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       What is RETS?                                               

 

 

Introduction

 

What is RETS?  What is  Real Estate Transaction Standard?

 

RETS is an acronym which stands for Real Estate Transaction Standard

 

RETS (Real Estate Transaction Standard) 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.

 

   To learn more about real estate technology and real estate transaction management system or TMS, click here.

 

The Real Estate Transaction Standard is a common language spoken by systems that handle real estate information, such as multiple listing services. A common language enables computers like the one on your desk to receive information from many different real estate systems or MLSs without being specially "trained" to understand the information from each.

Standards like RETS exist in many different fields. Sometimes, the standard simply adopts one of many pre-existing languages that everyone agrees to use. For example, air traffic controllers at international airports all speak English, no matter what their native language, so pilots are guaranteed that they need learn only one language to fly anywhere in the world.

RETS, like many computer standards, is a language that was built for a specific purpose, but the goal is the same: to have all computers that deal with real estate information "speak" the same language, so that you can use the same desktop computer program with any MLS that has adopted RETS.

For software developers and for providers of services like IDX sites, RETS means having to write programs to use only one language, the common language of RETS, in order to work with many different MLS systems. This means lower costs, more products, more competition among vendors, and faster implementations of new systems, all of which directly benefit people who work with real estate information as a living.

RETS Glossary of Terms

BNF
Backus–Naur form. A formal description of syntax used within a standard. The BNF description will show, for example, what characters can and cannot be used as a specific value.


Certification Workgroup
RETS Workgroup responsible for providing direction to the Compliance Testing Workgroup regarding what compliance tests are necessary for certification as RETS compliant. This Work Group's primary objective for the next 90 days is to help MLSs adopt the new NAR MLS policy for RETS to be adopted by mid 2009

Class
A sub-category of a RETS Resource. For example, the Property Resource may have RESI, COMI, LOTL, etc. as Classes.

Client
A software application which runs on a computer and relies on a server to perform some operations. For example: Microsoft Outlook may be your email client while Microsoft Exchange is the server which routes and stores your emails

Compact
A RETS client can request that the results to a query be in COMPACT format. The most basic explanation is that this is a tab-delimited file and the idea is that the bandwidth requirements are less than for representing the same data in STANDARD-XML format. Lookup data is provided in it's coded format. COMPACT and COMPACT-DECODED formats will generally require that the client software utilize the server's metadata to fully understand the fields presented.

Compact Decoded
Similar to COMPACT format, COMPACT-DECODED results are usually tab delimited. The major difference between COMPACT-DECODED and COMPACT is that COMPACT-DECODED results will have Lookup data in it's most human readable format--coded fields will be expanded to something that is generally understandable to humans. Like COMPACT format, the client software will need to utilize the server's metadata to fully understand the fields presented.

Compliance / Compliancy
Once a RETS client or RETS server has been developed, a Compliance test can be run to make sure that it follows the RETS standard. The tests are defined and designed by the Compliance Testing Workgroup.

Compliance Testing Workgroup
RETS Workgroup responsible for developing tools to test the compliance of RETS implementations.

DTD
Document Type Definition. These files are used to describe an XML document so a computer program can automatically "learn" how the XML is structured and what data types are used.

Data Elements
Pieces of information delivered from a server after a query and may include field values, images, URL's, etc.

Data Recipient
Person or entity which receives, pulls or accesses MLS content.

Data Schemas Workgroup
RETS Workgroup tasked to define the XML Schemas for instance documents that contain MLS information.

Database Name
The unique identifier the MLS database uses to name a field. Some MLS databases use numeric database names

Database Server
The "backend" MLS system server which houses property, agent, office information as well as images, documents, etc. A database server is proprietary to the MLS vendor and works in conjunction with the MLS system software

FTP
File Transfer Protocol. FTP is a file transfer standard for moving static files from one computer to another.

Filtering
Applying rules to a User Agent, User Class, etc. which limits the data elements, amount of data, number of queries returned by a request for a specific User, User Class, User Agent, etc.

GUI
Graphical User Interface

GetObject
A RETS request type. The GetObject request is issued from a RETS client to a RETS server in order to obtain objects for a specific listing such as property photos or PDFs. The request can be for a single, specific object or can be issued to retrieve all objects.

HTTP
Hypertext Transfer Protocol. HTTP is the protocol the RETS 1.x family of versions use for communicating back and forth. Authentication is typically accomplished using either Basic or Digest authentication within HTTP. Request-specific values are passed to the server within the URL while the body of the response is returned back to the client in the HTTP body.

IDX
Internet Data eXchange. At it's core, IDX is the concept of displaying property information from an MLS on an Internet website, although over the years, IDX has taken on different meanings. An "IDX feed" or "IDX file" is typically an exported file (once every 24 hours or so) that resides on an FTP server controlled by the MLS. "IDX vendor" is a term used to describe a 3rd party company that provides a product or service that makes use of data from an MLS.

