The Open Standards Consortium for Real Estate (OSCRE) justpublished three new standards and is finalizing work on a fourth.Last week, it released version two of its Commercial InformationExchange (CIE) Standard. This week, it issued its Work Request andWork Order Fulfillment (WRWOF) standard and Commercial PropertyInformation Exchange (CPIE) Standard.

OSCRE was formed to develop, synthesize and adopt e-businessstandards that will enable the real estate industry to functioneffectively and efficiently in the new economy.

"OSCRE members are concluding very significant bodies of workthat are poised to produce a seismic shift in the way the realproperty industry does business," says Andy Fuhrman, CEO of OSCRE"We're talking about truly incredible and realistic reductions inoperating costs, data exchange, improved data quality andtransparency and the beginning capabilities for industrystakeholders to perform end-to-end electronic transactions."