RESO (Real Estate Standards Organization) is a “not for profit” standards organization focusing on an environment for the development and implementation of real estate data standards and processes that facilitate innovation, insure portability, eliminate redundancies and obtain maximum efficiencies for all parties participating in a real estate transaction.DLU February 11th, 2018
The MLS is a tool to help listing brokers find cooperative brokers working with buyers to help sell their clients’ homes. Without the collaborative incentive of the existing MLS, brokers would create their own separate systems of cooperation, fragmenting rather than consolidating property information.DLU February 11th, 2018
Joining RESO gives you and your organization an opportunity to change the way the real estate industry can interface with technology. More important, our members are the first to see future trends and technologies that will be used to impact you and your organization. See more information on this benefit at Membership Benefits page.DLU February 11th, 2018
“In February of 1999, the National Association of REALTOR®(NAR®) joined forces with leaders in the technology industry to make access to MLS data easier for individual realtors and other interested 3rd party organizations.
By March of 2002, RESO was officially formed under NAR and presented its first version of the well-documented Real Standard Transaction Specifications.
RESO incorporated in November 2011 as an independent, not-for-profit trade organization having functioned previously as a section of the NAR®. As of January 2019, RESO reached a membership of 850+ organizations including NAR, multiple listing services, real estate associations and industry technology providers.”DLU February 7th, 2019
Standards remove ambiguity and incompatibility across different computer systems within and outside organizations as well as between business partners resulting in more consistent and higher quality data among those that support those standards.
In short, standards make it easier for programmers to handle real estate information from many different entities as it forces consistency when exchanging data between different systems. Without RESO standards, programmers would spend more time dealing with many different types of systems, fixing more bugs and correcting erroneous data.DLU February 11th, 2018
Creativity, efficiency, quality and cost control are the major factors that drive the formation of technology standards. RESO Standards also help level the playing field which enables smaller business entities to participate and compete with larger institutions.DLU February 11th, 2018
Joining RESO can bring many benefits no matter what role your organization plays in real estate. The benefits include being allowed to participate in Workgroups which formulate and update the RESO standards, staying ahead of the curve and understanding what new standards and updates are being released in the future; having a vote and influencing the future of RESO and gaining direct access to other influential real estate partners participating in RESO forums, Workgroups and conferences. Lastly, having your organization contribute resources for the betterment and improvement of real estate standards within North America is something your organization can communicate to its associates and customers in helping the real estate industry.
Any organization can join RESO by completing the forms on: Join RESO!DLU March 6th, 2019