RESO Monthly, January 2024: First Video in from Paris MLS Event, First Call for Spring Conference Speakers, Last Call for Membership Renewal

Call for Presentations: RESO 2024 Spring Conference

The 2024 RESO Spring Conference will be held April 16–18 in Birmingham, Alabama. Registration is open.

We are accepting speaker requests for innovative presentations to fill out our standards-based, tech-focused agenda. Submissions focused on standards that use or intend to use RES0 products are ideal.

If you or someone you know would be a good fit for our audience, please submit a speaker request. The deadline for submissions is February 29.

VISIT EVENT SITE | SPEAKER PRESENTATION REQUESTS

RESO Membership Renewal: Services to End for Late Payees Soon

Your membership in RESO is valued and essential. If your organization did not renew at the end of 2023, please ensure that this is taken care of in the coming weeks. We cannot create a more efficient real estate marketplace without your direct involvement. | RENEW ONLINE NOW | MORE INFO

Questions may be directed to 919.504.6235 or membership@reso.org.

Your 2024 RESO Board of Directors

The results of the RESO 2024 Board of Directors election were announced for nine open seats, director appointments and the board’s Executive Committee for the next year.

Representing MLSs and REALTOR® Associations:

Katy Davenport, Director of Product Management, First Multiple Listing Service (FMLS)
Shayne Fairley, COO, Stellar MLS (Incumbent)
Rebecca Jensen, CEO, Midwest Real Estate Data (MRED) (Incumbent)
Melissa King, COO, OneKey® MLS

Representing Technology Companies, Developers, Partners and Consultants:

Kristen Carr, VP of Strategic Integrations, Realtors Property Resource (RPR)
Matt Cohen, Principal, Advisory Services, CoreLogic (Incumbent)
Bob Evans, SVP Industry Relations, Move (Incumbent)
Joseph Szurgyi, CEO, MLS Grid
Michael Wurzer, President and CEO, FBS (Incumbent)

At-Large Appointments:

Matt Hendricks, Senior Director, Broker Operations, Zillow
Thomas Morgan, Chief Data Officer, Bright MLS
Ross Buck, CEO, Omni MLS (Advisor)

Executive Committee:

Chair: Rebecca Jensen, President and CEO, MRED
Vice-Chair: Michael Wurzer, President and CEO, FBS
Secretary: John Breault, VP, MLS, State-Wide MLS
Treasurer: Richard Renton, CEO, Triad MLS

Continuing 2024 Board Members:

Dave Conroy, Director of Emerging Technology, National Association of REALTORS®
Alex Lange, Head of Strategy and Innovation, National Association of REALTORS®
Caitlin McCrory, VP, Industry Relations, Anywhere
Greg Moore, CTO, Regional Multiple Listing Service (RMLS)
Patrick Pichette, VP, REALTOR.ca, Strategic Business and Innovation at The Canadian Real Estate Association (CREA)
Shaun York, Executive Director of Technology, Homes.com

Term Ended: Mark Lesswing from Lesswing, Marty Reed from California Regional Multiple Listing Service (CRMLS), Vandana Vohra from Leading Real Estate Companies of the World and Jeff Young from RPR.

FULL STORY

Product Updates

Standards
The board ratified four RESO Change Proposals (RCPs):

Data Dictionary
The effective date of Data Dictionary 2.0 ratification is January 1, 2024.

Eight resource names will change from plural to singular form for Data Dictionary 2.1:

ContactListingNotes to ContactListingNote
ContactListings to ContactListing
Contacts to Contact
PropertyRooms to PropertyRoom
PropertyUnitTypes to PropertyUnitType
Rules to Rule
TeamMembers to TeamMember
Teams to Team

Regarding these changes, RESO uses two living documents that dictate the style and substance of RESO content and products, including the Data Dictionary:

New Members

NamoW
NamoW is an XaaS (Anything as a Service) company that develops technology solutions tailored to the residential resale (buy/sell) market in Texas.

Ngine Networks
Ngine Networks is a software publisher based in Paris, France, that brings together a team of experts in video applications to create advanced solutions for large screens – from dynamic signage to video on demand (VOD) platforms.

