Looks like Colorado’s two largest MLSs won’t be joining forces anytime soon. Information and Real Estate Services (IRES), the Centennial State’s second-largest MLS, has rejected a multimillion-dollar buyout offer from the state’s largest MLS, REcolorado.
- Northern Colorado MLS IRES has declined a multimillion-dollar acquisition offer from its southern neighbor, REcolorado.
- IRES said the offer did not serve its customers' interests and offered an alternative: discussions with MLSs throughout the state.
- REcolorado said such conversations have already been taking place in the last 15 years and gone nowhere.
- REcolorado informed IRES this week that it had decided to end a 14-year-old data share between the two MLSs, calling it "an impediment to our progress."