Monthly Message
During market uncertainty, RESO offers security and stability by focusing on the aspects of real estate that expand your industry knowledge and empower you to thrive in an organized marketplace. RESO represents an unwavering independent guide for making the industry go at its most fundamental level.
RESO Monthly is Sponsored By
Connect with RESO’s unmatched membership of industry leaders. The RESO Monthly and RESO Product Updates include one sponsor each month. Secure your spot by contacting advertising@reso.org.
The RESO 2024 Fall Conference is Almost Here!
It’s not too late to register for the 2024 RESO Fall Conference at Omni Frisco at the Star, October 22–24.
VIEW THE AGENDA | REGISTER NOW!
Door Prizes
It’s also not too late to submit door prizes. To contribute, please contact support@reso.org.
RESO Membership Renewal
It’s time to renew your RESO membership! Your support is critical to the development of standards that create efficiency throughout the industry. Invoices have gone out to the primary contact on your account.
If you need to update your primary contact, have issues logging in or have any other questions, please call 919.504.6235 or email Brian Ohnesorgen at membership@reso.org.
RENEW ONLINE NOW | MORE INFO
Product Updates
Data Dictionary Subgroups
Commercial Real Estate (CRE) Subgroup – The group wrapped up their final meeting and submitted a CRE Proposal to the Data Dictionary Workgroup. The updates would convey commercial-focused property data outside of the existing data elements. The main points are:-
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- A new Property Type named Commercial Real Estate (CRE)
- Two new lookup fields named PropertyCategory and PropertySubcategory (commercial having a greater level of tiered property classifications than residential)
- Identification of existing fields and lookups to be given the CRE Property Type attribute/reference
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- ADU Subgroup – The group held its first meeting with the goal of developing a standard for conveying information about additional living quarters outside of the main residence.
R&D Workgroup
- The group went over a New Construction Development Data Elements business case, which aims to create standards that express what is available at a development level vs. resale home specs (e.g., a list of available floor plans, builder information and ranges for price, square footage, bedrooms and bathrooms).
Interoperability Workgroup
- A proposal to tag existing Data Dictionary fields with Association Management Systems (AMS) and Offer Management (OM) payloads was approved and submitted to the Data Dictionary Workgroup.
New Members
MetroTex Association of REALTORS®
MetroTex provides a platform to launch success for REALTORS®, partners and communities through cutting-edge, innovative and inclusive member-focused real estate resources.
Scout
Scout builds products and services that help make connections with ideal customers by providing essential information about potential clients (where they live, what interests they have, etc.) and email campaign templates with relevant and personalized details.
Welcome to RESO!
On the RESO Blog
You, Too, Can Be a Part of RESO White Papers and Case Studies
If you have white paper or case study ideas that emphasize the use of RESO standards to solve a problem for the real estate industry, turn your concept into reality by contacting us at info@reso.org. To spur new activity, we have also refreshed our existing collection of white papers and case studies. | READ MORE
A Trifecta of RESO Standards: Data Fields, Web API, Cross-Platform Interoperability
At the RESO 2024 Spring Conference, a panel discussion offered insights about the market transformation that occurs when RESO standards are used to combine data from a nonprofit, a public records provider and an MLS. | READ MORE
Abu Dhabi Proptech Venture Developer ADRES to Participate in International MLS Forum
The latest addition to this year’s International MLS Forum, organized by RESO and CEPI, the European Association of Real Estate Professions, exhibits the broad scope and importance of this event. From Abu Dhabi in the United Arab Emirates, the proptech venture developer Advanced Real Estate Services (ADRES) and its General Manager, Mr. Moath Maqbool, will participate in the forum. | READ MORE
RESO Common Format (RCF)
Real estate brokerages and their technology vendors provide key components of real estate data, and the RESO Common Format (RCF) standard gives these audiences a better way to efficiently share data. RCF empowers brokerages and their website vendors, CRMs, lead gen portals and back office tools to all talk to each other with data packaged in a simple, well-organized format. | READ MORE
RESO@
RESO helped moderate and deliver content about the future of real estate data delivery at the Council of Multiple Listing Services annual conference, CMLS 2024, September 23–25, in Seattle.
We will be at the NAR NXT conference in Boston, November 8–10.
Intentionally International
The 2nd International MLS Forum is Almost Here!
The highly anticipated event happens in Milan, Italy, October 7–8.
Highlight: Glenn Sanford, Founder, Chairman, and CEO of eXp World Holdings will engage in a fireside conversation on the global significance of MLS ecosystems with RESO CEO Sam DeBord. They will explore how these systems can be standardized to enhance and streamline real estate practices worldwide.
The International MLS Forum is organized by RESO and the European Association of Real Estate Professions (CEPI). The event is funded and attended by international leaders from real estate technology organizations, trade associations, MLSs, brokerages, investors, banks and government agencies.
Stay tuned to RESO social profiles and our website for news during and after the event.
REGISTER | VISIT THE EVENT WEBSITE | READ MORE
RED-B
Working with Real Estate Data – Business (RED-B) brings real estate industry newcomers and veterans on a journey of data flow through organized real estate.
