What does “data exchange and integration” mean?
REcolorado and IRES will exchange MLS data, which will be integrated into their respective MLS systems, IDX and VOW feeds, the REcolorado App, public-facing websites, and integrated products, with three (3) years of listing history allowed.
When will the exchanged and integrated data be available in the MLS systems and other products?
Work to integrate the data between the systems has already begun. We expect IRES data to be available in REcolorado Matrix and REcolorado data to be available in IRES’s system in the fourth quarter of 2020. We will continue to work to make data available in additional products and will keep you updated as our efforts progress.
Will PPAR or other associations be included in this data exchange and integration?
Pikes Peak Association of REALTORS® (PPAR) is not included at this time. REcolorado’s goal is to make a greater depth and breadth of data available to all real estate professionals throughout the state. This is one of the reasons we launched a new version of Matrix that has RESO Platinum certification. We are open to forming additional data integration partnerships with any MLS organization throughout Colorado, including PPAR.
What listing data will REcolorado and IRES exchange and integrate?
REcolorado and IRES have agreed to exchange the following:
- Residential for sale, residential income, land, and farm Property Types (Commercial and non-MLS will not be included: timeshare, mobile home, manufactured, business opportunity, rental)
- Closed listings (Sold) within the last three (3) years
- Expired listings within the last three (3) years
- Photographs, images, graphics, video recordings, virtual tours, drawings, written descriptions, remarks, narratives, and pricing information
Where will the data REcolorado and IRES exchange be used?
The exchanged data will be integrated into the MLS systems, as well as various products offered by each MLS. At REcolorado, the exchanged data will be integrated into REcolorado Matrix, market statistics, REcolorado.com, and the REcolorado App. Consumers will see the exchanged data in the REcolorado App and on REcolorado.com.
How do I know which MLS system to use for entering my listings?
We encourage you to evaluate the complete set of products and services offered by both REcolorado and IRES and choose the one that will work best for you and your business.
Do I need to have an account with both REcolorado and IRES?
The MLS subscriptions you maintain is an individual decision based on your business needs. Not all data from both systems is available through data exchange and integration. Some property types, including commercial and non-MLS (listed above), are not included. Consider whether you need access to these property types and historical data for longer periods of time (more than three years) in your decision.
Can I join REcolorado if I’m not in the REcolorado core service area?
Absolutely. REcolorado has subscription options to meet the needs of brokers anywhere in Colorado. We offer premium and limited access subscriptions, with the ability to switch between subscription types at any time. Our Connect with REcolorado information sheet has more information.