Without working to make these various standards to work together, it could literally take years for the different segments to collaborate to establish interoperability standards. For the Online Real Estate Industry. Seamless Data Exchange Will Lead to Integrated and Streamlined e-Real Estate Transactions. Though several attempts are underway to define specifications for portions of the real estate industry, including online mortgages, it may take years for the different sub-industries to integrate the systems. This will allow participants to migrate core business processes toward a fully integrated real estate e-transaction.
Frustration builds over lack of communication with other groups.
By Carl D. Holcombe. Worries over a lack of cooperation and potentially restrictive controls have spurred the creation of a new XML standards group for online real estate. The alliance hopes to set up XML standards for data and documents, and act as a bridge to other XML groups and companies. He said AART hoped to make significant progress to establishing better communication on XML standards. The group does not oppose RETS, although there is an undercurrent of concern over NAR and Homestore control over such valuable defining standards, which could create barriers to rival businesses, some AART members said.