File: 06_AEI_Development Direction.PPT 1 RETS Development Direction Yogi Schulz RETS Future Direction RETS version 1.7 RETS version 1.8 RETS version 2.0.

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Presentation transcript:

File: 06_AEI_Development Direction.PPT 1 RETS Development Direction Yogi Schulz RETS Future Direction RETS version 1.7 RETS version 1.8 RETS version 2.0 Improve RETS functionality

File: 06_AEI_Development Direction.PPT 2 RETS Development Direction Yogi Schulz RETS Future Direction Topic Objectives Improve understanding of content of current and pending releases to the standard Improve understanding of development direction of the standard Support planning for the use of RETS

File: 06_AEI_Development Direction.PPT 3 RETS Development Direction Yogi Schulz RETS Version 1.7 Maintenance release of the standard All changes for this release have been adopted by workgroup Adds clarifications and minor functional improvement Driven by current vendors and challenges met with earlier versions of the standard Adoption should begin to be seen in the market in Q Reduce ambiguities

File: 06_AEI_Development Direction.PPT 4 RETS Development Direction Yogi Schulz RETS Version 1.8 Maintenance release with additional minor changes driven by the vendor community Probably not until Q Areas identified for further development are: -Update -Media Add functionality to RETS

File: 06_AEI_Development Direction.PPT 5 RETS Development Direction Yogi Schulz RETS Version 2.0 Overview New initiative driven by NAR and vendors As RETS has matured, additional business opportunities have emerged RETS 2.0 is the response to emerging technologies and their application to the business opportunities Parallel track to maintenance work on RETS 1.8 Work groups have started

File: 06_AEI_Development Direction.PPT 6 RETS Development Direction Yogi Schulz RETS Version 2.0 Direction Support more of the whole real estate transaction Use Web Services technology to create secure workflow Keep the Realtors ® as the sticky point in the real estate transaction Build on the success of RETS to-date

File: 06_AEI_Development Direction.PPT 7 RETS Development Direction Yogi Schulz RETS Version 2.0 Timeline Initial release in 2005 Tasks underway in 2004: -Build consensus -Identify business cases -Create interchange standard RETS 2.0 will not prevent adopters of the current release from gaining benefits now RETS 2.0 will take time to develop

File: 06_AEI_Development Direction.PPT 8 RETS Development Direction Yogi Schulz Topic Summary RETS Version 1.7 -Maintenance release with minor enhancements RETS Version 1.8 -Maintenance release with minor enhancements RETS Version 2.0 -Major release with added functionality and updated technology Time for Discussion

File: 06_AEI_Development Direction.PPT 9 RETS Development Direction Yogi Schulz Picking the Winners