Real Estate Transaction Standard
RETS is an acronym which stands for Real Estate Transaction Standard.
RETS was 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. RETS addressed this need by providing a common standard for the exchange of real estate data. Many MLS data exchange service providers use the RETS protocol.
The Real Estate Transaction Standard (RETS) facilitates data transfer between partners in the real estate industry. Creating and improving RETS is a collaborative effort to simplify moving real estate information from system to system and simplify solution development efforts. As RETS usage matures and expands, MLS with geographic overlaps can create data-sharing policies that provide their members a single point of entry to search multiple MLS data sets.
RETS itself is not a program, nor is it a language. It is a framework that can be adopted by any computer system to receive data from the Multiple Listing Service (MLS) and many other real estate systems that doesn’t require the computer system to be hardwired or configured in any other way to specifically interact with MLS or anything else for that matter.
Read more about Real Estate Transaction Standard: See Also
Famous quotes containing the words real, estate and/or standard:
“Anyone with a real taste for solitude who indulges that taste encounters the dangers of any other drug-taker. The habit grows. You become an addict.... Absorbed in the visions of solitude, human beings are only interruptions. What voice can equal the voices of solitude? What sights equal the movement of a single day’s tide of light across the floor boards of one room? What drama be as continuously absorbing as the interior one?”
—Jessamyn West (1902–1984)
“I ‘gin to be aweary of the sun,
And wish th’ estate o’ the world were now undone.”
—William Shakespeare (1564–1616)
“As in political revolutions, so in paradigm choice—there is no standard higher than the assent of the relevant community. To discover how scientific revolutions are effected, we shall therefore have to examine not only the impact of nature and of logic, but also the techniques of persuasive argumentation effective within the quite special groups that constitute the community of scientists.”
—Thomas S. Kuhn (b. 1922)