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According to an IRES news release today, IRES and REcolorado have made a firm commitment to merge.
If the merger proceeds, the integration of the MLS organization’s products and services, and listing data will happen soon after. As in many merger scenarios, here at UltimateIDX we anticipate the IDX RETS feeds from IRES and REcolorado to also be unified, but this may take anywhere from 4-12 months.
The binding merger agreement has been signed by Lauren Hansen, CEO of IRES, and Kirby Slunaker, president and CEO of REcolorado. The shareholders are expected to review and vote on the merger agreement in the coming weeks.
Stay tuned for updates.
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How is this merger going? What does this merger mean for buyers and sellers in Colorado?