RETS listings can be updated throughout the day, instead of once every 24 hours, and allow greater flexibility in developing applications for agents than FTP (file transfer protocol) and XML (extensible markup language) listings feeds, said Hawaii Life's Justin Britt.
heard Hawaii Information Service
had become RETS compliant, he
expected he'd be able to get access to the MLS's RETS server within a week.
was told by a Hawaii Information Services sales representative that the MLS
did not offer a RETS feed, and was under no obligation to do so.
checked with the Real Estate Standards Organization
(RESO), the nonprofit that governs the development, maintenance and promotion of RETS
was surprised to hear that this was true.
RETS feed not mandatory
policy adopted by NAR
in 2008 requires only that Realtor-owned MLSs
demonstrate their compliance by using RESO's
online compliance checker, which verifies that they have a listings database up and running on a server that supports RETS.
wondered in a recent Geek Estate blog post, if the goal of RETS
is to create an industrywide standard for data exchange between MLS participants, why aren't MLSs
also required to provide a feed?
"My gut feeling is it was just an oversight," Britt
If the matter is brought to the attention of NAR's board of directors, Britt said he hopes NAR will require MLSs to provide access to RETS listings.
understands that "it's not that (Hawaii Information Service) doesn't want to have (a RETS
feed), it's that they have a custom-built MLS system and it (will) cost them money to implement."
said that Hawaii Information Service
initially didn't seem to understand why Hawaii Life
needed a RETS feed, or how the MLS's members would benefit.
"The speed is the most important thing -- having properties being updated several times a day is a huge advantage to our clientele," many of whom are assisting buyers and sellers of distressed properties that generate bidding wars as soon as they hit the market, Britt