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This IRES Is Not In The Eye But It Impacts How Real Estate Agents See Colorado
For those who are new to real estate, a MLS (multiple listing service) is an electronic system where listings for homes are aggregated and searchable. Real estate agents use MLS information to help buyers and sellers market their homes and get important information. Usually the machinations of MLS systems goes under the radar and the business of real estate continues uninterrupted.
However, the ever changing working relationship between the REColorado Matrix MLS, created by the Denver Metro Area Boards of REALTORS®, and the IRES MLS, created by the Northern Colorado and Boulder Area Boards of REALTORS®, has brought these often taken for granted services to the forefront. Up until March 2nd, the two had an agreement to share data. Why? Because, as the population of Colorado has grown, the population of the Denver Area has sprawled out in every direction, the population in the Boulder Area has pushed East in an effort to find more affordable options, and the population on Northern Colorado has grown toward Denver along I-25.
This merging of the population was not problematic for real estate agents until that faithful day that the two MLS systems stopped sharing information. Now, it is really hard to distinguish the boundaries of the various Metro Areas and the boundaries of the MLS services. There is no requirement that a certain property needs to be listed on a certain MLS. So now we are in a real estate informational wild west scenario. In this age, we have all become accustomed to having any bit of information we need right at our fingertips. However, in real estate, this is now not the case. Even the most basic information about a property can be hidden from view.
What is the answer? You need a REALTOR® that is a member of both MLS systems! Aren't they all? Nope! There is a fee to join each MLS service, so many real estate professionals have decided to choose a side and stick there. Also, some have emotional and office political stakes in one MLS over the other. While this is human nature, this does not work in the new, ever merging and growing, Colorado. People who are looking to buy and sell in the areas of overlap of the two MLS services, especially those in Longmont, South Boulder County, Golden, Adams County, and South Weld County, have the most at stake. Only half of the buyers will see your property and buyers will only have half of the options, if your real estate agent has picked a side.
This is why I chose to join both MLS systems! I value having the most and the best information available above the cost associated with joining and business politics. I want to make sure that my buyers and sellers have the best opportunities available to them. My clients needs come first! When you choose an agent to represent you, don't you want someone who values your needs first?
My name is Michael Ross Steffen. I’m an Exit Realty Cherry Creek Agent in the Denver metro area and Team Leader For Generation Property Group! We specialize in advanced Internet marketing, buying, s....