The burgeoning tech tames real estate listing data
Re-posted from Inman News on July 18, 2018
Listing data is the lifeblood of the real estate industry. Innumerable websites and apps run on it, benefiting agents, brokers, consumers and the companies that thrive on providing services to them.
But what goes on behind the scenes to make ubiquitous data a reality?
The days of MLS books are long gone. Now, multiple listing services transfer data to vendors chosen by brokers and agents through two main data standards: the Real Estate Transaction Standard (RETS) or an application programming interface (API). They each have their benefits and challenges, but the latter is the future, according to panelists on Tuesday at Inman Connect San Francisco’s Hacker Connect.
If a real estate tech company has been around for more than a decade, chances are they’re using RETS. But it’s “pretty old technology,” said Seth Siegler of Hoverboard Labs during a session called “Dealing with the MLS: A Developer’s Perspective.”
Read more at: https://www.inman.com/2018/07/18/why-real-estate-apis-are-the-future/.
