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[9 Oct 2014 | No Comment | 898 views]
State Supreme Court upholds $150k judgment against Arkansas Realtors Association

On September 25, the Arkansas Supreme Court upheld a May 2012 judgment from the Washington County Circuit court ordering the Arkansas Realtors Association (ARA) to pay $150,000 for breaching a contract with Real Forms Arkansas.
The contract at issue was entered into in 2010 by Springdale-based Real Forms and the ARA. Real Forms was under a five-year contract to provide real estate contracts software to the ARA which would be sold to Realtors throughout the Natural State. The contract would have generated at least $600,000 in revenue for Real Forms.
The contract …