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Standards in the real estate industry: an overview of what''s new.

Publication: XML Journal
Publication Date: 01-OCT-03
Format: Online - approximately 1336 words
Delivery: Immediate Online Access
Full Article Title: Standards in the real estate industry: an overview of what''s new.(RETS)

Article Excerpt
The fever for new XML specifications for almost anything imaginable has hit the real estate industry. Companies that are actively pursuing some niche in this industry have realized the need to create and adopt standards for communication. As in other industries, however, competing XML standards are emerging, keeping any one standard from reaching a critical mass of adoption and fruition.

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This article explores the Real Estate Transaction Standard (RETS) for the real estate industry. I'll talk about how some of these standards can leverage Web services technologies such as SOAP and WSDL. I'll begin by taking a look at the landscape and various XML standards in the real estate industry.

Industry Landscape

Adoption of XML standards will provide a common vocabulary and increase the interoperability of the Multiple Listing System (MLS) data and the different users that access this data on a daily basis, such as realtors, title companies, home insurance companies, and end users looking to buy or sell a house. This will also foster an increase in competition among software vendors seeking to serve the real estate industry. The emerging XML standards are intended to be used over the Internet and can leverage various Web services...

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