The MLS is undergoing a significant change as it moves away from its association with Realtor organizations and transitions to a newly established private company. Larry D. McGee, a respected broker, has been appointed as the interim CEO to oversee this transition.
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With the recent sale that would separate REColorado from local Denver Realtor organizations, the MLS, which ranks as the 16th largest in the nation, has appointed a new interim CEO to lead the way during this transition.
Larry D. McGee, the owner and managing broker of Novella Real Estate, will be at the helm as the MLS finalizes this unexpected sale, as announced in an update released on Monday. McGee, a former chairman of the REColorado board, brings valuable experience to this role.
The MLS will also form a transitional board of directors, including:
- Brenden Baily, CEO of the Denver Metro Association of Realtors
- Jessica Reinhardt, past president of the Denver Metro Association of Realtors
- Melissa Maldonado, CEO of the South Metro Denver Realtor Association
- Janet Marlow, past president of the South Metro Denver Realtor Association
These updates were shared in a FAQ page dated June 30 and were initially reported by Real Estate News.
Following the removal of the previous board, the temporary board, led by McGee, has taken charge. This change comes after the departure of Gene Millman, the former president and CEO of the MLS.
In its announcement, REColorado mentioned that information regarding the proposed sale was leaked in violation of a confidentiality agreement with the buyer.
The buyer, known as MAZL, LLC, remains shrouded in mystery, with little information provided by REColorado’s owners. Speculations suggest that the buyer may consist of executives from real estate service companies near Denver based on the address associated with MAZL.
The address listed for MAZL is located in the same building as MetroBrokers Elite, sharing a suite with the broker service company Re-Sure, Inc., formerly known as Hana Software since January 2024.
Attempts to reach Re-Sure for clarification were unsuccessful, and questions sent to the email address associated with Hana Software’s website went unanswered. Industry observer Greg Robertson made connections between these related companies in a recent blog post on Vendor Alley.
Requests for comments from REColorado and other involved parties have not been immediately addressed, adding to the intrigue surrounding this sale.
REColorado stated in its FAQ that it is unable to disclose further details or a timeline for the completion of the sale, maintaining a level of confidentiality regarding the transaction.
Contact Taylor Anderson via email