This Month’s Highlights
- eXp World Holdings CEO Glenn Sanford Speaking with RESO at the International MLS Summit
- It’s Time to Register for the RESO Fall Conference
- Industry-First White Paper on MLS Data Shares
- Triangle MLS Case Study: How RESO Aided with New Transformative Tech
- RESO Alignment Reports
- Data Dictionary Workgroup approves Rental Subgroup proposal
- New RESO Common Format (RCF) Certification Awarded
September’s 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.
Register Now for the RESO 2024 Fall Conference
The conference will be held at the Omni Frisco at the Star, October 22–24.
Why You Should Attend the RESO 2024 Fall Conference
The essentials of our conferences are clear – decisive workgroup meetings, cutting-edge business cases, top-tier networking, and the Dallas–Fort Worth area has two bustling airports located near the venue.
SEE FOR YOURSELF & REGISTER TODAY
In the midst of 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, no matter the outside forces.
RESO represents an unwavering third-party qualifier for making the industry go at its most fundamental level. RESO and, by proxy, real estate tech functions far less efficiently without your contributions.
SEE MORE REASONS WHY YOU SHOULD ATTEND
RESO Releases New White Paper and Case Study
Sharing, Transforming
RESO released an industry-first white paper on the state of MLS data shares and a new case study on Triangle MLS’s technology overhaul. | LEARN MORE
Product Updates
RESO Alignment Reports
RESO Alignment Reports from RESO Analytics take published data from the RESO certification process and organize it into practical, actionable visualizations and comparisons.
The Industry Alignment Report is complimentary for all RESO members, through their process of becoming certified. The Provider Alignment Report and Market Alignment Report are live in beta and are available for purchase. The Consumer Alignment Report is coming soon. | READ MORE
An automated way to buy reports is on the way. For now, RESO members should inquire with dev@reso.org, and nonmembers should start with membership@reso.org.
These reports save organizations significant time in constructing comparative data frameworks, allowing technical staff, data analysts and business management to focus on the critical details necessary to make their data collaborations work.
Data Dictionary
Features That Help with Accessibility
- Approved several accessibility-related lookups under various fields – General Accessibility Features Lookups.
- The new lookups are less specific, without exact measurement requirements and other conditions as laid out in the HUD-driven AccessibilityFeatures field.
- Approved a new data “shape” named WaterBody to convey information about bodies of water related to the property.
- Allows for a property to describe one or more related bodies of water including type, access, features and ownership.
- Approved new data elements to improve the existing Residential Lease (RLSE) Property Type for rental use cases.
- Approved further support for metadata resources in the Data Dictionary, including changes to the Data Dictionary Reference Sheet Format and Data Dictionary Wiki.
Certification Update
Congratulations to Constellation HomeBuilder Systems for achieving a RESO Common Format (RCF) 2.0 endorsement.
Results are viewable in RESO Analytics. Questions about RESO certification should be directed to your MLS vendor. Questions about self-testing or the technical aspects of certification may be directed to dev@reso.org.
RCF Certification for Brokers and Their Vendors
RCF empowers brokerages and their website vendors, CRM providers, lead generation portals and back office tools to all talk to each other with data packaged in a simple, well-organized format. It keeps the broker’s data accurate and consistent across systems.
The business value is straightforward. Just as we expect our mail system to use orderly addresses, RCF shows how to organize property data for easy readability by any technology system. | LEARN MORE | VIEW RCF SPEC
New Members
4property
4Property, based in Dublin, Ireland, provides technology solutions for the property industry, supplying CRM, website, installation, data migration, training and support services, as well as a database of residential properties in Ireland which also includes market reports, appraisals and valuation tools.
Comey & Shepherd REALTORS®
Comey & Shepherd REALTORS® is a real estate brokerage based in Cincinnati, Ohio.
Origin Confirmed
Origin Confirmed is an identity validation (IDV) service in Canada and the United States that serves banks, credit unions, mortgage brokers, commercial lenders, payment gateways, medical service providers and government agencies.
Welcome to RESO!
RESO@
September 2024
We will be in Las Vegas for Blueprint, September 17–19. RESO members can get $300 off conference attendance with the code BP2024PARTNER.
We will be joining our friends at the Council of Multiple Listing Services annual conference, CMLS 2024, September 23–25, in Seattle.
Come chat with us if you’re attending.
We closed August at the iOi (Innovation • Opportunity • Investment) Summit in Chicago.
