Are REcolorado & IRES Moving Towards a Merger? New Info Suggests Maybe?

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Real Estate Technology with Buying Buddy IDX CRM Suite

After years of stop-and-start, a recent failed takeover bid of IRES by REcolorado and an announcement that they will no longer share data, are you worried that these two will never find a way to “make it work”? Well, some new information suggests there might be a light at the end of the tunnel.

 

More than 20 major brokerage firms recently sent the parties involved a letter requesting they come up with a solution to the multi-MLS “situation”, and gave them a June 1st deadline to respond. REcolorado and IRES seem to have accepted the challenge and jointly announced they have hired T3MLS, an MLS consolidation consultancy, to help them merge their different platforms.

 

How will this affect IDX RETS?

 

Previous data sharing agreements between IRES and REColorado were limited to MLS data sharing only, there was never any consideration of a combined IDX data feed, meaning that agents and brokers wanting IDX from both MLS were required to obtain two IDX feeds, one from each MLS.

 

At Blue Fire Group, we don’t see any short-term fixes to this dilemma. Even if IRES and REcolorado get closer together and re-establish data sharing, we don’t expect them to offer a combined IDX RETS feed unless they do end up actually merging. However, even in this case, it could still be 12-18 months before that is delivered.

 

Add IRES or REcolorado to Your My Buying Buddy Account for Free

 

If you are a member of both IRES and REcolorado looking for a dual IDX solution, then for the next few months we are waiving our “additional MLS fee” for new My Buddy IDX CRM accounts, when both IRES and REcolorado IDX feeds are included.

 

Until this situation can be sorted out and finalized, we will make our best effort to work with Agents from Denver and Northern Colorado to ensure access to both MLS IDX feeds at a reasonable cost. For more information about the MBB solution and/or our product options, contact us.

Posted by

Paul Eastwood
Buying Buddy IDX CRM


With the Buying Buddy IDX CRM suite, you are in control! The suite integrates marketing, Lead Capture, and Lead / Client Management all in your website, wherever it is hosted and whatever technology you use.

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