IRES, REcolorado Integrate MLS Platforms

ByGeorge Ryan|Jun 15, 2020|Industry News, Local Real Estate, News

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By Lucas High — June 14, 2020

LOVELAND — Information and Real Estate Services LLC, a Loveland-based multiple listing service that operates in Northern Colorado and the Boulder Valley, and Denver real estate listing platform REcolorado have consummated a data-sharing agreement in which the MLS listings will be fully integrated.

IRES and REcolorado first joined forces in January with a less-comprehensive deal to allow one another internal access to their Real Property Resource View platforms.

Under the new agreement, brokers throughout both territories can access the full combined MLS platform. For example, brokers in Loveland could search listings in Lakewood without bumping into artificial boundaries inherent to nonintegrated MLS platforms.

Data mapping has already begun behind the scenes, and members of each organization will be advised when the process is complete and shared listing information is available, according to an IRES news release. The integration process is expected to take several months.“Consolidation, in some form or another, is on trend in the MLS industry and this partnership is a terrific step forward in making real estate industry tools more effective for everyone — from homebuyers and sellers to Realtor and brokers across Colorado’s Front Range and beyond,” IRES chairman Chris Hardy said in a prepared statement. “This agreement helps to remove fragmentation that has plagued our state’s real estate space for many years and signals both organizations’ commitment to meeting broker demand for MLS collaboration.”

In recent years, IRES has explored the possibility of a merger with REcolorado to form a regional multiple-listing service. But merger negotiations faltered in 2018.

In 2018, IRES entered into an agreement to share home-listing data with Pikes Peak Realtor Services Corp., an MLS in El Paso and Teller counties.

Featured in BizWest – June 14, 2020
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