Black Knight, Move and Innovative MLSs Open New Era in Real Estate Tech
28 Gennaio 2021 - 6:29PM
Signaling a landmark step forward for real estate technology,
several leading industry organizations have become the first to
leverage new paradigm-changing standards via the Real Estate
Standards Organization (RESO).
The first organizations to implement and certify on the latest
standards for their customers are:
- Move, Inc. with ListHub for Web API and Data
Dictionary standards
- UtahRealEstate.com, Utah’s largest MLS, on its
in-house technology system for Web API and Data Dictionary
- Black Knight, Inc. on its Paragon platform
with Greater Alabama MLS for Web API
- Perchwell, a technology vendor for New York
City’s Residential Listing Service, for Web API and Data
Dictionary
- Hawaii Information
Service (MLS Hawaii) on its in-house technology system for
Web API and Data Dictionary
RESO transformed its two primary standards over a period of two
years from a multitiered rating system into a single harmonious
model. It also built an entirely new certification stack that
provides an automated platform for testing. The tools are available
to any organization through RESO’s GitHub
repository. The result is direct access to development
insights and faster certifications. | WATCH
VIDEO
The newly unified standards are Data Dictionary
1.7 for structuring information in a common language and
Web API Core 1.0.2 for sharing data via a
consistent set of rules.
“Our organization has made a commitment to rapidly adapt to RESO
standards in order to promote technology innovation in real
estate,” said Brad Bjelke, CEO of UtahRealEstate.com, which
increased its RESO standard field count by 40 percent as a first
adopter of Data Dictionary 1.7. “By requiring all of our data
licensees to use our RESO-compliant API, we believe that we are
revolutionizing the data distribution process with a keen focus on
efficiency, security and data accuracy.”
RESO is aggressively making real estate standards reporting more
accessible. Those efforts have resulted in a new industry resource
where users can view information about every Multiple Listing
Service in the industry: the RESO MLS Data
Map.
Certification reports going forward will have more than just
pass/fail results. Detailed information on organizational
technology systems will be visible on reso.org starting with the
2021 slate of certifications. These reports will include metadata,
standard resources, standard fields and local custom fields.
Individual certification reports will allow technology companies to
plan for new partnerships and integrations with greater speed. |
WATCH VIDEO
The newly certified companies come from a wide range of industry
roles. Move, Inc. is a subsidiary of News Corp (NASDAQ: NWS) and
offers the listing management platform, ListHub; operates the real
estate listings website, realtor.com; and partners with REA Group
Limited, a multinational digital real estate advertising company
based in Melbourne, Australia. Black Knight, Inc. (NYSE: BKI)
provides technology and analytics to the mortgage and real estate
industries, including MLS enterprise software systems. Perchwell
provides the technology that supports New York City’s Residential
Listing Service. Hawaii Information Service and UtahRealEstate.com
are MLSs with their own proprietary technology systems.
“We are excited that ListHub is a first adopter for RESO’s most
recent data standards,” said Rachel Morley, Chief Product Officer
with Move, Inc. “Implementing national data standards is vital to
the real estate industry.”
"At Black Knight we know how important it is to move the
industry forward with the RESO Web API, which is why we've made it
our priority to lead the way with our MLS customers on our
platform," said Chip McAvoy, Vice President at Black Knight, Inc.
Added Greater Alabama MLS CEO Amanda Creel, “We are proud to be
providing the latest RESO standards. We know how important quality
data is to our members and the real estate industry.”
RESO has also previously certified non-MLS systems for
BuildersUpdate.com, a housing marketplace for new construction, and
eXp Realty, a cloud-based brokerage. Opportunities to adopt
standards will expand in 2021, and the push has crossed borders.
The Municipal Property Assessment Corporation (MPAC) in Ontario,
the largest property assessment organization in North America, has
adopted the RESO Data Dictionary and is moving toward
certification. MPAC is also bringing the RESO Universal Property
Identifier (UPI) into Canada.
The momentum behind RESO adoption is palpable. MLS and broker
technical staff, vendors and technology partners should have RESO
standardization at the top of their strategic goals. The benefits
of 20 years of real estate standards work is coming to
fruition.
About RESORESO provides the foundation for
streamlined real estate technology through the creation and
certification of standards. Our member organizations include MLSs,
brokerages, REALTOR® associations and technology partners serving
more than one million real estate professionals. Contact
claire@reso.org for more information.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a261419f-c3ef-45f9-8678-beb71785ed90
https://www.globenewswire.com/NewsRoom/AttachmentNg/7fd85c46-5733-4c50-8a70-741bc10971cc
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