Explore what the course has to offer and sign up your whole team today! | LEARN MORE
Three Questions
The Three Questions interview series introduces you to real estate professionals with a hint of personality and humor. Watch for new entries on Fridays.
VISIT THE THREE QUESTIONS ARCHIVE
Recent Entries:
- Lauren Martin of RentSpree
- Mitch Skinner Larson Skinner PLLC
- Eileen Romito of Zenlist
- Bill Fowler of SourceRE
RESO Workgroup Meetings
Universal Parcel Identifier (UPI) Workgroup | August 28, 2024
The group reviewed the Data Dictionary fields that were approved in order to support the URN-based UPI v2.0. | NOTES
Research & Development Workgroup | September 5, 2024
The New Construction Data Fields business case will focus more on new construction development projects as a whole, conveying details about what types of homes and floor plans are or will be available in the development. The Licensee Display Rules/Feed Rules case will be addressed with the upcoming Single Feeds (RCP-35) proposal. An update on the Unique Licensee Identifier (ULI) was provided, including a pilot program to measure its efficacy, which is currently active. | NOTES
Transport Workgroup | September 9, 2024
The Transport Workgroup reviewed the days on market calculation proposal, which allows data consumers to avoid replicating records when DOM is the only thing that changed. Data provenance was also discussed, which surfaced at the Winter 2024 Dev Workshop. | NOTES
Interoperability Workgroup | September 10, 2024
The group brainstormed user stories involving offer management (OM) systems and recorded them in a consolidating document. These user stories will be added to a best practices guide. | NOTES
ADU Subgroup | September 12, 2024
The initial ADU Subgroup approved “Additional Living Quarters” as a standard term to avoid confusion with legal Accessory Dwelling Units (ADU), and it will support properties having multiple additional living quarters. The group took a broad approach to conveying information about additional living quarters rather than being bound by legal standards, which differ greatly between locales. | NOTES
Data Dictionary Workgroup | September 19, 2024
Corrections for errata and inconsistencies that were discovered in Data Dictionary 2.0 were discussed and approved with a caveat that they be split between Data Dictionary versions (2.0 and 2.1). The items that lean more towards inconsistencies than errors were approved to be addressed in Data Dictionary 2.1. Error items like incorrect characters were approved to be changed retroactively for 2.0. | NOTES
Certification Subgroup | September 19, 2024
The Certification Subgroup approved testing rules for the Universal Parcel Identifier (UPI v2), which have been verified on three separate vendor implementations. Testing rules for DD 2.1 and related endorsements were reviewed, as well as the self-testing user interface for RESO Common Format and UPI. The group also discussed the Subscriptions and Filtering proposal for webhooks that was created at the Summer 2023 RESO Dev Workshop. | NOTES
Upcoming RESO Workgroup Meetings and Key Topics
If you want to participate in any of the following recurring workgroup or subgroup meetings, it’s never been easier to do so. | JOIN A RESO WORKGROUP
Oct 03: R&D – New Construction Data Fields business case, new cases to pursue, conference planning
Oct 07: Transport – Days on Market Calculation Proposal, Provenance, Subscriptions and Filtering
Oct 10: ADU – Further define assumptions, especially related to Residential Income Properties vs. Properties with Additional Living Quarters, the omission of Mobile Property Type, and consideration for Commercial Sale and Commercial Lease
Oct 11: Data Dictionary – Community Pool Features Proposal, Attached and Detached Garage Proposal, HasStreamYN Addition to Add/Edit with Media, FeedTypes/FeedRules Fields Proposal, Legacy and Deprecated Data Elements Proposal
Oct 15: Fast Track – Continued work on Potential Data Dictionary Additions, determine what to do with the generic Built-In Oven field, refine the definition of ArchitecturalStyle, determine if brand names like HardiPlank belong in the Data Dictionary, discuss efficiency ratings for HVAC systems (e.g., SEER for Cooling), add more details to SpaFeatures (e.g., indoor vs. outdoor hot tubs), consider lookups for ERV and HRV filters as they relate to HVAC systems
Oct 22: Broker Advisory (in person*) – Broker spotlight on how RESO standards interact with brokerage
Oct 22: Interoperability (in person*) – A hypothetical data walkthrough for offer management (OM) or association management systems (AMS) with RESO standards suggestions
Oct 23: R&D (in person*) – Business case review + new business case ideas
Oct 23: UPI (in person*) – UPI Registry and the importance of choosing the authoritative identifier for users/creators of UPIs
Oct 23: Data Dictionary (in person*) – Topics from the Oct 11 meeting will be reviewed and/or voted on during the conference meeting: Community Pool Features Proposal, Attached and Detached Garage Proposal, HasStreamYN Addition to Add/Edit with Media, FeedTypes/FeedRules Fields Proposal, Legacy and Deprecated Data Elements Proposal
* This meeting will be held at the RESO 2024 Fall Conference. Registration is required.
Members can check on all new agenda items by visiting the RESO Workgroup Collaboration System.
