[Rets-dev] The MLS Transaction Set

[Matt Lavallee]

Hopefully I’m not the only one thinking “what?”

 

I guess I just don’t get what you’re after, Dave:  There are myriad options for
storing a listing’s state in the system.  The intent of RETS 2 is to provide
conveyance of MLS sales data, including any transaction information, for another
(internal or external) party.  The local MLS’ rules (or, more accurately, the
boards’ rules) are not relevant at this layer of data transmission… it is
assumed that any party who has been granted access (particularly the sort of
wholesale accessing you’re addressing) understands the data’s context and
semantics.

 

There are enough issues with crossing local borders of regulation in a region,
let alone nationally in some abstract context such as a magic property
directory.  Forget MLS policies, local and state laws have jurisdiction over the
sale of real property, and it’s unrealistic to assume that RETS should convey
all such information.

 

-Matt

 

From: rets-dev-bounces at rets.org [mailto:rets-dev-bounces at rets.org] On Behalf Of
Dave Sullivan
Sent: Monday, August 06, 2007 8:23 AM
To: Paul Stusiak
Cc: rets-dev at rets.org
Subject: Re: [Rets-dev] The MLS Transaction Set

 

Paul:

Throughout your response you stress the importance of the MLS as a source of
information, pointing out that the RETS2 schema is adequately hierarchical and
extensible to accommodate any information anyone may want.

My point continues to be that the MLS exists in order to identify real
properties for sale which are subject to an agency agreement and for which the
selling agent can expect to receive a commission.  This is the key piece of
information in the MLS.  Each MLS has rules for determining whether a listing is
being offered for sale - and these can get tricky when a contract is pending.
The STATUS has historically translated the MLS rules into a relatively simple
code that lets buyer agents determine whether and how to market a listing.
Sure, they could dig through the Contingency and Contract data fields to get
definitive data ... but would this tell them what the local Rules say about
whether an offer can or should be made?  

I suggest that the Listing Resource needs to incorporate both the factual
information relating to the sales status of the offered property, and the way
these facts should be interpreted based on local rules.  If this were done, the
Listing itself would provide all the information necessary for an agent to take
the appropriate action.

Dave



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