Propra Technologies
Propra is a suite of property management tools designed to improve efficiency, communication and affordability, while elevating the resident experience.

Quest MLS
Quest MLS is an agent-driven MLS that touts itself as not only an MLS but a marketing platform that places agents at the forefront of their design for a seamless connection between agents and consumers.

RAK Strategic Services
RAK Strategic Services leverages over 17 years of hands-on experience in association, MLS, proptech and project management to provide comprehensive consulting services geared toward business simplification in the real estate industry.

Rescover
Rescover is an investment property search engine and analysis tool in which users search homes listed on multiple MLS databases and off-market properties.

Welcome to RESO!

RESO@

RESO at Inman Connect New York
RESO will be on hand during the annual excursion to the Big Apple, January 23–25.

RESO CEO Sam DeBord will moderate a session on Wednesday, January 25, 3:35–3:55 pm ET, for NorthstarMLS CEO Tim Dain and CMLS CEO Denee Evans, as they share ways to modernize MLS listing requirements.

Intentionally International

Series Kick Off
Throughout the year, RESO will continue to share insights that began at the International MLS Forum in Paris in December 2023. It is an important time for organized real estate, both locally and on the global stage. To begin, enjoy the event co-keynote by RESO CEO Sam DeBord and CMLS CEO Denee Evans. | WATCH VIDEO

Stellar MLS Shares Value of Standardized Data, Organized Real Estate at Global Forum in Paris
And it’s not just RESO that has felt the shift to a wider lens. Hear directly from your MLS peers about why they participated in the International MLS Forum and why thinking intentionally about international standards is the way to go in 2024. Stellar MLS shared an excellent recap of the event and their involvement in it. | READ MORE

Industry News

CMLS Elects New Directors For 2024
Newly elected directors will join 11 other board members for three-year terms beginning January 1, 2024. The three new directors are Justin Haag, President and CEO, Northwest MLS; Chris Haran, Managing Director and CTO, Midwest Real Estate Data (MRED); and Matthew Consalvo, CEO, Arizona Regional Multiple Listing Service (ARMLS) (re-elected). | READ MORE

Second Century Ventures Opens Applications for 2024 REACH U.S. Program
Second Century Ventures (SCV), the strategic investment subsidiary of NAR, opened applications for the 2024 U.S. REACH technology growth program. SCV operates the REACH program across North and South America, Europe, Australia and Asia-Pacific. The U.S. REACH program focuses on solutions supporting the residential real estate sector, including innovations from adjacent industries such as banking, finance, home services, title, mortgage and insurance. Applications for the 2024 U.S. REACH program will be accepted through January 31, 2024. | MORE INFO

wwRED

Start the year right with a group investment in RESO’s Working With Real Estate Data (wwRED) course, the best primer for understanding how data flows through the industry.

The wwRED course continues to be highly popular with organizations onboarding new employees and volunteer leaders, and many companies have made it a default training course. Consider incorporating wwRED into your new staff and volunteer leadership onboarding strategy today.

Completing the course’s Business Module, which is designed for both nontechnical and technical professionals and covers the organizations, rules, processes and technology systems that create the real estate data ecosystem, gives graduates a RED-B designation.

Here are the latest crop of RED-B designees! | MORE INFO | SEE THE COMPLETE LIST OF RED-B DESIGNEES

Three Questions

The Three Questions interview series introduces you to real estate professionals with a hint of personality and humor. | VISIT THREE QUESTIONS

Here are two RESO champions who were recently featured:

RESO Workgroup Meetings

Transport Workgroup | December 4, 2023
The Transport Workgroup approved the Add/Edit (RCP-010), Business Rules (RCP-019), EntityEvent (RCP-027), and EntityEvent with Webhooks (RCP-028) proposals, and they were ratified by the RESO board. Add/Edit with Media was also discussed, as well as the Winter 2024 Developers Workshop and RESO 2024–2025 Product Roadmap. | NOTES

