Where Real Estate Gets Its Dirt

“Deal in place…” for REColorado MLS sale to private equity firm

Deal in place to sell REcolorado to private equity firm 

“Shelly Vincent, vice chair of REcolorado, on Monday night confirmed that the owners of the MLS — Denver Metro Association of Realtors (DMAR) and the South Metro Denver Realtor Association (SMDRA) — shared a letter of intent to sell REColorado to a newly formed LLC from outside the real estate space.

The sale could be final in weeks.”

Stephanie Reid-Simons, RealEstateNews.com

Holy shit! But if I’m reading between the lines the deal isn’t done.

So many questions!!

Nice scoop RealEstateNews.com!

  1. So an opt out by virtue of sale from the settlement on a going forward basis with no recourse for prior bad acts. Brilliant.

    Seller stated buyer commissions live on in Colorado.

  2. Dumbest thing SMDRA and DMAR have ever done. A knee jerk reaction to the NAR settlement that will cause higher costs to brokers and loss of membership to both associations! Association CEO and leadership should be run out of town!

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