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gents in four states can now access a total of 1.9 million shared listings, thanks to partnerships between major MLSs in the Southeast and West. The trend of MLS data sharing has been embraced by major MLSs in these regions, providing expanded access to listings across four Southeastern states and throughout Colorado.

    Realtracs, a Tennessee-based company, recently announced that the Southeast MLS Alliance, a partnership it helped create, has opened up its data to more than 110,000 subscribers across Tennessee, South Carolina, Georgia, and North Carolina. This Alliance is a joint initiative of Canopy MLS, Charleston MLS, Georgia MLS, and Realtracs. When the partnership launched last year, Georgia MLS CEO Richard Boone said it was time for like-minded MLSs to come together and form a meaningful referral network that made geographic sense and kept members as top priority.

    With the official launch, members of the four MLSs now have access to 1.9 million additional listings across the region, according to a news release. Stuart White, CEO of Realtracs, said that this new data equips their customers with the exposure and efficiency they need to deliver excellent service to their clients, whether it be creating a referral network or finding a second home. This new data reshapes the real estate landscape.

    In Colorado, REcolorado and IRES MLS have updated their data-sharing partnership they established in 2020. This allows their 32,000 combined members to continue accessing active and historical residential information, photography, and videos across the platforms. The agreement contains some new provisions as well, including an extension of the termination notification period and plans to work toward the inclusion of commercial property. Both MLSs have agreed to operate in compliance with the National Association of Realtors settlement by removing the offer of compensation fields, including the removal of historical cooperative compensation from the two systems.

    Larry McGee, interim CEO of REcolorado, said that at a time of such dynamic change in the residential real estate market, this agreement represents stability for their subscribers. They are also bringing them more information and a platform to connect with thousands more Colorado real estate professionals and their customers.

    REcolorado made headlines this summer with the surprise announcement that the MLS was being sold to a private entity. Leaders of the MLS had been exploring the option of becoming self-owned; the decision by then-owners Denver Metro Association of Realtors (DMAR) and the South Metro Denver Realtor Association (SMDRA) to go another way generated industry-wide interest and for some, concern. In addition to tapping McGee as interim CEO, REcolorado replaced its board. The MLS is currently in the process of being sold to Equity Title of Colorado, which is led by Joseph Burks.