RESO Monthly, November 2024: Fall Conference Recap, 2025 BOD Election, Data Dictionary 3.0 Closes and More!

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Letter from the Chair

The RESO 2024 Fall Conference was our most attended event ever because of the combined efforts of 200 companies from all over the world.

Change is a certainty in organized real estate and technological advancements are never going to slow down. Embracing that inevitability is the surest way to create new and better ways to do business. This is what RESO does best.

During this event, attendees widely asked for more advancement in RESO’s identifier products, bringing uniqueness to licensees, parcels and organizations to avoid duplicate entries across systems.

This was most strongly stated during the Broker Advisory Spotlight session and the famed Pain Points session.

• Brokers want to be able to track agent activity across multiple MLSs.
• Agents want to trust that a property is not a repeat with an entirely different price point or Days on Market calculation.
• Data consumers want to know the originating organization for a data source.

RESO has essentially responded to these calls for action in real time.

• The Research & Development Workgroup brought the Unique Licensee Identifier (ULI) back into the spotlight
• The UPI Workgroup completed a widely implemented new version of the Universal Parcel Identifier (UPI)
• The Unique Organization Identifier (UOI) has become an integral part of RESO certification and is always improving.

Product development grows from member feedback. Case in point, RESO Analytics now has alignment reports to compare data alignment versus the industry average, between MLS providers and between markets.

These tools were created due to member desire expressed at RESO conferences for greater transparency to help with questions around data shares, about which fields have data in them and regarding which markets are ripe for product expansion.

New ways to be certified have picked up steam, too. RESO Common Format (RCF), Add/Edit, EntityEvent/Webhooks and Validation Expressions are all additional certifiable endorsements asked for by the community. At the same time, two of RESO’s cornerstone certifiable products – the RESO Web API and Data Dictionary – are getting stronger every year.

Data Dictionary 2.0 certification is now in full swing, and Data Dictionary 3.0 was tentatively closed during the meeting, pending Board of Directors ratification. And the RESO Web API has crossed the 50% threshold of MLS feeds converted to Web API, a remarkable achievement for an industry too often criticized for being slow to change.

RESO conferences are true working conferences, and there is still an irreplaceable value in meeting face-to-face. In these moments – over discussions fueled by passion and innovation – breakthroughs are born.

At the core of our gatherings is a dedication to an increased adherence to data standards that ensure that we spend less time on the basic building blocks of doing business and more time on making our businesses uniquely purposeful.

As we look to the future, let’s continue to embrace these opportunities to convene, collaborate and celebrate. Let’s harness the power of our collective knowledge and forge a path toward a more innovative industry.

Warm regards,

Rebecca Jensen
Chair
2024 RESO Board of Directors

RESO 2024 Fall Conference Recap

Judging by initial feedback, the RESO 2024 fall conference came together well and offered many delights for those who participated.

None of this happens without your dedication as volunteer leaders, workgroup chairs, roundtable leaders, sponsors, presenters, attendees and members.

As we build stronger bridges and interoperable superhighways with a common framework of underlying data, our businesses will become stronger and all of real estate will benefit from our work.

RESO members can see slide decks and workgroup notes in RESO’s Confluence Collaboration System. | VIEW PRESENTATIONS

Videos have been posted on the RESO YouTube channel and on the RESO website along with an event gallery.

Keep an eye out for session recaps as blog posts as we lead up to our next conference in Tucson, Arizona, April 15–17, 2025.

It was an incredible event in Frisco, Texas, and we thank every company listed below for their very human support of better tech during the RESO 2024 Fall Conference.

