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(PRWEB) May 11, 2012

Morrisville, North Carolina Real Standards Organization (RESO) Real announced a first project, the Data Dictionary 1.0, an important role in encouraging the adoption and use of real Estate Transaction Standard (RET).

RESO Approval Board

Data Dictionary 1.0 is the result of the tireless efforts of the technical working group led by Rob Larson, CRMLS CIO, said Travis Wright, executive director of RESO. This data set of 503 fields covering six types of properties were examined by the best minds in our industry, and this version to prepare the ground for rapid adoption throughout the industry.

With over 900 Multiple Listing Service (MLS) in the United States, many local variation describes the attributes of the property emerged and led to inconsistent recording of real estate. For instance, if a class can be called a ranch, wandering, or a single story. The data dictionary is created by measuring the changes consolidate RETURN to define the general terms and conditions relating to the variance.

Data Dictionary provides definitions for common real estate by Real Estate Transaction Standard (RET), a protocol used by many service providers to exchange MLS data. The standardization of data dictionary 503 that the data and the values ​​that define the most common descriptions of the attributes of the properties in the United States as used by real estate agents, multiple listing services, and software developers who create applications for consumers and Realtors.

Wright said data dictionary is the latest evolution of the terms and common values ​​that can be easily adopted by all stakeholders in the process of real estate transactions technology. The greater the adoption by the industry, it will be easier for software developers and vendors to create products that work seamlessly in all environments MLS, Wright said.

Nearly 100 real estate

standards of technical experts throughout the United States to help create the data dictionary. The project began during the technical sessions at the conference in Chicago in September 2011 and Data Dictionary Workgroup RESO team, led by Larson, continued training of the dictionary through invitations to conferences and meetings in person.

Data Dictionary 1.0 RESO

completed during the spring conference April 18 to 20 at the headquarters of the National Association of Realtors (NAR) in Chicago. RESO has devoted several sessions to discuss and complete the data dictionary with over 93 participants at the conference, more than half of which are Made Founders.

official release of the data dictionary RESOs is certainly an important goal for the property sector, said Rebecca Jensen, president and CEO MADE Utah Real Estate.com. Would not have been possible without the contribution and leadership of our Founders, who realize the importance of standards of efficiency and innovation.

next collaborative effort involving the creators of the leading real estate API. RESO will unify and modernize the technology is responsible for providing the data, completing the last step necessary to plug and play automation. The project should be adopted at the Fall Conference MADE.

About

real Estate Standards Organization (RESO)
vision
Real Estate Standards Organization is to promote and enhance the data and standards accepted by all professionals engaged in the real operations are fully automated through real tangible Real Estate Transaction Standard (RET). RESO focus our efforts to ensure an environment for the development and implementation of data standards and processes that facilitate innovation, ensuring portability, eliminating redundancies and achieve maximum efficiency for all parties involved in real estate transactions. RESO formed in November 2011 as an independent non-profit trading after the previous function as part of the National Association of Realtors?. RESO membership is currently 40 members, including NAR, Multiple Listing Service?, The Association of providers of real estate and technology.

For further information on MADE, call 919-459-2070 or visit http://www.rets.org.

MADE managed by IMI Association Executives Raleigh, an association management company, NC-based. For more information, visit their website http://www.imiae.com.

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London, United Kingdom (PRWEB) January 25, 2012

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