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Colorado Real Estate For Sale | Multi Listing Services (MLS) Reconstituted

From Connecticut to California, the drumbeat of consolidation continues to rattle multiple listing services. It involves consolidation and cooperation between many different listing services. These moves will help Realtor’s like Legacy Real Estate Brokers Inc. to cross many boundaries and offer a wider range of real estate services to our clients and consumers as a whole.
Colorado’s Brokers need access to more information as a whole to educate there buyers. Properties, subdivisions and cities on borders of the current MLS set up will see the most benefit . They will be seen by both MLS boards and see more traffic.

More and more MLSs are hooking up to give their subscribers easier access to increased data at less cost. Thirty percent of REALTORS® and MLS executives who responded to the Center for REALTOR® Technology’s 2007 MLS Technology Survey reported that their service had merged with one or more MLSs. That’s up from 15 percent the previous year. Another 38 percent reported that their MLS was considering consolidation.
Colorado will be merging the Denver MLS and IRES the Northern Colorado MLS by February 2008. The
Pikes Peak board has also been contacted to come on line with the merged northern boards. This project is still in the works. In the 1980s and ’90s, local MLSs merged to form regional MLSs. Now, regional MLSs are merging to form mega MLSs as their subscribers clamor for even greater efficiency. In early 2007, all but a handful of the MLSs in Connecticut morphed into a statewide MLS. Since then, Connecticut MLS executives have heard from individuals in other states including Texas, Florida, and North Carolina, who want to learn more about the Connecticut model.

Economics is driving much of the change. As market growth blurs boundaries between previously distinct regions, brokers can be forced to join two or more MLSs to access the listings they need to serve clients. That means paying additional fees, following separate rules, and learning different formats. As technical barriers to merging or sharing data fade, consolidation is an appealing antidote for many. However, some MLS owners, whether brokers or real estate associations, remain reluctant to surrender the control and revenue that MLS ownership provides. All of these moves are doing what’s right for the consumer and will allow many real estate firms like Legacy Real Estate Brokers, Inc. to offer a wider breath of services which means more access ultimately to you the consumer, which is great news in today’s real estate market.

Tom Reed and Bill Brown are local authors and real estate experts of Legacy Real Estate Brokers Inc. in Denver Colorado. You can visit there website at www.discovercoloradorealestate.com

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3 Responses to “Colorado Real Estate For Sale | Multi Listing Services (MLS) Reconstituted”

1. Scott Thibaut Hancock Says:
   November 21st, 2009 at 12:07 pm

   I just wanted to thank you very much for this illuminating article. I have already bookmarked your site, when I have more free time I am going to have to do some further browsing. Well back to my dreaming of Panama or back to the books – I wonder which one is going to win out.

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3. Mireille Caposole Says:
   January 20th, 2010 at 7:50 am

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