MLS cuts off data share after rejection of buyout offer

  • 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."

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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.