BrokerageIndustry News

ListHub embraces new RETS syndication standard

September implementation will 'accelerate adoption'

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Real estate listings syndicator ListHub says the listings it distributes to third-party websites like Zillow and Trulia will contain richer data -- including identification of the type of entity that authorized the listing's syndication -- when it adopts a new industry syndication standard in September.Most multiple listings services (MLSs) collect and distribute listing data to member brokers using the Real Estate Transaction Standard, or RETS. To make it easier for brokers, MLSs and data distribution platforms to work with third-party websites, the Real Estate Standards Organization (RESO) has also developed a syndication standard based on RETS. The most recent version of the RETS syndication standard increases the number of marketing fields that are mapped in the RETS format. By adding additional marketing fields, brokers and agents are able to better advertise their properties for sale with more detail and accuracy, and consumers will have access to richer information online, Lis...