RESO 2025 Spring Conference

In April 2025, RESO is returning to the desert oasis of Tucson, Arizona! | VIEW EVENT SITE

2025 RESO Board of Directors Nominees Announced

We are pleased to announce the nominees for the 2025 RESO Board of Directors. The five open seats in this election and nominees for each include:

1 Open Seat – Class B (Technology Companies, Developers, Partners & Consultants): $25M and above annual revenue

• Michael Hayes, Executive Director, Industry Development, Homes.com
• Matt Hendricks, Senior Director – Industry Affairs, Zillow

2 Open Seats – Class C (MLSs and REALTOR® Associations): Under 25,000 subscribers

• John Breault, VP, MLS & Member Services, State-Wide MLS (Incumbent)
• Jason Jakus, VP of Technology & MLS, Florida Gulf Coast Multiple Listing Service
• Ninve James, SVP, Residential Brokerage Services & Products, Real Estate Board of New York (REBNY)
• Chris Lambrou, CIO, Metro MLS
• DaVina Lara, CEO, bridgeMLS
• Lisa Marshall, CEO, REALTOR® Association of South Central Wisconsin
• Alireza Memar, Real Estate Broker, New Jersey MLS
• Greg Moore, CTO, Regional Multiple Listing Service (RMLS) (Incumbent)
• Jason Pierce, CTO, Maine Listings
• Richard Renton, CEO, Triad MLS
• Vicky Sampah, Realtor/CEO, Ghana Real Estate Professionals Association (GREPA)

2 Open Seats – Class D (Real Estate Brokerages, Brokers, Agents & Appraisers)

• Caitlin McCrory, Head of Industry Relations, Anywhere (Incumbent)
• Roberto Vannucchi, SVP, Head of Brokerage, homegenius Real Estate
• Joe Wilhelmy, VP, Business Technology, RE/MAX (Incumbent)

Answers to questions posed to nominees can be found on RESO’s website, including:

1. What are the three most important priorities or initiatives that RESO should pursue during the next two years?
2. How do you see your contributions as a board member being utilized for realizing these priorities?

Each RESO member organization may cast one vote. The ballot will be sent to the primary contact on your account. If you are not sure who that is, or if you need to make a change to your primary contact, email support@reso.org.

Voting is from November 11 at 7:00 am (PT) to December 1 at 11:59 pm (PT).

BOD ELECTION INFORMATION

Now is the Time for RESO Annual Membership Renewal

RESO renewal season is upon us, and your support is critical to the development of standards that create efficiency throughout the industry. Invoices went out on October 1 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

Data Dictionary 2.0

• Retroactive Consistency Changes (see Nov 2024 Product Updates for more details)
  • Several fields changed from String to Lookup
  • 2.0 Fields changed to use “Id” instead of “ID” per PascalCase convention
• Approved Enumerating Time Zone Fields with Lookups of the tz database

Data Dictionary 3.0

• Approved Commercial (CRE) Subgroup Proposal
• Approved HasStreamYN addition to Add/Edit with Media
• Approved FeedTypes/FeedRules Fields Proposal
• Concessions Fields removed
• Concessions fields previously approved postponed to the next version release following 3.0
• Closed by the Data Dictionary Workgroup at the RESO 2024 Fall Conference, currently in DRAFT status and awaiting Board of Directors ratification at its next meeting

Web API Leaderboard Update

Vendors, brokers and agents continue to  increase their usage of MLS Web API data feeds.

Where it was once less than 5% of the industry in 2021, MLS feeds converted to Web API now cover 51.9% of U.S. subscribers, and MLS feeds committed to Web API conversion cover 70.4% of U.S. subscribers.

RESO tracks the migration to the improved Web API standard. If your organization is not listed, please contact us to be included and consult our free Web API Transition Guide for advice.

SUBMIT YOUR PROGRESS

New Members

AgentMatch.AI
AgentMatch.AI uses AI technology to analyze agent performance and matches consumers with an ideal agent to meet their needs. This personalized and non-invasive service that puts consumers in control of their home-selling journey is launching soon.

Chirpyest
Chirpyest creates a shopping platform and peer network that provides earning power to anyone who has style. With their browser extension, users can add products from thousands of sites to their boutique and earn cash back when people buy them. The app empowers consumers to earn money for shopping and sharing and connects brands to engaged consumers and small businesses.

