The RESO Analytics platform is bringing a new era of data transparency to the organized real estate industry. Through a variety of new alignment reports built on the foundation of RESO Analytics, a wide range of stakeholders will have more tools to make data-driven decisions about products and partnerships in the industry.
The 2023 releases of these new reporting tools include the Provider Alignment Report, Market Alignment Report and Consumer Alignment Report.
RESO Alignment Reports
Provider Alignment Report (PAR): This report compares the data output from one organization’s data source through the API services of multiple technology vendors.
PAR would most commonly be used by an MLS comparing products or to see how they are doing relative to the industry.
Market Alignment Report (MAR): This report compares the data output from the data sources of multiple organizations that overlap with one another, via each organization’s API service(s).
MAR would most commonly be used by multiple MLSs involved in data collaboration, shares and consolidation.
Consumer Alignment Report (CAR): This report compares the data output from multiple data sources through a data consumer-driven filter process. The data consumer selects common data elements or payloads to search for across multiple sources.
CAR would most commonly be used by a broker or downstream technology vendor building applications across geographies.
Common Concepts in Alignment Reports
There are some important data concepts to analyze when reading an alignment report.
Resources: Top-level groupings, or buckets, for data. Examples are the Property, Media and Open House resources. They contain fields and lookups.
Fields: Data fields, such as List Price, where the property record (listing) creator inputs a value (e.g., $200,000) for the field.
Lookups: Data fields with enumerations, such as Country, where the property record creator selects from a pick list of options (e.g., US, CA, MX) for the lookup.
Availability: This is a measure of how often a field is populated with data in an individual record. High availability means the field was populated by listing creators (real estate agents, MLSs and other technology systems) more often, while low availability means it’s a lesser-used data element. Items that are required in the originating system should be available 100% of the time.
Provider Alignment Report: Beta Release, ETA Q2 2023
PAR Industry View
The PAR Industry View shows the data source’s alignment with industry averages. The number of standard data elements (fields and lookups) is measured against the average number of standard elements in the roughly 650 systems and 500 markets RESO has tested across the industry.
The Venn diagram shows the overlap between the data source and industry averages. The user can select each area on the diagram to see specific information about the resources, fields and lookups that intersect as well as the outliers.
Data Elements
Users can toggle between different subsets of these fields and lookups by selecting the buttons for All, RESO (standard only), Local (custom) and IDX (designated specifically for broker website displays).
Data Availability Threshold
Use the Availability Threshold slider to set a minimum data availability. This minimum is applied to all fields and lookups in the data set, and only those greater than or equal to the minimum will be displayed.
Moving the slider all the way to the left shows items that were advertised but not available in the payload. All the way to the right shows data elements that were present 100% of the time.
If the slider is moved to 50%, for example, the List Price field, which is available 90% of the time, and Roof, which is available 50% of the time, would be displayed. Subdivision Name, which is available 20% of the time, would not be displayed.
Filter by Fields or Lookups
The Filter box allows users to search across all resources for specific fields and lookups. Users can simply start typing here to receive suggested data elements from the source data. The filter applies to the current data element filter. For example, the RESO filter.
Filter by Resource, Drill Down into Fields or Lookups
The Resource dropdown menu (Property, Media, etc.) and Fields/Lookups buttons allow users to refine their results to specific data element categories. The default is to show all resources.
Views and Export Options
Users on large screens will be able to see alignment diagrams and details in the same view. On smaller resolutions, there is an option to toggle between them.
Exports will also be available in CSV format.
PAR Provider View
The PAR Provider View is also in Venn diagram format. It shows which data elements from each vendor’s API services match those elements from the other API services. The overlapping areas are selectable, as in the PAR Industry View.
The functions on both of these alignment screens are identical. Selecting Details from the View toggle brings the user to the PAR Details View.
PAR Details View
The PAR Details View allows the user to filter and scroll through all data elements in individual text form. The availability for each data element is displayed. Industry average availability is also present for comparison alongside the availability percentages of individual API services.
The PAR Details View allows users to home in on specific areas for focus. Availability comparisons help the customers of these API services find areas for improvement and misalignment that could be addressed with service providers.
Market Alignment Report: Beta Release, ETA Q2 2023
MAR Systems View
The Market Alignment Report (MAR) gives insights into different data sets in common marketplaces. These reports compare the data sources of multiple organizations, as opposed to PAR comparing multiple APIs using the same organization’s single data source.
Users can select overlapping portions of the diagram for specific information about the confluence of data within that overlap. These insights inform planning around collaborations such as technology partnerships, consolidation and data shares.
The functions on the MAR screens are identical to those on PAR reports:
- Standard vs. Local and IDX data sets
- Filter box for search
- Resource, Fields and Lookups filters
- Data availability slider
- View toggle between Diagram and Details
- Export, Print and Help
The diagrams in MAR may represent the data sets of a few or many organizations. They can assist all stakeholders in data collaboration efforts in understanding their position and alignment within the group in an objective fashion. The more overlap that exists between systems, the more robust the opportunities are available for data exchange.
MAR Details View
The MAR Details View provides a list of data elements with commonality across the data sets of at least two of the selected organizations. Individual items have a larger set of alignment columns to compare across systems.
Consumer Alignment Report: Beta Release, ETA Q3 2023
One of the most popular requests when people learn about RESO Analytics is the ability to search for data sets that they are interested in from specific fields to payloads to things like showing and tax information.
Up next on the roadmap is the Consumer Alignment Report (CAR), expected to be released in late 2023. This report takes alignment reports to another level.
The focus of CAR is not on the data set as seen from a provider’s perspective but toward identifying the business data needs of the broker or aggregator and collecting information across a broad spectrum of data sources for those specific purposes.
A broker building a website for customers or an app for agents might want to focus on a data set that will be consistently available across the 10 MLSs that the broker participates in. This broker’s technology staff would select the data elements that they believe would add value to the website or app and then search for them across their 10 MLSs at once.
The development of these broker tools would be informed greatly by knowing which of these data elements will commonly be available and therefore useful to their agents and customers.
Hear more about RESO Analytics Alignment Reports in person or via livestream at the 2023 RESO Spring Conference, April 18–20, in San Antonio, Texas. You can also learn more by attending RESO’s regular online workgroup/subgroup meetings, particularly Transport, Certification, Certification Analytics and Data Consumers.
