This question has come up a lot lately so I thought I would post it here.
The primary difference between FTP and RETS, from a REALTOR perspective, is that the RETS data is designed to match each MLS’s unique practices so it typically resembles the field names and option values more closely to what you see when logged in to the MLS itself. RETS is also easier for third-party vendors to troubleshoot than a FTP feed, so any issues can usually be diagnosed and corrected quickly. Overall, RETS is more robust, typically contains more fields, is easier to access and is easier to support.
Full article on this subject: https://www.idxbroker.com/rets-vs-ftp
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