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Instanet, Florida Realtors split spawns lawsuit

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A decision by Florida's state Realtor association to develop its own transaction management software and cancel a contract with a vendor that had been providing those services to its members for nearly a decade has triggered claims and counterclaims by both parties in U.S. District Court.The vendor, Concepts In Data Management U.S. Inc. -- better known to its customers as Instanet Solutions -- alleges that a subsidiary of Florida Realtors Inc. utilized confidential information including software code to reverse engineer CDM's Web-based transaction management services, TransactionDesk and Forms Online Gold.CDM claims that Florida Realtors' subsidiary, Real Estate Industry Solutions LLC (REIS), developed its own transaction management application, Form Simplicity, with the intention of not only replacing CDM as the provider of services to Florida Realtors, but to compete with CDM in the national market.Attorneys for REIS deny those allegations, saying Form Simplicity was developed becaus...