The Greater San Diego Association of Realtors filed a federal lawsuit Thursday against its own MLS, Sandicor Inc., and its fellow Sandicor shareholders. GSDAR owns Sandicor, which has 19,500 members, along with the North San Diego County Association of Realtors and the Pacific Southwest Association of Realtors. The allegations GSDAR, which has more than 12,000 members, makes the following allegations: Sandicor and the other shareholders have denied GSDAR access to its own MLS data The other shareholders have used Sandicor to compete unfairly with GSDAR for members The other shareholders have used Sandicor funds to "push" a potential merger with California Regional MLS -- the nation's largest MLS at nearly 80,000 members "Although Plaintiff owns a supermajority of Sandicor's outstanding shares and contributes most of Sandicor's funding, Sandicor's board is controlled by PSAR and NSDCAR," attorneys for GSDAR wrote in the complaint. "They have used this position of...
- The Greater San Diego Association of Realtors filed a federal lawsuit Thursday against its own MLS, Sandicor.
- GSDAR alleges that Sandicor has withheld access to data and that other shareholders have used Sandicor unfairly to compete with GSDAR.
- The complaint demands, among other items, a jury trial, a minimum of $1.5 million in damages, restitution and more.
Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel