1. File: 04_RETS Organization.PPT 1 RETS Organization & Initiatives Philosophical approach NAR sponsorship Workgroups Core Group Initiatives Kevin McQueenYogi Schulz

2. File: 04_RETS Organization.PPT 2 RETS Organization & Initiatives Topic Objectives Build understanding of how: –The RETS organization is managed –RETS is being further developed Identify points of interaction or contribution with the RETS organization RETS is an open, collaborative community

3. File: 04_RETS Organization.PPT 3 RETS Organization & Initiatives Philosophical approach Volunteer effort Direction set by: –Urgent requirements –Available expertise and capacity Management by consensus: –Decisions –Priorities Produces a fit-for-purpose outcome

4. File: 04_RETS Organization.PPT 4 RETS Organization & Initiatives NAR sponsorship Encourages RETS development work Pays for facilities used for RETS events Pays for consultants managing development work Pays for development and delivery of education NAR is fulfilling its mission for Realtors ®

5. File: 04_RETS Organization.PPT 5 RETS Organization & Initiatives Workgroups - 1 Commercial –Sets direction for the use of RETS in commercial real estate Compliance –Creates guidelines and documents to help developers insure that their products are compliant with the RETS specifications Data Dictionary –Maintains the RETS data dictionary; both content and architecture Marketing & Communication –Develops and executes the RETS marketing plan

6. File: 04_RETS Organization.PPT 6 RETS Organization & Initiatives Workgroups - 2 RETS 2.0 –Develops the next major release of RETS making use of emerging W3C standards RETS Web Presence –Maintains the RETS web sites Update –Develops the RETS Update transaction including workflow and update-specific metadata Workgroups enhance the value of RETS

7. File: 04_RETS Organization.PPT 7 RETS Organization & Initiatives Core Group Organizes RETS meetings Provides guidance to NAR about RETS priorities Recommends RETS budget to NAR Provide leadership and continuity

8. File: 04_RETS Organization.PPT 8 RETS Organization & Initiatives Initiatives Standards development: –Change Proposals –RETS 1.7 –RETS 2.0 Compliance Marketing & Communication Education High focus, high effort initiative

9. File: 04_RETS Organization.PPT 9 RETS Organization & Initiatives Topic Summary RETS organization is maturing: –Better attended meetings –Improved communication –More education –RETS specification is stabilizing Pace of RETS development largely dependent on staff time that employers are able to make available

10. File: 04_RETS Organization.PPT 10 RETS Organization & Initiatives