Will a seven-figure surprise be the offer that Colorado’s second-largest MLS can’t refuse? REcolorado, the Centennial State’s largest MLS, has made an unsolicited multimillion-dollar offer to buy its neighbor to the north, Information and Real Estate Services (IRES).
- Colorado MLS REcolorado has made an unsolicited, multimillion-dollar offer to buy its smaller neighbor to the north, IRES MLS.
- REcolorado's CEO says consolidation of the two MLSs would offer agents and brokers better costs and services and complete access to listing data over a bigger geographic area.
- IRES officials will hold a meeting on Dec. 19 to discuss the offer. Some members expressed concerns about the acquisition potentially leading to less MLS competition, higher costs and neglected local needs.
The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills