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Colorado brokers ask for merger, but one MLS says ‘no’

07/27/2017

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A Colorado MLS has declined to participate in a merger effort, despite a request from large brokers in the state to do so. After “highly charged” merger talks, in late May the two largest MLSs in the state, REcolorado and Information and Real Estate Services (IRES), signed a letter of intent to merge, setting an “aggressive” deadline of November 1 for a signed commitment to merge. At the time, the neighboring Pikes Peak Association of Realtors and its MLS, the Pikes Peak Realtor Services Corp. (RSC) were not participating in the talks, but were considering doing so. In February more than 20 large brokerages in the state sent a letter to all three MLSs requesting that they consolidate into a single database “no later than January 1, 2018, to enable us to do our jobs, serve our clients and remain relevant and valuable to the people who pay us.” REcolorado has about 20,000 agent, broker and appraiser subscribers; IRES has about 6,000; and RSC has about 3,600. All three operate …

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