Burks stated, 'We are committed to ensuring that REcolorado not only remains the foundation of Colorado's real estate community but continues to set the standard for excellence and innovation as a subscriber-focused MLS.' This sentiment signals a shift in strategy following a turbulent transition and aims to reassure stakeholders about the integrity and future of the MLS under new ownership.
Sources indicated that escalating tensions between DMAR and SMDRA and the previously governing board led to the abrupt decision to sell to Burks, showing the complex dynamics at play in Denver's real estate scene.
The former board members cautioned that private ownership of REcolorado could potentially compromise the integrity and security of crucial real estate data, raising concerns among Denver-area agents about data management under the new governance.
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