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Real Estate Transaction Standard (RETS) was put in place to simplify the process of transferring real estate data from one system to another simplifying software development solutions. Software developers can create custom real estate applications and implementation of RETS that can be used to extract data and distribute it to REALTORS® websites, cell phones or any other digital media distribution system.
from: http://ezinearticles.com/?Real-Estate-Transaction-Standard---RETS,-Is-Not-A-Standard-After-All&id=1039131
