Joseph Burks, REcolorado's new owner, stated that Dana Bennett brings the ideal combination of local market expertise and strong industry relationships, which are crucial for the organization's future.
The recent introduction of a revised participation agreement grants REcolorado ownership of the data entered into the MLS by listing agents, leading to concerns about data ownership and control.
After a tumultuous year, tensions between REcolorado and the Realtor associations began to escalate, primarily fueled by concerns over antitrust lawsuits affecting the industry.
After Burks took ownership in June, critics expressed skepticism regarding his true motive, suggesting that data acquisition could be a significant factor behind the MLS purchase.
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