RESO - Real Estate Standards Organization

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For instance, a single level home might be referred to as a "ranch," "rambler," or "single story." The Data Dictionary is a procedure developed by RESO to combine the variations by defining common terms and relating those terms to the variances. The Data Dictionary offers common definitions genuine estate information based upon the Realty Transaction Requirement (RETS), a procedure used by many MLS data exchange service providers.

Wright stated the Data Dictionary is the most recent evolution of common terms and values that could easily be adopted by all innovation stakeholders in the realty deal process. "The higher the adoption by the industry, the easier it will be for software application developers and vendors to create items that will work perfectly in all MLS environments," said Wright.

added to the creation of the Data Dictionary. Check For Updates began throughout technical sessions at the September 2011 RESO conference in Chicago and the Data Dictionary Workgroup group, led by Larson, continued the development of the dictionary through conference calls and in-person conferences. RESO settled the Information Dictionary 1. 0 throughout the April 18-20 spring conference at the headquarters of the National Association of Realtors (NAR) in Chicago.

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"The main release of RESO's Data Dictionary is certainly a milestone achievement for the property industry," stated Rebecca Jensen, RESO chair and CEO at Utah Real "It would not have actually been possible without contributions and management from our Charter Members, who recognize the significance of requirements in driving effectiveness and development." The next collective effort includes the developers of leading realty API's in the industry.

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This job is expected to be adopted at the Fall RESO Conference. About the Realty Standards Company (RESO) The vision of the Realty Standards Company is to promote and improve accepted information requirements and processes made use of by all experts in the fully automated property deal through the Property Deal Standard (RETS).