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!