MLS & Associations

Why MLSs will soon be a lot more friendly to brokers

MRIS first down standardization path that all Realtor-affiliated MLSs must soon follow

Metropolitan Regional Information Systems Inc. (MRIS) has become the first multiple listing service to be certified to the latest data standards from the Real Estate Standards Organization, a nonprofit that aims to foster software innovation and improve efficiency in real estate transactions through data standardization. In becoming certified, Rockville, Maryland-based MRIS is shining a light down a path that all Realtor-affiliated MLSs must soon follow. According to National Association of Realtors policy, MLSs must implement the latest versions of RESO's data standards within one year of their ratification by the RESO board. Now that the certification process has begun, the board is set to choose a ratification date and start that clock ticking, according to RESO Chair Rebecca Jensen. Currently, the vast majority of MLSs use varying versions of RESO's Real Estate Transaction Standard (RETS) to transmit data in a standardized format to third parties. But MLSs may only be cer...

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