In recent industry news, REcolorado MLS has introduced a new Participation Agreement that has been met with mixed reactions from agents, lawyers, and consultants. While some individuals argue that the agreement effectively grants co-ownership of an agent’s listings data to REcolorado, with the potential consequence of the MLS denying access to an agent’s data feed, the company has refuted these claims, stating that the agreement does not have such implications.
Key points from the text include:
– REcolorado MLS has implemented a new Participation Agreement under its new ownership
– Some industry professionals believe the agreement grants co-ownership of an agent’s listings data to REcolorado
– Concerns have been raised about the potential for REcolorado to deny access to an agent’s data feed based on the agreement
– REcolorado has publicly denied that the agreement gives them the right to co-own listings data or restrict access to data feeds for agents
You can read this full article at: https://www.housingwire.com/articles/recolorado-wants-to-move-past-the-drama-new-participation-reignites-controversy/(subscription required)
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