The Real Estate Standards Organization (RESO) welcomes Igluu into its global membership ranks. Igluu is based in Prague and is building a software system using the RESO Data Dictionary for the new MLS in the Czech Republic. The initiative is a joint venture with ČSOB Bank, a wholly owned subsidiary of KBC Bank based in Belgium.
Working with Europe’s oldest real estate trade association, The Conseil européen des Professions immobilières (CEPI), and the local Czech Republic branch, Asociace realitnich káncelaři České republiky (ARK CR), Igluu is pioneering a technology-first drive to support European real estate groups to build organized MLS marketplaces. Igluu is a sister company of longtime RESO member Stratus, which builds technology for the Toronto Regional Real Estate Board.
RESO’s standards are growing across international borders. Known as the “Universal Language for Real Estate Technology,” the RESO Data Dictionary and Web API allow technology systems for MLSs, brokers, agents and consumers to efficiently communicate with each other.
On top of this universal technology language, websites and apps can display real estate information in any language for any geography in a standardized way. Originally focused in North America, today new technology systems based on RESO standards are being developed in the Caribbean, Central and South America, Europe, and West Asia.
Congratulations to Igluu on bringing innovative technology to the real estate marketplace in the Czech Republic. If your organization would like to know more about international opportunities to expand technology innovation with RESO, contact us at info@reso.org.
