23 Apr The Litigation Between Sandicor Shareholders Has Ended
The three member Associations of Sandicor® MLS have agreed to a final settlement of all lawsuits resulting in a resolution to realign their MLS memberships to service the best interests of their respective association members. Sandicor® MLS is comprised of North San Diego County Association of REALTORS® (NSDCAR), Pacific Southwest Association of REALTORS® (PSAR), and Greater San Diego Association of REALTORS® (GSDAR).
The settlement was drafted and reviewed by attorneys representing each respective Association Of REALTORS®, Sandicor® and CRMLS. All parties involved support the details of the settlement. With this resolution, NSDCAR and PSAR will join California Regional MLS (CRMLS), and GSDAR will obtain its MLS through an entity separate but owned by GSDAR, named San Diego Multiple Listing Service, Inc. (SDMLS). The name Sandicor®, as a distinct brand in the San Diego marketplace, will cease to exist. Each Association has acted with the intention of providing its membership with the most valuable MLS products and customer service.
To ensure all members receive open access to as much information as possible, all three Associations have agreed to share data across both MLSs, maintaining the same county wide coverage there is currently. MLS Subscribers will continue accessing MLS data and have the same level of access and user experience through Paragon, the software platform San Diego-area MLS users have been using for over three years. All members will continue to have the same look and feel that Sandicor® members have grown accustomed to, with no disruption of service.
In addition to keeping the Paragon system in place for all agents in San Diego County, users will have access to all listings and sold data for the entire county as well. This resolution provides each Association with their desired MLS outcome. It is anticipated to take at least 6 months for the new shared Paragon system to be built. The new system will have the same design and functionality of the current system.
Jan Farley, President of PSAR, commented, “I’m pleased with the settlement. By becoming members of CRMLS, PSAR members will retain seamless access to the MLS system that they are already accustomed to. In addition, PSAR members will have a multitude of industry-relevant products and services available to them to assist in meeting their business needs”.
GSDAR President Steve Fraioli stated, “GSDAR is pleased to see that a settlement has been reached by all parties without any affect to the REALTORS® in San Diego County. GSDAR is looking forward to working with CRMLS, and we are excited about the opportunity to give our members the best MLS to serve their business needs.”
“Reaching a settlement that is beneficial to all San Diego County REALTORS is a victory. I am confident that this resolution is in the best interest of NSDCAR members,” said Carol Farrar, President of NSDCAR.