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04/10/2008
| RETS - Real Estate Standards Group Meets with Results The Real Estate Transaction Standard (RETS) working group, sponsored by the NATIONAL ASSOCIATION OF REALTORS® (NAR), met last week in Cincinnati, Ohio to advance development of standards for improved data management and security for the real estate industry. According to Dale Stinton, NAR CFO/CIO, RETS was created to provide a non-proprietary open standard for making it easier to transfer real estate information between authorized parties in the transaction. “Now with more than 170 MLSs and most of the major vendors offering RETS-compliant solutions, RETS has really taken hold in the industry,” said Stinton, who is also the RETS group Chairperson. “We would like to thank those who have contributed to the RETS community to date and strongly encourage others to get involved at this time to help us shape the future of RETS 2.0,” Stinton said. Bruce Toback, RETS Technical Chairperson, said the group is working to improve interoperability among various RETS-compliant solutions. “We approved increasing the number of standard data names for inclusion in the RETS specification. Once adopted by software vendors, this will reduce time to market and ease of connectivity for software vendors since they will already know the standard names of commonly used fields in the data”, Toback said. AMS, a global consulting firm with deep expertise in data security, shared a compelling presentation on the future of real estate data security opportunities and challenges with the attendees of the RETS meeting. Stinton reinforced the message as it relates to the guiding principles of NAR for the management of real estate information. The first ever RETS Developer seminar was offered at the meeting in Cincinnati to provide a fast-start program for software developers who are new to RETS. NAR sponsored this seminar to focus more attention on making it easier for third party software developers to utilize the benefits of RETS. Based on excellent attendance and positive feedback from the participants, NAR intends to offer the RETS Developer seminar again at the next RETS meeting, scheduled for August 3-5, 2004 in Chicago. The RETS working group meets at least three times per year. Myron Adams NAR contact for RETS (312) 329-8346 Kevin McQueen RETS General Info & Business Development (248) 374-1045 |
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