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As we begin our approach to the RESO conference in Sarasota, Florida, October 25–27, let’s go for a ten-year Throwback Thursday ride to April 18, 2012.

In 2012, our chair, Rebecca Jensen, set the tone for the next ten years of effort in a set of slides that have been compiled and simplified below.

As you read through the goals set in 2012, you can see the incredible progress that has been made over the past decade. We look forward to continuing to help the industry run more productively, reducing redundancy and saving our members’ time.

DELIVERING DATA STANDARDS TO THE REAL ESTATE INDUSTRY
Presented by Rebecca Jensen, RESO Board Chair
RESO CONFERENCE, CHICAGO – APRIL 18, 2012

PURPOSE OF RESO
RESO shall develop, adopt and implement open and accepted data standards and processes across all real estate transactions and provide an environment for the development and implementation of data standards and processes that facilitate software innovation, ensure portability, eliminate redundancies and obtain maximum efficiencies for all parties participating in real estate transactions.

WHY STANDARDS?

  • Electronic Transactions
  • Foster Innovation
  • Plug and Play
  • Reduce Costs
  • Increase Data Analysis
  • Benefits All Involved in Real Estate Transactions

RESO was not only able to prove these points but went right to work on goal achievement.

WHAT HAVE WE ACCOMPLISHED IN THE PAST YEAR?

  • RETS 1.8 Ratification
  • Data Dictionary
  • Officially Incorporated
  • Service Agreement with NAR
  • Intellectual Property Agreement
  • 48 Charter Members!!
  • Strategic Plan
  • Transport Workgroup Created
  • Hosted 2 Conferences

Since the above list was made, we’ve moved from the real estate-only RETS to the wider technology standard of Web API 2.0, and we are now working on Data Dictionary 2.1. Our member count is past 650, our workgroup/subgroup count is past 20 and we’ve hosted two successful conferences every year, including remotely during a global pandemic!

2012 RESO BOARD OF DIRECTORS

  • Steve Byrd, Carolina MLS
  • Art Carter, CRMLS
  • Chad Curry, NAR
  • Duane Fouts, HomeSmart Real Estate
  • Rebecca Jensen, UtahRealEstate.com
  • Mark Lesswing, NAR
  • Chip McAvoy, CoreLogic
  • Robert Overman, ShowingTime
  • Robert Toothaker, CB Richard Ellis
  • Mark Wise, ListHub
  • Jeff Young, RPR

WHAT’S NEXT?

  • Develop and Approve Next Generation Data Standards (Data Dictionary Approval, Transport Workgroup Created)
  • Work With Other Standards Bodies (OSCRE, ECCMA / ISO)
  • Business Process to Identify and Prioritize Industry Needs (Universal Identifiers, Saved Searches, Syndication Analytics, Rental, Media Support, Digital Watermarking, Security, Conversion Tools)
  • Implementation and Launch Plans (Support RESO Through Adoption, Build Community, Compliance Checker)

RESO members should always be asking, “What’s next?” In an ever-changing technology landscape, our work is never complete.

SUPPORT RESO
With your support, RESO is committed to maintaining an effective organization that delivers; creating and maintaining common data standards and related business practices that are accepted and evolving with the changing needs of the industry; driving adoption throughout the industry; and creating a compliance checker to ensure proper implementation of standards.

Real estate and technology organizations followed the call, which is why RESO has become such a strong and respected advocate for bringing technology standardization and order to the industry.

BENEFITS OF RESO

  • Have a voice and a vote in the future of real estate standards
  • Get involved in and support the development and implementation of standards for the industry

This still rings true! Your involvement in RESO workgroups, conferences and all related conversations powers us forward. We couldn’t do it without you!