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PDF Editor FAQ

What are the exact difference between IDX and MLS in Real estate industry? Is RETS is a standard format data feed given by MLS?

MLS, which stands for Multiple Listing Service, is the aggregate of all of the listings for sale in a particular locale (some MLS's cover just certain cities, whereas others cover an entire geographic region). These listings for sale are added to a database by listing brokers/agents in that locale. Any broker/agent who belongs to an MLS can view these listings as well as other confidential info only available to MLS members (such as agent remarks).Practically every MLS also has a public-facing search portal (similar to Realtor.com and other search sites), where buyers can go to and search for available properties. MLS's are said to have the best data because brokers/agents are required to keep their listing info up-to-date on there (such as the status of the property, any price changes, etc.).Some MLS's also have what's called reciprocity, which means if you belong to a neighboring MLS, they will also automatically add you to their MLS (without having to pay any extra dues). There are some MLS's in the Bay area that have reciprocity, which makes sense when you have clients that are shopping in a wide area and you need to show them properties in multiple locations.IDX, which stands for Internet Data Exchange, is the agreement with MLS's, their member brokers/agents, and occasionally third party search portals, to share the MLS data directly on broker/agent/third party websites. The way it works is like this: let's say you're a real estate broker who belongs to the San Francisco MLS. You can subscribe to the San Francisco MLS' IDX feed and receive all of the listings from the San Francisco MLS on your website. In other words, your website ends up being identical (from a listings standpoint) to the website of the San Francisco MLS. What this does is allow you as the broker to have a search portal on your website where buyers can search for properties in your area.There is a lot of debate as to whether there are any benefits to IDX for brokers/agents. In theory, the thought goes that if you have search capabilities on your site as a broker/agent, that you can drive traffic to your site from consumers, get more leads, keep those leads on your site, etc. The reality is, however, that having listings on your website isn't a standalone lead-gen strategy. You also need an SEO/PPC/Social Media/Marketing plan to even drive consumers to your site in the first place. This is generally not something that real estate professionals excel at, and it's one of the reasons that large search portals like Realtor.com exist. Also, most agents don't have great websites, so the search experience for consumers on their sites is often second-rate.RETS, which stands for Real Estate Transaction Standard, is as you indicated, the standard format that the MLS's use to share their IDX data. Prior to RETS coming about in 1999, every MLS would have different data formats, making IDX and other data sharing near impossible.

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