Interoperability Workgroup | December 12, 2023
The RESO 2024–2025 Product Roadmap was presented, and the items that can most help with interoperability were highlighted. An update on the metadata collected for Offer Management (OM) was given and potential uses of an OM resource and related standards were discussed. The RESO Best Practices Guide (or RESO Blueprint) was discussed, and related action items were set for the next meeting. | NOTES

Fast Track Subgroup | December 19, 2023
Mapping suggestions from prior meetings have been loaded into the variations service. The group reviewed and approved the suggested mappings on the Fast Track – December 2023 – Suggested Mappings sheet. The sheet contains suggestions for the remaining lookup values of the first batch of top-used fields and the lookup values of the Appliances field from the second batch. The group decided that creating a separate spreadsheet specifically for review is not needed. Going forward, comments can be made on the color-coded working sheet ([Fast Track 2023-12-19] Suggested Mappings). The group suggested that the Data Dictionary Workgroup review the definitions and synonyms of the Co-Ownership and Timeshare options of PropertySubType, as they relate to the term, “Fractional.” The group also suggested that the Data Dictionary Workgroup may consider adding a field specifically for conveying Water Heater information. | NOTES

Rental Subgroup | December 20, 2023
The group continued discussion on the Ongoing Fees and Move-In Costs topics. Recommendations from the meeting include adding lookup options of Internet and Gardener to the TenantPays and OwnerPays fields and to deprecate the Residential Lease reference from the RentIncludes field. Additionally, the group recommended that dollar amount fields be created for each of the recommended lookups for the proposed Move-In Costs field, pending further research of certification aggregate data. | NOTES

Universal Property Identifier (UPI) Workgroup | December 20, 2023
The meeting included a presentation and discussion of the various formats available for the next version of the UPI. UPI version 2.0 was discussed at length and is proposed to reduce duplication, allow for compatibility outside of the U.S. and increase adoption. The group set a goal to further test, validate and obtain feedback on UPI version 2.0 in order to write a proposal to be taken to the RESO Board of Directors for approval. | NOTES

Data Dictionary Workgroup | December 21, 2023
The meeting included discussion on Data Dictionary 2.0 certification testing rules. Specifically, data elements and attributes in the payload must match what is advertised in the metadata. A motion to change eight resource names from plural to singular form was approved. The group discussed the possibility of a new standalone field to describe water heaters, for which further research of aggregate data will be conducted and posted. Several other items were discussed and will be posted for review to be brought to a vote at the next meeting, including renaming the PowerStorage Resource to PropertyPowerStorage, new EventType lookups for the Internet Tracking Workgroup and a new addition to the ShowingServiceName field. | NOTES

Research & Development Workgroup | January 4, 2024
The group discussed the Business Linkage Resource Business Case (The Experience Record), and it was decided that it should be passed on to the Interoperability Workgroup to iron out further details. The potential MLS Data Process, Display Rules and Notification (Messaging) resources were discussed, as was the possibility of them being a single resource that could be presented in an easily consumable format. A spreadsheet from Zenlist showing data feed information, data processes and other details will be used as a starting point to be reviewed by subject matter experts (SME). | NOTES

Upcoming RESO Workgroup Meetings

If you want to participate in any of the following recurring workgroup or subgroup meetings, email support@reso.org to get started.

Thursday, January 11: Building Subgroup
Tuesday, January 16: Fast Track Subgroup
Wednesday, January 17: Internet Tracking Workgroup
Thursday, January 18: Data Dictionary Workgroup
Thursday, January 18: Certification Subgroup
Tuesday, January 23: Commercial Real Estate (CRE) Subgroup
Wednesday, January 24: Universal Property Identifier (UPI) Workgroup
Thursday, January 25: Rental Subgroup
Thursday, February 1: Research & Development Workgroup
Monday, February 5: Transport Workgroup
Tuesday, February 13: Interoperability Workgroup

Special Request for Workgroup Attendees
Please be sure to include your first and last name in your Zoom profile, so it appears onscreen during the meeting. It is helpful for in-meeting conversation and for recording attendance.