Yesterday, in an open letter to the heavyweights of real estate tech, newly-elected chair of the Real Estate Standards Organization, Michael Wurzer called on them to join together with the real estate community in supporting the Real Estate Transaction Standard (”RETS”).
In response to his letter, he got commitments from all 4 to meet during the upcoming Inman Real Estate Connect Conference in NYC.
Over the past year or two, managing & distributing listing data has become a huge pain in the butt, and by adopting a single standard for listing data, brokers will be able to
- Enter their listings only once.
- Send their listings to just the sites they want, easily.
- Not have to pay someone to manage a bunch of data feeds.
- Make sure their listings are updated right away when something changes.
- Not get calls or e-mails on listings that are already sold or expired.
- Get calls or e-mails on listings as soon as the data is entered.
Sounds good, eh? Sure does to me.
In a follow up post today, Wurzer asked, Do Brokers Care About RETS? I commented that I’m fairly certain that they would, if they knew about it; unfortunately most brokers have NO IDEA what it is and how it can benefit them.
That’s why I decided to get involved and joined the RETS Marketing workgroup.
I’m sure you’ll be hearing more from me as I get more involved, but I think the reaction to yesterday’s post is a step in the right direction and I’m looking forward to getting involved.
(h/t to David Harris for this tweet)
