Real Estate & Construction  February 1, 2017

IRES declines offer to be acquired by REcolorado

 

LOVELAND — Information Real Estate Services Inc., a regional multiple-listing service for Northern Colorado, on Monday declined an unsolicited offer to be acquired by REcolorado, an MLS based in Greenwood Village.

Terms of the offer, presented Dec. 7, were not disclosed.

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Loveland-based IRES and REcolorado were embroiled in a spat in 2015 over data that was supposed to be shared between the two listing services.

“The majority of our consideration of this offer focused on the ultimate impact on our customers,” said Lauren Hansen, IRES’ chief executive. “We welcome input from all IRES subscribers and implement change whenever possible. Based on feedback from our customers, we do not feel this sale is the right move at this time but look forward to a broader, more inclusive dialog.”

An MLS is a service used by a group of real estate brokers that creates a system allowing each broker to see all other property listings for sale in a given geographic area. Colorado has 15 separate MLS operations.

Hansen said there are many models for consolidation and merger throughout the MLS industry and she believes a solution that serves both the consolidating parties and the needs of all constituents should be the ultimate goal for all concerned.

“Such an offer will most certainly be considered by our leadership, and we also believe this conversation should include multiple MLS organizations throughout Colorado,” Hansen said.

IRES was founded in 1996 by five boards and associations of Realtors in Boulder, Fort Collins, Greeley, Longmont and Loveland/Berthoud, IRES is the MLS provider for those boards and associations as well as Estes Park and Logan County.

 

 

LOVELAND — Information Real Estate Services Inc., a regional multiple-listing service for Northern Colorado, on Monday declined an unsolicited offer to be acquired by REcolorado, an MLS based in Greenwood Village.

Terms of the offer, presented Dec. 7, were not disclosed.

Loveland-based IRES and REcolorado were embroiled in a spat in 2015 over data that was supposed to be shared between the two listing services.

“The majority of our consideration of this offer focused on the ultimate impact on our customers,” said Lauren Hansen, IRES’ chief executive. “We welcome input from…

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