RETS Future Direction RETS Development Direction RETS version

RETS Future Direction RETS Development Direction RETS version 1. 7 RETS version 1. 8 RETS version 2. 0 Yogi Schulz Improve RETS functionality File: 06_AEI_Development Direction. PPT 1

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

RETS Version 1. 7 RETS Development Direction 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 4 2004 Yogi Schulz Reduce ambiguities File: 06_AEI_Development Direction. PPT 3

RETS Version 1. 8 RETS Development Direction Maintenance release with additional minor changes driven by the vendor community Probably not until Q 4 2005 Areas identified for further development are: - Update - Media Add functionality to RETS Yogi Schulz File: 06_AEI_Development Direction. PPT 4

RETS Version 2. 0 Overview RETS Development Direction 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 Yogi Schulz File: 06_AEI_Development Direction. PPT 5

RETS Version 2. 0 Direction RETS Development 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 Yogi Schulz File: 06_AEI_Development Direction. PPT 6

RETS Version 2. 0 Timeline RETS Development Direction 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 Yogi Schulz File: 06_AEI_Development Direction. PPT 7

Topic Summary RETS Development Direction 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 Yogi Schulz File: 06_AEI_Development Direction. PPT 8

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