The RESO Data Dictionary Impact on the MLS CMLS Executive Workshop Robert Gottesman, Executive...

The RESO Data Dictionary

Impact on the MLS

CMLS Executive

WorkshopRobert Gottesman, Executive Director

Real Estate Standards Organization

RESO is at Work

• Data Dictionary

• Certification and Compliance

• RETS Web API−New API geared for mobile

devices

• Updating RETS 1x Platform

• Property Unique Identifier

RESO standards are free to use and in the public domain

Data Dictionary(The Great Translator)

• The ‘Rosetta Stone’ for Real

Estate−Globalizes most common fields

• Field Names• Data Types / Data Lengths• Definition

• No Need to Add Fields−If you have ‘it’ .. Then do it the Data

Dictionary way

• MLS Benefits−Share Prospects, Contacts, Saved

Searches−Faster/easier transition to new MLS

Systems

• Broker −Less investment interfacing with

multiple MLS

• Agent−New Software and Updates available in

days (rather than months)−Greater Software Selection

Tangible Benefits

(… Data Dictionary)

What’s Happening ‘Now’ with the Data Dictionary

• Getting Feet Wet−Data Dictionary 1.3−All loose ends complete .. Ready to

deploy

• Early Adopters−10+ MLS are working on next steps

• In Beta with RETS 1x and Web API

• 4. RESO members here??

(… Data Dictionary)

Implementing Data Dictionary

• Recommended Steps1. Data Dictionary Starter Kit2. Meet with MLS Committees &

MLS System Provider3. Transition Plan4. Implement in Test Site5. Announce Changes to Brokers,

Agents, Vendors6. (and finally) .. Production

(… Data Dictionary)

Hurdles to Overcome

• MLS carries the Burden

• Areas of Impact!−Changing Data Types

−Changing Data Lengths

−Changing Lookups

• When do we see the Benefits?−Not until many MLS convert

• Goal: 100% Adoption

Step #1 - Starter Kit

• So what is a Data Dictionary Starter

Kit?−Spreadsheet that helps map your MLS

data to the Data Dictionary

• Where can I get the Starter Kit?−bobg@reso.org .. Or www.reso.org

• What do I do when I’m done?

• Where can I get help?

Supporting Standards• Add RESO Standards to ..

−MLS Provider Contracts−IDX / 3rd Party Subscriber Agreements

• Join RESO, Become a Member!−Stay ahead of the game

• Participate in Active Workgroups

−Network with Industry Leaders & Technology Experts

−Keep Standards moving forward

What’s Next …

• Takeaways−Start a Data Dictionary

Conversation

−Download Data Dictionary Starter Kit

−Make your MLS Data Dictionary Compliant!

−Promote RESO standards

• Make a Difference!