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The Appraisal Institute Joins the Open Standards Consortium for Real Estate in Bringing the Real Estate Industry Into the Internetworked World of the 21st Century.
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PR Newswire
- Article date:
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September 13, 2005
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Copyright informationCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON, Sept. 13 /PRNewswire/ -- The Appraisal Institute and the Open Standards Consortium for Real Estate (OSCRE) have agreed to work closely together on an international effort to set data standards to drive out inefficiencies in the real estate industry and, in turn, save billions of dollars. In the United States alone, the lack of interoperability adds up to a $15.8 billion loss of capital in the architectural, engineering, construction and facility management industries (US Commerce 2004 NIST report).
The Appraisal Institute has made a strong commitment to the OSCRE project by joining the organization for three years as an executive member and sharing its ...
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