RETS Value Proposition

• Email a link to this page
• Print Friendly Version

Introduction

The series of pages, that can be accessed from this page, describe the many components of the RETS Value Proposition as these apply to each stakeholder in the real estate industry.

Click on the Stakeholder Name below that most closely describes your role in the real estate industry.

Then explore the pages for other stakeholders in the real estate industry.

What will I learn?

The purpose of these pages is to help you:

1. build an understanding of the value of RETS.
2. describe the value of RETS within your organization.

Stakeholder Name

1. MLS Organizations & Staff Hide Description

   Clicking on MLS Organizations & Staff will display the pages that detail the RETS value proposition for this stakeholder.

   MLS stands for Multiple Listing Service.

   An MLS Organization is typically a real estate association or a company formed by brokers or an association to operate the MLS service.

   An MLS will contract a Service Provider to provide the MLS service to its Realtors and Brokers or build and maintain its own system to provide the MLS service.

   Staff means the employees of the MLS organization.

2. Brokers Hide Description

   Clicking on Brokers will display the pages that detail the RETS value proposition for this stakeholder.

   A Broker is a person, corporation, or partnership, licensed by a state, to represent a buyer or seller in a real estate transaction in exchange for a commission.

   As such, a Broker is licensed to run a real estate firm and to hold trust funds.

   Brokers supervise licensed Realtors, who then act for the Broker. The Broker is legally the principal agent in any transaction.

   Brokers tend to be corporations that are either independent or subsidiaries of national organizations or franchisees.

3. MLS Service Providers Hide Description

   Clicking on MLS Service Providers will display the pages that detail the RETS value proposition for this stakeholder.

   MLS Service Providers are organizations that license or operate an MLS service that may be RETS capable.

   An MLS service manages real estate data.

   Typically MLS organizations are the customers of MLS Service Providers.

4. MLS Data Consumers Hide Description

   Clicking on MLS Data Consumers will display the pages that detail the RETS value proposition for this stakeholder.

   The systems provided by MLS Data Consumers access the systems operated by MLS Service Providers to deliver real estate data to their customers.

   Typically the customers of MLS Data Consumers are MLS organizations, Brokers or Realtors depending on financial arrangements and the capability of the systems.

5. MLS Customers Hide Description

   Clicking on MLS Customers will display the pages that detail the RETS value proposition for this stakeholder.

   MLS Customers are largely Realtors®.

   Other MLS Customers, who re-purpose real estate data, include newspapers and data aggregators like Homestore.

6. Consumers Hide Description

   Clicking on Consumers will display the pages that detail the RETS value proposition for this stakeholder.

   Consumers tend to access real estate data via web sites or e-mail sent to them by a Realtor.

7. Fostering Innovation Hide Description

   Clicking on Fostering Innovation will display the pages that detail the RETS value proposition for this concept.

   Fostering Innovation describes how RETS contributes to encouraging innovation in the development of systems for the real estate industry.

Related Resources

Contact

Please click here to send an e-mail to Yogi Schulz to provide comments about this web site, point out problems with the web site or seek additional detail about some of the content shown on this web site.