The Real Deal Miami

Miami real estate twins sued for allegedly stealing from website company

Partner of real estate website company alleges the brothers engaged in self-dealing
By Katherine Kallergis |
Research by Haru Coryne
March 14, 2019 04:30PM

The Panda IDX team, with Miguel and Marco Peralta and Gary Silber

Miami real estate agents Miguel and Marco Peralta are being sued by their partner in the real estate website company Panda IDX, who alleges the twin brothers stole money from the firm.

Gary Silber, a partner at Panda IDX, filed suit against the Peralta brothers for allegedly stealing money from corporate accounts, self-dealing, engaging in conflicts of interest, and otherwise neglecting their responsibilities to Panda. The suit was filed last month in Miami-Dade Circuit Court.

The brothers are also agents with Dezer Platinum Realty. Marco Peralta declined to comment, and Silber could not be reached for comment through his attorney.

Panda IDX creates websites for real estate agents that are integrated with the Multiple Listing Service and update every two hours, in addition to other features. It charges about $70 a month for an agent plan or $90 a month for an office. Panda stands for “Property Access N’ Detailed Analysis,” according to its website. The company incorporated in Nevada but its principals are based in South Florida.

The website also runs a blog, where posts include “Best Websites For Professional Realtors,” “Realtors And Homes For Sale,” and “How To Work Like A Luxury Realtor.”

The brothers’ real estate website, Miamirealestatetwins.com, built by Panda IDX, includes their listings, an MLS search bar and a blog. Their tag line is, “Before you make a move… Think twice.”

According to Panda IDX’s website, Marco Peralta is the company’s “art director, designer and creative thinker.” Miguel and Marco are both listed as creators, while Silber says he is “the heart.” Silber deals “with the back of the house that requires numbers,” according to the website.

Silber is seeking compensatory damages, attorneys’ fees, court costs and other relief. In the lawsuit, he’s alleging that Marco and Miguel Peralta violated their fiduciary duty of loyalty and care, and allegedly failed to carry out their duties in the best interests of the company. The suit also seeks “judicial dissolution” of Panda IDX and for the court to appoint a receiver.