|Regarding the communications between RE Colorado and IRES, we believe the time has come to address our issues in the best interests of our brokerage community and the real estate industry as a whole. IRES consistently opted to take the high road throughout this process, and there is no reason to stray from that course now. We have made numerous requests to schedule a meeting of the minds to resolve these issues that are so important to both organizations.
IRES has consistently suggested negotiating a new or revised data sharing agreement, updating the 2003 agreement, to reflect what brokers and appraisers need to do their job (e.g. 3+ years of exchanged sold data). Following a conference call in June between all CCM parties (Colorado Cooperative MLS), the follow up call was cancelled and IRES instead received a cease and desist letter from RE Colorado.
To take this tack is particularly poignant when both MLS organizations are immersed in an industry based on negotiation: To determine the listing price, arriving at a mutually agreeable selling price, and even addressing the custom light fixture that was overlooked in Inclusions or Exclusions. Through communication we find a way to meet in the middle. It happens every day in real estate.
IRES remains willing to negotiate and has reached out numerous times to get interested parties around the table, including a small group of brokers representing both sides. Those offers have gone unanswered and instead, a Notice of Termination was received by IRES from RECO. Still, we are willing to meet and resolve this unfortunate situation. We believe the needs of our brokers, appraisers and consumers are paramount.
Has IRES taken steps to meet the demands of RECO? Yes:
Shackling our brokers with more barriers and less information, particularly on the cusp of TILA requirements taking effect on October 1 is ill timed.
Thank you for your ongoing support as we work toward a solution on behalf of our subscribers.
Lauren Hansen, CEO