Colorado MLSs sign binding merger deal under pressure to move fast

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Following a non-binding agreement signed in September, the Denver area’s REcolorado and Northern Colorado’s Information and Real Estate Services (IRES) signed a binding merger agreement with approval from REcolorado’s board of directors and IRES’s board of managers. Now, only association shareholder votes are needed to make the merger final.

Although the two MLSs had hoped to hold the votes in December, they have been postponed until January while attorneys for all parties review the merger documents.