Innovation Winners, 30 Industry Leaders Honored by RESO in Denver

RESO sold out its Spring Tech Summit in Denver last week three times, organizers said. Demand by industry tech and business leaders wanting to attend within the last two weeks forced the nonprofit to re-open registration twice until it pushed to capacity. The Real Estate Standards Organization filled the main ballroom to the brim, with just short of 300 people, at the hip Curtis Hotel in downtown Denver. Art Carter, RESO Chair and head of the largest MLS in the nation CRMLS, noted how far the organization had come in the last five years. One of the most vital breakthroughs: [...]

By |2018-05-02T09:25:39-07:00May 2nd, 2018|Main category, Press Releases, RESO, Technology|0 Comments
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MFRMLS Removes Non-Standard Data in Native MLS

Very few people understand the difference between the data that is in the Native database of an MLS and the data that is shipped out of an MLS. The Real Estate Standards Organization (RESO) has created a Data Dictionary of fields and field enumerations for data being shared with brokers and technology providers. The Native data in the MLS – the data that the broker’s agent enters into the MLS system is custom to every MLS. Not anymore! My Florida Regional MLS (MFRMLS) is among the first MLSs in the country to adopt the same RESO language in their Native MLS. Here’s why this is important.

By |2018-05-02T06:00:45-07:00May 2nd, 2018|Main category|0 Comments
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RESO Is Lighting Up $1 Billion In Savings For The Real Estate Industry

Homes.com recently put RESO Standards to the test.  What is the real business value of RESO Data Standards?  A new Homes.com Case Study shed some serious light on the subject.  They have proven that moving to standardized data and the RESO Web API is saving them thousands of dollars in development time, allowing them to redeploy that energy to more innovative endeavors. We hear often that “nobody” is asking to leverage RESO data standards in local MLS data feeds yet.  This exciting news is going to change that.

By |2018-04-16T09:15:44-07:00April 16th, 2018|Main category|0 Comments
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RESO Confabs are Real Estate’s Club 33

Denver will be my fourth RESO Spring Tech Summit. Compared to many of the RESO leadership, who, like WAV Group, work for companies that are charter members, I’m still a newbie. Even so, RESO conferences have come a long way from the Chicago spring meeting I attended in 2015 at the NAR HQ.

By |2018-03-10T13:05:08-08:00March 10th, 2018|RESO|0 Comments
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Upstream Fixes Many Problems, Not Just One

As a leading consulting firm, WAV Group operates deeply inside the complex technology stacks of MLSs, Brokerages, Franchises, REALTOR® Associations, and technology firms. From this experience, we recognize the pain that these groups face because of the lack of connection between the systems and applications that agents and consumers need. Upstream aims to deliver a better data management foundation for the data that brokers are entrusted for safe handling.

By |2020-01-27T15:05:03-08:00February 27th, 2018|Broker-Agent Information, Main category|7 Comments
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It’s GAME ON for Data Standards in 2018!

The smartest technology companies and most progressive MLSs are leading our industry to a new era of efficiency and profitability.  They are making it easy for start-ups to expand quickly from market to market and serve the innovation needs of brokers.  These leaders are supporting well-established companies to evolve their data platforms and opening the door for standardization in EVERY market in the country.

By |2018-02-20T06:17:07-08:00February 20th, 2018|Broker Technology Research, Main category|0 Comments
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NAR Gets Serious About RESO Compliance

The National Association of REALTORS® Chief Executive Officer, Bob Goldberg has been making some impressive moves this week. The first move is to send threatening letters to about 90 MLSs who have not adopted the RESO Standards or are not adhering to the MLS Policy required to maintain NAR affiliation.  Some of the MLSs are being cited for not being certified with the RESO Data Dictionary and some do not yet have availability with the RESO Web API. While many MLSs still believe that RESO is not critical to their business, we hear from brokers regularly that they are requesting [...]

By |2018-02-02T10:21:56-08:00February 2nd, 2018|IDX, MLS Insights, NAR, RESO|0 Comments
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NAR’s Goldberg Kills Amp and Powers Up Upstream

We’re starting to see the impact of a new leadership team at the National Association of REALTORS® led by Bob Goldberg, a strategic, yet practical leader that is SERIOUS about making the industry function more effectively.  He also seems to be critically evaluating every investment in technology and making some bold moves to re-focus efforts. NAR announced yesterday that is shutting down development on its Advanced Multilist Platform, or AMP. AMP was under development for a few years at a burn rate of $6 Million per year. The concept behind AMP was solid – consolidate MLS data into a single [...]

By |2018-02-02T09:43:31-08:00February 2nd, 2018|Broker Technology Research, How to Make Strategic Planning Really Work in your MLS, Main category, MLS Insights, Technology|0 Comments
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RESO: Fairy Tale or the Future?

It’s hard to argue that standardized input, distribution and display of real estate information is not the desired path for our industry to follow. There aren’t many technology companies that would PREFER to map nearly 700 individual MLS data sets if they have the data and a choice. The Real Estate Standards Organization has set out on a path to remove millions of dollars in cost to real estate technology development and deployment while encouraging more innovation.   Download the results of the study here: When you get past the obvious technical advantages what does it really MEAN to have data [...]

By |2018-01-08T12:00:38-08:00January 8th, 2018|Main category|1 Comment
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CRMLS, MetroList and High Desert all Go Platinum

When RESO - Real Estate Standards Organization - announced the release of Data Dictionary 1.6, the group that is fueling future innovation in real estate unveiled the biggest update in the history of the RESO Data Dictionary. Hundreds of new data elements and massively important new capabilities were added. Data related to Accessibility, Showing Data, Saved Searches, Prospecting, Internet Tracking, Structure Types, and standardized Universal Identification of Organizations can all be delivered through this new Data Dictionary standard. It truly is real estate's Rosetta's Stone. Now three of the top MLSs in the nation -- and not surprisingly all out of California [...]

By |2018-05-03T21:22:39-07:00October 13th, 2017|MLS Insights, Press Releases|0 Comments
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$25,000 in Cash for Tech Startups via New RESO DataComp

It’s the first RESO DataComp, a data competition sponsored by Realtors Property Resource®. Prizes total $25,000, courtesy of prize sponsors that include FBS, the creators of Flexmls and Stratus Data Systems, Inc. It’s set to begin on September 17, at 12:00 a.m. Pacific Time. It will end with live demonstrations before a distinguished panel of industry judges from 1:00 p.m. to 4:30 p.m. in San Diego on October 17  during the RESO fall conference, October 17-19, being held at the uber-hip Pendry. That’s right, unlike a Hackathon, this data competition will last a month, and unlike many other real estate data events, this one is [...]

By |2018-05-03T21:22:39-07:00September 14th, 2017|Main category, Marketing, MLS Insights, Technology Evaluation|0 Comments
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Looking for Job Security? Brokers are Looking for THIS!

By far, an IDX feed is the most heavily used broker tool offered by MLSs today.  Most brokers offer IDX data including active listings and many also include SOLD and PENDING listings thanks to the NAR IDX policy changes which allow brokers to leverage all statuses. One progressive MLS recognized how important IDX feeds are. RMLS in Portland, took the proactive step to transition every one of their IDX feeds to a RESO Certified collection of data.  This bold step allows all brokers to take full advantage of the rich collection of data relevant to their market available with Platinum [...]

By |2018-05-03T21:22:40-07:00September 5th, 2017|How to Make Strategic Planning Really Work in your MLS, Main category, Marketing, MLS Insights|0 Comments
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