total of 15 topics over an extended 90-minute meeting that included eight formal votes, a name change of Data Dictionary 1.8 to Data Dictionary 2.0 and the formation of three focus groups and continued discussions on a variety of topics. Anything that was voted into Data Dictionary 1.9 will become something beyond 2.0, as 1.8 was closed and is simply receiving a name change. | CALL NOTES

Certification Subgroup | November 18, 2021
The group reviewed Data Dictionary 2.0 testing rules in preparation for a January 2022 release and discussed testing rules and tools for the Lookup Resource, which currently has implementations that need to be certified for Data Dictionary 1.7. The RESO Certification Analytics Focus Group was discussed briefly, followed by an outline of the 2022 RESO Technical Roadmap. | CALL NOTES

Research & Development Workgroup | December 2, 2021
The group was presented a business case for solving issues with image consumption and discussed the best way to address those concerns. Additionally, the group touched on the new NAR recommendations and options for developing standards for them. | CALL NOTES

Unique Licensee Identifier (ULI) Subgroup | December 3, 2021
The ULI Subgroup discussed the current status of the ULI Pilot and outlined steps needed to publish a white paper, which work will begin on shortly. Next steps were identified and will be worked on with a progress update on the January call. | CALL NOTES

Board Liaison Committee | December 3, 2021
This meeting is held once per month in order to give workgroup chairs an opportunity to converse about their top agenda items, request help from each other and provide summary reports to the RESO Board of Directors. The reports of each chair are collected and shared as part of the meeting’s official call notes. | CALL NOTES

Transport Workgroup | December 6, 2021
The workgroup reviewed the proposed testing rules for the Lookup resource, which was approved as an addition to DD 1.7 by the Data Dictionary and Certification groups and is currently in development; the related Field resource was also discussed. Data Dictionary 2.0 testing rules were approved by the Certification Subgroup in the November 2021 meeting and reviewed by the Transport Workgroup. The remainder of the meeting was focused on the 2022 RESO Technical Roadmap and the creation of the URN Subgroup and RESO Certification Analytics Focus Group. | CALL NOTES

Upcoming RESO Workgroup Meetings

           

  • Tuesday, December 14: Interoperability
  • Wednesday, December 15: Showing (Subgroup of Data Dictionary)
  • Thursday, December 16: Data Dictionary
  • Thursday, December 16: Certification (Subgroup of Transport)