How do you thrive in today’s luxury market? Don’t miss Inman’s Luxury Connect, October 15-17, 2019, in Beverly Hills, California. Walk away with the marketing, technology and luxury intelligence to grow your business while expanding your referral network with built-in networking sessions. Join 500 of the most notable names in luxury real estate. Reserve your spot here.

Do we need more national standards for data sharing? What agent and broker pain points can we solved with more standards for data?

“When we talk about these data standards, this is not just a real estate industry thing,” said Sam DeBord, CEO of RESO, during a panel at Inman Connect Las Vegas. “The smartphone experience exists because the world wide web is built on data standards. That’s why your Facebook and Amazon and Google and everything you use work together.

DeBord lead a discussion at ICLV with folks who have been working to build tools that bring the smart phone experience to the industry: Katie Smithson, the director of enterprise services at W+R Studios, which decided to make the transition to a modern API; Frank Major, the CTO of Bright MLS who tapped into his background in fintech to develop tools based on mortgage industry standards; and Bill Fowler, the senior director of industry relations at Compass.

These companies are developing tools at the MLS and brokerage level, as well as consumer facing tools. “This is the modern way to share data,” said DeBord.

Watch the full video above to learn how better data standards can make the real estate industry more efficient.

Don’t miss out on the latest Inman Connect videos published daily. Discover what’s next and grow your business by watching on replay or joining us at upcoming events for live learning and networking. Session videos, livestream and event discounts for Connect are all exclusive to Inman Select subscribers.

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