This year, CRT has been very involved with Transaction Management Systems (TMS); first in our work to develop TMS technical standards and increase TMS interoperability and integration with other real estate apps, and secondly through our 2005 REALTOR Technology Efficiency Survey. Many questions have been raised about TMS, its current status and where it fits. In some cases there is confusion on what is TMS.
I recently read a new white paper that does an in-depth review of the current status of TMS, the perceptions and in some cases the misconceptions. If your involved with TMS the paper will have some points where you’ll agree and others where you won’t. It doesn’t seem to favor a TMS approach, platform or particular vendor. It does go to great lengths to explain the issues surrounding TMS and increased adoption.
The white paper’s depth of TMS review expands on many of the finding in CRT’s survey. Papers and efforts like these aid the industry by putting substance where there has mostly been marketing hype or conjecture. The white paper was done by the WAV Group, an industry consulting firm and can be obtained through their web site. The paper goes a good way to answering the question; TMS - where is it?
