In my RETS Meeting Recap, I didn’t spend a lot of time discussing RETS 1.8 passing. I wanted to circle back and ask the question, “Why should brokers care about RETS 1.8 passing?” Rather than just post my opinions, I sent the question to a number of RETS luminaries so I could post differing perspectives – but I got basically the same answer from Steve Clarke (Corelogic) and Sergio Del Rio (t4bi).
Both Steve and Sergio focused on the improvements to RETS Update – a feature that allows RETS clients to send listings to the RETS server, rather than just receiving them. As Sergio put it, “Then Brokers could have their own software that they could write for their agents that sends listings directly to the MLS. They would look to the Realtors as having a more useful part in the whole process of listing management. This is especially important in lean times when Realtors are surely wanting to know where their money goes. This would also allow the broker to ‘hold’ listings in their own systems for a period of time before sharing them out to the MLS as a whole allowing to circulate among themselves first.” With new standards comes lots of new opportunity – it will be interesting to see if there’s a renewed push either from brokers or software vendors to create solutions that take advantage of the opportunity.
Steve also wanted to point out that the release of 1.8 shows that the standards effort can be effective. To quote Steve, “Significant technical contribution from various server vendors and the RETS community members have been formalized into what is 1.8. I was very concerned with the big push to the “next generation” standard, that much of this work would have fallen by the wayside. This would have discouraged many who have been contributing to the standards efforts for many years.” I’d agree with that, though RETS 1.8 took a long time to get to the finish line; I’m looking forward to what the new board does to make the standards efforts more nimble.
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