REcolorado Awaits Response from IRES

In December, REcolorado made a multi-million dollar offer to purchase IRES. Since then, REcolorado has received only one communication from IRES on December 27, requesting more time to consider the offer. As we await a formal response from IRES, we thought this would be a great time to provide you additional information about the offer, as well as address a few questions we’ve received.

The Offer

REcolorado strongly believes bringing agents in Denver and Northern Colorado together in a collaborative manner is in the best interest of brokers and agents, which is why we made an offer that includes:

— A generous multi-million-dollar payment, which can be shared among IRES’s owners.

— Representation on the REcolorado Board of Directors and policy committees, including the Rules and Regulations committee.

–An approach to continued improvement of technology by combining the best of both organization

–A commitment to maintaining technology and staff to serve subscribers locally.

REcolorado Matrix is Customized to the Local Market

Matrix is the MLS system that is used by 18 of the top 25 MLSs in the country. Why? Because it offers a user-friendly and CUSTOMIZABLE interface. REcolorado has a product team that works continuously to customize Matrix, based on feedback from subscribers. Last year alone, REcolorado made 100 enhancements to Matrix to ensure it meets the specific needs of Colorado brokers. Additionally, we’ve converted REALTORS® of Central Colorado (ROCC) to Matrix, which included adding and updating nearly 40 fields in less than a month and providing two new integrations specifically for ROCC members.

REcolorado Provides Subscribers Access to Historic Data

REcolorado subscribers have access to nearly 10 years of historic data in Matrix. This data is available for reporting, analyzing trends, and more.

Non-REALTORS Can Join REcolorado

REcolorado has approximately 20,000 members, both REALTOR® and non-REALTOR.

The Data Sharing Approach

Brokers in the Denver metro area and northern Colorado deserve the power and benefits that can only come from true consolidation. Data sharing is outdated and has been impeding industry progress. Coming together on one MLS system would provide the ability to see all of the data, see complete data, run reports from one system, follow the same rules, have access to collaborative tools, market your listings to a broader audience, and more.

REcolorado Customer Care

REcolorado recently surveyed its subscribers to get feedback on the quality of customer care they receive. Based on survey results, REcolorado ranked 15% higher than best-in-class national averages. Our friendly, knowledgeable team is available 6 days per week and even replies to inquiries on Sundays.

We are committed to coming together in a way that supports your business needs and we don’t plan to give up easily.

Together our future is bright! The REcolorado Team