Real Estate Transaction Standard (RETS) is a deprecated data standard that was used by the real estate industry in Canada and the United States to facilitate the exchange of data. RETS was launched in 1999 by the National Association of Realtors and related groups.[1]
RETS was originally created to overcome the difficulties presented by the existence of a large number of organizations desiring to share and distribute real estate information with others. Prior to RETS, much of the data exchange was done using the FTP protocol, which did not allow for queries, and required transfer of complete datasets. The inefficiencies of this approach meant that to generate a query such as "new listings since yesterday", the entire dataset had to be downloaded again and compared with a local copy. Rather than basing a solution on alternatives used by other industries to allow for such queries, RETS was created from the ground up as a new framework to attempt to address the need for a common and efficient standard for the exchange of real estate data. Most North American multiple listing service (MLS) data exchange service providers use the RETS protocol.[2] Although the implementation of the protocol has offered some standardization, the field names of the underlying datasets still vary widely between markets.
RETS is a framework that can be adopted by computer systems to receive data from the multiple listing service (MLS) servers, as well as those of other real estate systems, provided they also have software installed designed to communicate using the RETS framework. The National Association of Realtors refers to RETS as a "common language".[3]
Multiple other systems exist which support the secure and standardized transfer of datasets and associated access control requirements in a secure and efficient manner, such as MySQL. These other systems enjoy widespread adoption across most industries, whereas RETS is for one specific industry. RETS is generally not used outside North America.
In 2018, the Real Estate Standards Organization announced that it planned to retire RETS and replace it with the RESO Web API, a RESTful API.[4][5]
real, estate, transaction, standard, this, article, multiple, issues, please, help, improve, discuss, these, issues, talk, page, learn, when, remove, these, template, messages, this, article, written, like, personal, reflection, personal, essay, argumentative,. This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article is written like a personal reflection personal essay or argumentative essay that states a Wikipedia editor s personal feelings or presents an original argument about a topic Please help improve it by rewriting it in an encyclopedic style September 2022 Learn how and when to remove this template message This article may be in need of reorganization to comply with Wikipedia s layout guidelines Please help by editing the article to make improvements to the overall structure September 2022 Learn how and when to remove this template message Learn how and when to remove this template message Real Estate Transaction Standard RETS is a deprecated data standard that was used by the real estate industry in Canada and the United States to facilitate the exchange of data RETS was launched in 1999 by the National Association of Realtors and related groups 1 RETS was originally created to overcome the difficulties presented by the existence of a large number of organizations desiring to share and distribute real estate information with others Prior to RETS much of the data exchange was done using the FTP protocol which did not allow for queries and required transfer of complete datasets The inefficiencies of this approach meant that to generate a query such as new listings since yesterday the entire dataset had to be downloaded again and compared with a local copy Rather than basing a solution on alternatives used by other industries to allow for such queries RETS was created from the ground up as a new framework to attempt to address the need for a common and efficient standard for the exchange of real estate data Most North American multiple listing service MLS data exchange service providers use the RETS protocol 2 Although the implementation of the protocol has offered some standardization the field names of the underlying datasets still vary widely between markets RETS is a framework that can be adopted by computer systems to receive data from the multiple listing service MLS servers as well as those of other real estate systems provided they also have software installed designed to communicate using the RETS framework The National Association of Realtors refers to RETS as a common language 3 Multiple other systems exist which support the secure and standardized transfer of datasets and associated access control requirements in a secure and efficient manner such as MySQL These other systems enjoy widespread adoption across most industries whereas RETS is for one specific industry RETS is generally not used outside North America In 2018 the Real Estate Standards Organization announced that it planned to retire RETS and replace it with the RESO Web API a RESTful API 4 5 See also EditInternet Data ExchangeReferences Edit Field Guide to Real Estate Transaction Standards RETS National Association of Realtors 2 July 2013 Retrieved 2014 01 02 Competition In The Real Estate Brokerage Industry www justice gov 2015 06 25 Retrieved 2023 04 11 International Rotary February 1955 The Rotarian Rotary International RESO Web API to Replace RETS realtyna com Realtyna 31 March 2018 Retrieved 19 June 2018 Is RETS being replaced by the RESO Web API RESO Real Estate Standards Organization Archived from the original on 2020 09 24 Retrieved 2020 09 24 External links Editreso org Real Estate Standards Organization nbsp This real estate article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Real Estate Transaction Standard amp oldid 1161637333, wikipedia, wiki, book, books, library,