Final Offer
Final Offer provides listing agents and their sellers with the opportunity to sell their properties through a fully transparent, competitive platform that drives urgency from the buying community. They offer the ability to inform buyers what is important, allowing sellers and their agents to act more strategically while giving buyers the clarity and confidence they need to make an offer they know will be accepted.

PorchLight Real Estate Group
For over 15 years, PorchLight has provided a personalized and comprehensive approach to real estate in the greater Denver metro area, Boulder and beyond. Their brokerage provides a detailed, knowledgeable, full-service experience made for both buyers and sellers.

RealtyHive
RealtyHive offers customized traditional and event marketing that delivers results tailored to private sellers, financial institutions, commercial clients, brokers, agents and corporate clients. With 32 years in the real estate community, they now work with some of the most esteemed names in banking and the private sector.

Repliers
Repliers seeks to democratize access to cutting-edge technology, ensuring that real estate professionals and companies, regardless of their size or resources, can compete through a level playing field. By simplifying feature integration and allowing developers to maintain control of their UX/UI, they empower their clients to bring new ideas to market faster, while making the process more cost-effective, resulting in quicker development cycles, reduced costs and the ability to adapt to changing market demands with greater agility.

The STEM Practice Company
The STEM Practice Company is focused on building AI experiences without GPUs, working with companies that are building products that use “better math” so AI can run just as well on CPUs with much lower cost, lower heat and much higher reliability without the supply chain challenges of GPUs.

Upfront
Upfront empowers real estate agents with seamless cash flow solutions that remove financial barriers and drive their success. Their vision is to redefine real estate finance by becoming the leading platform for fair, fast and accessible financial services.

Welcome to RESO!

RESO@

We will be at the NAR NXT conference in Boston, November 6–10.

You will find us in MLS meetings and on the expo floor at Booth #1144.

Stop by for our latest collection of swag and to chat with us about our Working with Real Estate Data (RED-B) course and designation, certification, the Web API Leaderboard, alignment reports and 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:

• Ishay Grinberg of Rental Beast
• Teresa Grobecker of Consortia
• Patrick Pichette of The Canadian Real Estate Association

RESO Workgroup Meetings

Transport Workgroup | October 7, 2024
The group reviewed Semantic Versioning (SemVer), the different types of changes it includes and documentation of the standard as it relates to Data Dictionary and Transport. The group voted to create a ticket for the Days on Market Client Auto-Increment proposal. Data Provenance and Subscriptions and Filtering were also discussed. | NOTES

Bulk Sale Subgroup | October 9, 2024
The group kicked off its first meeting by identifying the requirements needed for a standard to convey a listing of bulk sales or a “package” of properties. A package listing data shape was identified as the best method to tackle the goal, and tentative fields for the shape were identified. A working proposal will be prepared by RESO staff. | NOTES

Accessory Dwelling Unit (ADU) Subgroup | October 10, 2024
A vote was taken to keep the group’s scope focused on additional living quarters and to not bring in other additional structures such as garages, sheds and workshops. The fields of the Additional Living Quarters Shape proposal were reviewed and condensed. The group plans to move on to lookups at the next meeting. | NOTES

Data Dictionary Workgroup | October 11, 2024
The meeting covered several significant changes to the Data Dictionary, including errata to version 2.0. The items approved for 2.0 were consistency improvements to use the PascalCase standard of “Id” for identifier fields, making Office Resource location fields lookups, and to adopt the IANA tz database to populate time zone fields. Additionally, three proposals were approved for version 2.1, including the Commercial (CRE) Subgroup Proposal, HasStreamYN Addition to Add/Edit with Media and the FeedTypes/FeedRules Fields Proposal to support Single Feeds. | NOTES

Fast Track Subgroup | October 15, 2024
The group reviewed the Fast Track Potential Data Dictionary Additions sheet, which shows non-Data Dictionary lookups with more than ten implementations that were found during the mapping suggestions process. | NOTES

Broker Advisory Workgroup | October 22, 2024
This spotlight was the most-attended one yet, with at least 240 people in the room and over livestream, and it featured Matt Hendricks, Senior Director of Industry Affairs at Zillow. A primary takeaway from the discussion was the need for RESO to renew its efforts toward building a Unique Licensee Identifier (ULI). Hendricks cited the challenge of generating meaningful agent stats within data shares between multiple MLSs due to the lack of a standard unique identifier as a major industry pain point.

