Do we need more national standards for data sharing? What agent and broker pain points can we solve with more standards for data? Sam DeBord led a discussion at ICLV exploring how adopting modern data standards can make the real estate industry more efficient.

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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.

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