White Papers and Case Studies

Data shares between MLSs are prevalent, complex, and diverse. This 2024 white paper includes an interactive map of the current MLS data shares in the US, visual breakdowns of different data share models, opportunities, challenges, and decision points for industry organizations considering data collaborations.

Data inaccuracy across systems is caused by a lack of an industry wide identifier for licensees. State licenses, association IDs and MLSIDs do not convey a single identifier that creates consistency across systems and geographies.

Customer IDs are often duplicated to accommodate MLS access needs, and this problem is compounded when individuals work across state lines. Licensee listing, sales and roster information across MLSs, advertising portals, associations,franchisors, broker back office tools and services providers are disjointed and unnecessarily complicated.

The RESO Unique Licensee Identifier (ULI) is a model to solve this problem by providing a unique ID for every licensed real estate professional, linked to all real estate licenses held, creating efficiency and clarity across all technology systems.

When a real estate agent posts a listing for sale across the Internet’s vast range of MLS, agent and consumer-direct tools, that performance can be measured. Agents want to be able to inform their customers about their overall listing exposure to potential buyers and compare the effectiveness of their advertising platforms.

This 2020 white paper on RESO’s Internet Tracking Summary Report covers that opportunity. By displaying the engagement statistics about a listing’s performance on each Internet outlet that the listing is advertised on, agents and consumer scan have candid conversations about where their listing promotion is most effective in reaching buyers.

As data elements like green fields become more important to consumers who are making purchase decisions based on the information contained in those fields,it is important that there is commonality in how that data is presented.

The presence of a common schema is critical for interoperability and technology advances in the marketplace. It can help reduce perceived risk for MLS members, provide more comprehensive data to the market, increase buyer confidence, shorten days on market, increase potential for a higher selling price, and provide critical information for the appraisal and financing of these properties.

What if you could tap a button – like youdo to pair a Bluetooth device – and all of your MLS data would instantly populate on your applications instantly? That’swhat open standards are designed to support.

This 2018 white paper discusses more about these standards and their significance in the industry.

Learn how Hive MLS and SourceRE used RESO standards to pioneer a groundbreaking “MLS Data Exchange” that ensures seamless Add/Edit functionality, supports granular data control and allows customization, all while integrating 18 MLSs and associations

Innovation across the MLS technology space isbringing flexibility and opportunities to modularize the systems that serve real estate brokers and agents. DoorifyMLS’s overhaul of its systems to provide a standardized data foundation and a plethora of new technology interfacesand tools for its customers is illuminated in this 2024 case study.

RESO standards enable new tech companies to offer more robust and scalable products than they otherwise would have without standards. Perchwell CEO Brendan Fairbanks presented evidence of this concept while talking about how prop tech startups can use standards to overcome integration and scaling challenges.

What started out as a video marketing project between Restb.ai and AMP Systems quickly evolved into a video-creation tool for real estate thanks to the RESO Data Dictionary and Web API.

Rentals have traditionally been underserved within MLSs. Rental software companies, MLSs and MLS providers are looking to change that. Integrating rental listings into the MLS with standardized rental data will help increase the volume and speed of listing activity for rentals. Including rentals in the MLS delivers more value to consumers by creating a legitimate and proven source of truth for listing data.

Prior to being acquired by Constellation1, anotherimportant RESO partner, Showcase IDX presented “Web API: Opportunities, Challenges and the Next Generation of RealEstate Data” at a RESO conference in 2019.

We collaborated with TRIBUS, a brokerage technology provider, to better understand the practical value that standardized data can deliver to real estate brokerages.

In 2018 we took a deep dive into the vital role that technology partners perform in addressing many of the crucial challenges that brokerages face today.

Homes.com put RESO standards to the test by asking about the real business value of data standards in this 2018 case study. They were able to prove that moving to standardized data and the RESO Web API saved them thousands of dollars in development time, allowing them to redeploy energy to more innovative endeavors.