Lookup
A field that contains preset codes as it's value. For example: PropertyType might be a field that contains RES as it's value. Doing a 'METADATA-LOOKUP_TYPE' request through RETS would tell you that PropertyType can contain RES (the code) for Residential (it's value), CON for Condo, LAN for Land, COM for Commercial, etc.

Metadata
Metadata can be thought of as "data describing the data". When used with RETS, retrieving the Metadata for a specific property class (example: Residential properties) will return very specific information about all of the fields, field types, which fields are searchable, etc. A "Metadata-aware" RETS client can use this information to automatically recognize changes to a data format (like when a field has been added) and adapt accordingly without user intervention (by adding a new field in their local database to make room).

Plugfest
Plugfest is an open workshop for client vendors and server vendors to test their interoperability held during the trimester conferences. This is a popular event where some of the best technical staff from the industry meet to help each other connect using the RETS specification.

Query
A query is made up of different sub queries separated for logical operators. Each sub query can contain Sub Queries, Lookups, Ranges and Strings.

Query Workgroup
RETS Workgroup tasked with defining, developing, testing, and proposing a new query mechanism that simplifies data access in a unified XML payload.

RCP
Rule Change Proposal. An RCP is a document which includes a possible rule change to the specified technical document. Once voted on and approved, the change described would be implemented into the standard.

RESO
Real Estate Standards Organization, a body that is a legal United States Corporation whose purpose is to govern the standards development, promotion, and maintenance activities of RETS and related activities.

RETS
Real Estate Transaction Standard

Request
An action performed against the server, such as a query, call for images, open house URL's, etc.

Resource
The RETS term for a general category of data available through a RETS server. For example: Property, Agent, Tour, OpenHouse, etc.

SOAP
Simple Object Access Protocol. Provides a way to communicate between applications running on different operating systems, with different technologies and programming languages.

Schema
The structure of a database system, described in a formal language supported by the database. In a relational database, the schema defines the tables, the fields in each table, and the relationships between fields and tables. RETS Schema defines fields, data types and classifications.

Security Workgroup
RETS Workgroup working on establishing SSO standards within the RETS standard. In addition, the Security Workgroup reviews all change proposals for security concerns.

Server
The Server is the central computer system which contains the desired information. A Server handles requests from Clients, applies business rules and other limitations on those requests (through filtering) and provides a valid data response back to the Client.

Syndication Workgroup
RETS Workgroup responsible for defining standardized listing data and transport specification that makes it easy for brokers to syndicate their listings to multiple sites.

The pipe "|"
Means OR so everything separated by commas has is OR'ed.

The plus "+"
Means AND so everything separated by a comma is AND'ed.

The tilde "~"
Means NOT so everything separated by a comma is NOT'ed.

Transport Workgroup
RETS Workgroup which provides technical processes for analyzing extensions to transport methods in current and future versions of the RETS specification.

Update Workgroup
RETS Workgroup tasked with making listing entry easier and reducing the amount of duplicate listing entry for brokers and agents are key goals for the Update workgroup.

User Agent
A User Agent is the name a RETS client goes by and what version is currently being used. For example, a User Agent of RETSclient/1.0 shows that a user is using version 1.0 of a product called RETSclient. This "signature" is provided with each RETS request and can be used for authentication and/or filtering on the server.

User Class
See User Roles

User Roles
A group of users can be assigned specific user roles. Typically, these roles are used in combination with filtering so a group of users are assigned specific filtering. For example, any RETS user who is an IDX vendor can be assigned the "IDX Vendor" role and a specific filter can be applied to the group rather than to each user specifically.

Versioning
Mechanism which tracks all changes in content and code. For RETS, Versioning refers to the number associated or applied to the RETS Standard Documents, i.e. 1.5, 1.7, etc which have been voted and approved by the RETS Working Group.
 

A standardized way of integrating web-based applications using the XML, SOAP, WSDL and UDDI open standards over the Internet protocol backbone.

Wiki
Informal, unofficial part of a website where anyone can contribute content and collaborate.

Workgroup
A group chartered by the RESO Board of Directors in order to discuss, collaborate and/or develop certain materials. Members of these groups include individuals from companies across various sectors of the real estate industry. Each workgroup has member contributors, a Chair, Vice Chair and a Scribe.

XML
eXtensible Markup Language. XML is a custom markup language used by many general-purpose applications to exchange information. The tags used within XML are not pre-defined and can be anything that correctly describes the data. Data in this format is easy for a program to consume and use, regardless of the operating system or programming language used. Within RETS, the XML tags are pre-defined which make it easier for a single program to understand data that may come from different RETS servers. See Schema for more information.

 

To learn more about real estate technology and real estate transaction management system or TMS, click here.