Jeremy Crawford, CEO of the Real Estate Standards Organization (RESO), just posted this vital reminder about the upcoming deadline for MLS Adoption of the Data Dictionary 1.5:
It’s less than 80 days away: June 21 is the deadline for every NAR affiliated MLS to have the Data Dictionary version 1.5 adopted. The good news is if you have an earlier version – such as Data Dictionary 1.3 – you can update directly to Data Dictionary 1.5 directly, bypassing the Data Dictionary 1.4.
Remember, the Data Dictionary is not a one-and-done proposition: it is a living, growing, always improving standard that needs to be regularly updated and maintained in order to meet the changing business needs for brokers, agents and technology companies utilizing real estate data. That guarantees that everyone receives the greatest benefits from this ever-improving standard.
We are sending this reminder out because before you know it, June 21st will be here. It’s less than 12 weeks away. Those 6 million, 825 thousand, 600 seconds will go faster than you think. Please get ahead of the crowd and don’t wait until the 11th hour to update, but instead, plan ahead and work with your MLS technology vendor or in-house technology expert to get your update planned and scheduled before the deadline. MLSs can leverage RESO’s standards certification services for assistance in correctly adopting the latest Data Dictionary and demonstrate compliance with the NAR MLS Policy by becoming officially RESO Certified through the process. Best of all, certification services are provided as a free member benefit for all RESO members.
Nobody wants to receive a late reminder, so consider this a friendly, early nudge and an offer to help answer any questions you may have about the update. More information can be found on our growingly popular Data Dictionary Wiki here http://ddwiki.reso.org/.
About the Data Dictionary
The RESO Data Dictionary serves as the real estate industry’s “Rosetta Stone” for data fields. The Data Dictionary ensures that MLS systems “speak” the same language so real estate information can be more easily shared and understood.
It’s so vital to the real estate industry that the National Association of REALTORS® mandated that every NAR affiliated MLS (about 700 nationwide) should adopt the Data Dictionary by Jan. 1, 2016 and the RESO Web API by Jan. 1, 2016. Each time an update to the Data Dictionary is released, per NAR MLS Policy, NAR affiliated MLSs have one year to adopt the new Data Dictionary update. The Data Dictionary 1.5 was release on June 21, 2016.
– Jeremy Crawford, CEO
Real Estate Standards Organization