Technology Week in Review
By Travis Saxton, REAL Trends
Data Dictionary will Bring Common Vocabulary to For-sale Real Estate
Real Estate Standards Organization Expects Widespread Adoption
This topic has created quite the buzz for the real estate industry. While it's still in its infancy the project is still several months to possibly a year or more away. While its completely necessary, I don't think it's worth making any changes for or prepping your technology solution to accommodate just yet.
Here is the overview on Inman's Site:
Enter the Data Dictionary, a project by an industry standards organization that seeks to create some common vocabulary for fields used to represent real estate data in MLSs.
Board members for the Real Estate Standards Organization (RESO), a group that has a mission to foster the development and use of data standards across the real estate industry, will meet in April to consider formal adoption of the Data Dictionary, and the board hopes adoption of the terminology will be rapid and far-reaching.