MLS & Associations

MLSs will soon speak the same language

Hundreds of MLSs expected to follow MetroList in obtaining 'Data Dictionary' certification

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

By the end of this year, hundreds of multiple listing services must take a step that is widely expected to set the stage for tech developers to build more, better, and cheaper agent and broker tools powered by real estate data. Northern California-based MLS MetroList Services Inc. is the first to take that step, obtaining certification for a set of real estate data standards developed by the nonprofit Real Estate Standards Organization called the RESO Data Dictionary. Dubbed the "Rosetta Stone" for real estate data, the Data Dictionary is a standardized set of data terms for the most common descriptions of property characteristics used in the industry. MetroList, which has more than 16,500 members in seven counties, implemented the Data Dictionary with the help of its MLS system vendor, Rapattoni Corp. Rapattoni's MLS products serve about 200,000 users nationwide. Brian Tepfer "The RESO Data Dictionary ... ensures that each MLS system speaks the same language, using a c...