REcolorado surprises MLS neighbor with seven-figure purchase offer

  • 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.

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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).