RESO CEO Sam DeBord (second from left) provided a standards-based angle on proptech development and the future of the MLS with a distinguished panel moderated by Rodney Gansho from NAR (far left), Bill Fowler of SourceRE (second from right) and Liz Sturrock from MIAMI REALTORS® (far right).
RESO is available to help future-leaning audiences understand how RESO fits into the real estate tech infrastructure.
Intentionally International
2nd International MLS Forum Dramatically Scales Up
The highly anticipated event happens in Milan, Italy, October 7–8, 2024.
We are honored to introduce our next speaker, Glenn Sanford, Founder, Chairman, and CEO, eXp World Holdings.
Sanford and RESO CEO Sam DeBord will engage in a fireside conversation on the global significance of MLS ecosystems.
They will explore how these systems can be standardized to enhance and streamline real estate practices worldwide.
Also joining the Milan event from eXp will be Meghan Kelley, SVP International Operations; Felix Bravo, VP of International Growth; and Denis Andrian, CEO, eXp Realty Italy.
REGISTER | VISIT THE EVENT WEBSITE | READ 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:
- Angie Baker of MIBOR REALTOR® Association
- Rich McGonigle of MLS Technology
- Martin Kelly of Blueprint
- Spencer Rascoff of Pacaso / 75 & Sunny Ventures
RESO Workgroup Meetings
Commercial Real Estate (CRE) Subgroup | July 31, 2024
The group walked through the Lookups tab of the CRE Subgroup Mapping spreadsheet and discussed a potential new CRE-specific structure that would be needed to effectively communicate CRE property types and subtypes. | NOTES
Research & Development Workgroup | August 1, 2024
The group discussed two business cases – New Construction Data Fields and Licensee Display Rules. An option for conveying new construction information as more of a “what’s coming” for homes and subdivisions was presented as an alternative to focusing on completed new construction homes. Additionally, licensees want to manage their personal information, including social media links on a granular level, and there are in-progress standards that may facilitate that ability. | NOTES
Interoperability Workgroup | August 13, 2024
The group completed tagging fields of the Property Resource for the Offer Management (OM) payload. Fields were approved and sent to the Data Dictionary Workgroup. | NOTES
Data Dictionary Workgroup | August 15, 2024
Five proposals were approved: 1) a new WaterBody data “shape” from the Waterfront Subgroup Proposal; 2) new rental data elements from the Rental Subgroup Proposal; 3) several general accessibility-related lookups to be added to various fields with the Features That Help with Accessibility Proposal; 4) an increase in the suggested maximum length to 150 for the MLSAreaMajor, MLSAreaMinor and SubdivisionName fields; and 5) the Transport Workgroup’s Metadata Resources and DD 2.1 proposals. | NOTES
Fast Track Subgroup | August 20, 2024
The Fast Track Potential Data Dictionary Additions sheet was reviewed. It shows non-Data Dictionary lookups with more than ten implementations discovered during the mapping suggestions process. The group selected several potential additions for Data Dictionary Workgroup approval. | NOTES
Commercial Real Estate (CRE) Subgroup | August 22, 2024
A proposed structure for three levels of CRE fields and lookups was reviewed and adjusted as shown on the CRE Potential Structure document and the CRE Lookups Proposal spreadsheet. | NOTES
Waterfront Data Elements Subgroup | August 27, 2024
The group reviewed the WaterBodies “shape” proposal that was approved by the Data Dictionary Workgroup. Two new fields were recommended to complete the proposal: a WaterBodyRestrictionsYN Boolean field and WaterBodyRestrictions lookup field. With the addition of the aforementioned fields, the group completed their work and closed the subgroup. | NOTES
Upcoming RESO Workgroup Meetings & 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
- Sep 05: Research & Development
- Sep 09: Transport
- Sep 10: Interoperability
- Sep 17: Fast Track
- Sep 18: Internet Tracking
- Sep 19: Data Dictionary
- Sep 19: Certification
- Sep 25: UPI
- Sep 26: Broker Advisory
Accessory Dwelling Unit Subgroup: If this is an area of interest to you and your business, please join this new subgroup.
Bulk Sale Subgroup: This is a new subgroup to discuss the bulk sale of multiple properties. The idea is to leverage multiple property handling like the multiple unit handling within Residential Income. Bulk sales listings are currently difficult to appropriately and accurately classify as new listings so that they are easily found by prospective buyers who are seeking investment opportunities.
Data Dictionary 2.0 Corrections: Several items have been identified as needing correction.
Flood Information: Adding fields for property flood information to the Data Dictionary was discussed at a recent workgroup meeting.
