Meg White is the former managing editor of REALTOR® Magazine.
After what's felt like years of excruciatingly slow change, it seems multiple listing services are poised to embrace a number of new technologies and big shifts in the ways sellers list their homes and buyers search for them. At least, that was the overriding mood at the spring conference of the Real Estate Standards Organization, held in Chicago this week.
RESO Executive Director Jeremy Crawford addressed the sold-out conference, saying that not only is RESO focused on continual development of the Data Dictionary and Real Standard Transaction Specifications—a framework to facilitate the exchange of real estate data—but they also work to get ahead of challenges to the listing systems in place in the United States and Canada. “We’re looking for solutions for what’s going on in the industry today and five years from now,” Crawford said.
Attendees heard from a wide variety of speakers about how innovations coming to the market in the next few years could affect the way real estate professionals interact with MLSs, listing portals, and consumers. Here are a few trends real estate professionals should be on the lookout for in the coming years.