Santos v. Chappell

The Long Island Board of Realtors, Inc. (called LIBOR) is the principal trade association for real estate brokers in Nassau, Suffolk and Queens Counties. Since 1965, it has been torn by an internal dispute over its activity known as the multiple listing service, sometimes abbreviated as MLS.

MLS is a voluntary property listing service, dealing primarily with residential property, available to LIBOR members who wish to subscribe, pay the requisite initiation fee and agree to be bound by its rules. Subscribers forward all their exclusive listings to a multiple listing service committee (MLC)…