[Rets-dev] The MLS Transaction Set

[Dave Sullivan]

Matt:

"Transaction Management" has typically referred to the activity 
related to accomplishing a successful CLOSING once a property has 
been sold - not the activity related to the Listing itself (e.g. Add 
Listing, Price Change, Withdraw, Pending Sale, Expire, Un-expire, 
etc.).  These are now covered as updates to the PROPERTY record, but 
they are of a very different character than changes to REMARKS, for 
example, since they directly impact the subagency agreement.

Dave

At 01:29 PM 8/5/2007, Matt McGuire wrote:
>Hi Dave,
>
>Since no one has mentioned it, I wanted to point out that there is
>currently an effort on the part of Transaction Management software
>developers to participate in the RETS standards process. I know that we
>(Marketlinx) have at least one group of people working in this area. I
>think that these vendors are working toward a solution modeled around
>the topic you are describing. Their participation in RETS is
>comparatively new, but it has been very interesting to see the
>complications they have encountered with the existing specification and
>how they propose to solve them. It is a young effort, but I feel that it
>is a valuable effort that we must not forget in our ongoing data
>representation discussions.
>
>Hope that helps,
>
>Matthew P. McGuire
>Marketlinx Inc.
>
>
>-----Original Message-----
>From: rets-dev-bounces at rets.org [mailto:rets-dev-bounces at rets.org] On
>Behalf Of Dave Sullivan
>Sent: Sunday, August 05, 2007 12:14 PM
>To: Matt Lavallee
>Cc: rets-dev at rets.org
>Subject: RE: [Rets-dev] The MLS Transaction Set
>
>At 06:35 PM 8/4/2007, Matt Lavallee wrote:
> >To what end is your argument, Dave?  I don't think anyone has discussed
> >excluding transactions from the standard.
>
>I am suggesting that the Listing Agency Transaction not merely be
>included in the standard, but should be its focal point -- that the
>LISTING rather than the PROPERTY should be the primary RESOURCE.
>
>I think this change in perspective could have a significant impact on
>many MLS issues, including the public's legal right to know details
>of the Listing Agreement.  It may also serve to clarify the
>distinctions between the MLS's role as the repository of contractual
>listings for properties for sale, and its role as provider of
>information about real properties and property-related functionality
>(like CMA).
>
>Focusing on the LISTING, for example, might achieve agreement on how
>sub-agency is offered for REALTORs who are out of the primary MLS
>service area and not bound by the reciprocal marketing agreements
>that cover each individual set of MLS members.
>
>The RETS group has been working on standards for many, many years;
>but has not achieved agreement on a set of REALTOR transactions for
>MLS activity - primarily because it hasn't tried to.  Someone needs
>to deal with the business issues related to Listing transactions - it
>may as well be RETS.
>
>
>Dave
>
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