Interoperability Workgroup | October 22, 2024
The meeting included an overview of the mission and scope of the group. An update on the tasks the group is working on was given, including the Payloads Tagging Business Case and the RESO Blueprints (Best Practices Guides). Additionally, the chair explained the workgroup’s role in creating standards and how it fits in the RESO architecture. | NOTES

Research & Development Workgroup | October 23, 2024
The meeting included an overview of the group’s mission and role in RESO standards creation. There was an update on active business cases, including New Construction Development and Licensee Display Rules. Additionally, the Unique Licensee Identifier (ULI) was discussed, as energy is rebuilding to grow that product out further. | NOTES

Universal Parcel Identifier (UPI) Workgroup | October 23, 2024
The ratification and adoption by tech companies of the new UPI v2.0 was the highlight of the meeting, including a focus on identifying international standards for Country Subdivisions and local idiosyncrasies for accurate implementations. Subgroups to move these initiatives forward will commence soon. | NOTES

Data Dictionary Workgroup | October 23, 2024
Data Dictionary 3.0 was closed in the new calendar process of yearly releases. Planned adoption of concessions fields was moved to the following version release to review shifting market implementations. RESO versioning and how it applies to the Data Dictionary was explained. Structural changes to the reference sheet and wiki coming with version 3.0 were outlined. | NOTES

Upcoming RESO Workgroup Meetings and Key Topics

Here is a list of meetings on the slate for the next month, including the major topics for discussion. Join a workgroup to be part of the conversation! Members can review workgroup agendas in the RESO Workgroup Collaboration System.

Nov 4: Transport – Days on Market Calculation Proposal, Provenance and Subscriptions and Filtering

Nov 12: Interoperability – Offer Management (OM) user stories, Best Practices Guide for Offer Management Systems

Nov 13: Bulk Sale – Completing a working proposal for a Bulk Sale data shape

Nov 14: Accessory Dwelling Unit (ADU) – Define assumptions related to Residential Income Properties vs. Properties with Additional Living Quarters, Commercial Sale, Commercial Lease and the omission of Mobile Property Type

Nov 19: Fast Track – Custom local field and lookup review for potential Data Dictionary additions

Nov 20: Internet Tracking – Standards for self-reported tracking data, product usage and engagement numbers

Nov 21: Data Dictionary – Legacy and Deprecated Data Elements (RCP-45) Proposal, Representation of Private Pool Features and Community Pool Features, Attached and Detached Garage Proposal / Parking Shape, International Currency, Energy Performance Certificates for the EU.

Nov 21: Certification – Possibilities include testing rules for Data Dictionary 3.0 and the Subscriptions and Filtering proposal for EntityEvent

Certification Update

Data Dictionary 2.0 and Web API Core 2.0.0 are the latest RESO standards. RESO Common Format (RCF), Add/Edit, EntityEvent/Webhooks and Validation Expressions are additional certifiable endorsements. All results are viewable in RESO Analytics.

Here are the latest entries:

Data Dictionary 2.0
Bay Area Real Estate Information Services (BAREIS)
Canopy MLS (Canopy Realtor® Association)
CoreLogic
Heartland MLS
Highlands-Cashiers Board of REALTORS®
Lake of the Ozarks Board of REALTORS®
REsides
San Francisco Association of REALTORS® MLS
Silver City Regional Multiple Listing Service
Western Arizona REALTOR® Data Exchange (WARDEX)

RESO Webhooks 1.0.0
FBS

RESO Common Format 2.0
FBS

RESO Common Format 1.7
Pearl Certification
planetRE

View the certification status of all MLSs on the RESO Certification Map. Please send any address or subscriber count changes to certification@reso.org.

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.