What is the difference between the RESO Web API and RETS?
The organization will end certification services for RETS and shift resources to implementation and certification for the RESO Web API. This is bringing big changes to the real estate industry as MLS and technology providers shift to the new standard. But RETS is going to be around for a while. Thousands of agents, MLS, and technology providers depend on it for IDX and other services. The switch is going to take time.
With two standards in place for the foreseeable future, we think it’s good to do a little comparison: What is the difference between the RESO Web API and RETS?
For nearly two decades RETS was the gold standard for real estate data transfers.
Created in 1999 to address decentralization in the real estate industry, RETS has conformed real estate data structures and transfers across the 700+ MLS in the United States.
RETS is the reason electronic property listings look pretty much the same everywhere. It’s also the reason technology providers, like Realtyna, are able to service clients across the country.
RETS greatly reduced the coding necessary to connect to an MLS and spawned an entire IDX industry.
HOW RETS WORKS
In practice, RETS allows those with an MLS connection to download the entire listing database to their local servers. Regular updates then synchronize any difference between the local database and the MLS database.
The system works well and has provided the backbone to the real estate technology industry for years. But this local database requirement comes with some tradeoffs.
First, it costs money. Hosting an entire MLS’s worth of listings can require 100 GBs or more of disk space. Also there are security costs for MLSs to have duplicates of their data scattered around the web.
RESO WEB API INTRO
So what is RESO Web API? And what is the difference between RESO Web API and RETS?
Like RETS, RESO Web API is designed to streamline real estate transactions. It provides a methodology for connections to MLS, so agents and brokers can have access to robust property search features.
But RESO Web API also is designed to address the tradeoffs in RETS. Specifically, it aims to limit local hosting to lower costs and increase security.
HOW RESO WEB API WORKS
RESO Web API is an API, or application programming interface. This technology change allows IDX software to call MLS databases directly.
Consider the example of a client running a property search on your website. Under RETS, that search would query a duplicate database on your servers and return results. Under RESO Web API, the search would query the MLS database on the MLS servers, completely eliminating the need for local hosting.
But this is not the only change with RESO Web API. The new standard also is based on OData, a global technology protocol. This gives developers a familiar platform from which to build and publish new real estate data products. And it should help push the real estate industry deeper into mobile and social applications.
So there you have it. We hope we’ve explained the difference between RESO Web API and RETS. Did we forget something? Leave it in the comments.