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REColorado makes multi-million dollar offer to purchase IRES MLS

by Greg Robertson on December 8th, 2016

Leaked document outlines plan….

“REcolorado has made a multi-million dollar offer to purchase all of the assets and liabilities of IRES. This will empower agents and brokers with the benefits that can only come from a real consolidation. MLS regionalization will remove boundaries and provide additional products and services to agents to help them better serve the consumer.”

Looks like Kirby doesn’t screw around. I haven’t heard of an MLS to straight up make an offer to acquire outright.

IRES has over 5,500 members and run their own homegrown MLS, REColorado (formerly Metrolist) has about 19,000 runs Matrix.

Developing…

From → MLS, Rumor

One Comment
  1. Consolidation makes sense. Every state should go through a process of selecting a single MLS for all statewide members. It will serve the consumers better and it just makes common sense. Granted, there are a lot of players with a piece of the pie so the challenges may be daunting in some cases. Kudos for REColorado for stepping up!

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