RETS Day 2

Dec 6, 2007  |  Michael Wurzer

A quick update regarding the RETS sessions occcuring in Miami this week:

  • The new RESO Board had its first in-person meeting yesterday for about five hours, and worked on defining priorities for the coming year and generating an introductory message for the General Assembly.
  • I was honored to be elected as the Chair of the RESO Board of Directors and Gregg Petch is the Vice Chair.  As Chair, I delivered the Board’s first presentation to the General Assembly this morning. I think it went okay, though I didn’t get as many questions as I thought would be forthcoming. Either I did a good job covering the info, or I lulled everyone back into sleep.  Hopefully the former.
  • Following my presentation, we had excellent presentations from John Cirincione of the Appraisal Institute and Mark Ladd from the Property Records Industry Association. Following Mark Ladd’s presentation, I asked if they had explored the issue of a universal property ID and he said they had done some work on that front and were very interested in pursuing it further with RESO. This could be a huge opportunity to build a simple integration point, leveraging the power of the web, to tie disparate property records systems (county recorders, MLSs, appraisers, mortgage bankers, etc.).

So, the first day and a half have been good and l’m looking forward to the other days.

3 Responses to “RETS Day 2”

  1. Jim Duncan says:

    Congrats on the Chair position!

    The universal property ID concept sounds intriguing. Which would be better – identification by parcel id or geo-locating all parcels? Which would be more easily put into place?

  2. I would imagine both, but, if not, then parcel number would likely be better, at least in the U.S. The challenge with geo-codes is that many counties do not yet have digital parcel maps. Perhaps something like:

    universalpropertyid.org/country/state/county/parcelnumber/latlong/

    Or perhaps more generic terms need to be considered for state and county for international considerations.

  3. Candy Lynn says:

    Sounds like you guys are stepping out ahead of NAR’s Gateway project.

    I like the universal property id concept

    Candy