Description
EXCERPT from Property Unique IDentifier (PUID): Why It’s Important
Matt Cohen interview with Kristen Carr, former RESO PUID Working Group
Wednesday, October 15th, 2014
TEST: New discovery to #FCHack team which might inform our work today!
ECCMA has a super cool tool, already published; folks should check it out.
http://eccma-eprop.org/enli/
http://bit.ly/ECCMA1_ePropSlides
BACKGROUND
What approaches are you currently researching?
The concept we’re working with right now is a big database where anyone; the consumer, agent/broker, mortgage company, local, state, federal government, could “register” a property and generate a PUID for that property. Then anyone needing the PUID would be able to retrieve it from the same database.
As we started this work last January we’ve looked outside of our branch of real estate and into mortgage and then even further out into national and international standards bodies. Does anyone else think properties should have a unique identifier? If so, why? What are they doing? Can we join in the work and possibly solve the problems we’ve identified? What we found out is very interesting!
It turns out just about everyone who deals with a property on some level is interested in PUID. The Mortgage Industry Standards Maintenance Organization (MISMO), which is kind of like the RESO for mortgage, published a paper on PUID in the spring. And we’ve found other standards organizations, such as Electronic Commerce Code Management Association (ECCMA) and Open Geospatial Consortium (OGC), are working on the same thing. One use case outside of our bit of real estate is local fire and police; being able to quickly and accurately identify a property could save lives. There are countless other uses as well.