The Real Estate Encyclopedia
Sotheby's Real Estate
Category - Real Estate Companies - Real Estate Franchises

Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby's International Realty® network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world.

In February 2004, Realogy Corporation (then Cendant Corporation), the world's leading real estate brokerage franchisor, entered into a long-term strategic alliance with Sotheby's Holdings, Inc. (LSE: STBA). The agreement provided for the licensing of the Sotheby's International Realty name and the development of a full franchise system by Sotheby's International Realty Affiliates LLC., a subsidiary of Realogy Corporation. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby's International Realty Affiliates LLC. supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable, 260-year-old Sotheby's auction house.

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Leadership

Michael R. Good President and Chief Executive Officer  

Philip A. White, Jr. Chief Operating Officer

 
Category(s)
Real Estate Companies - Real Estate Franchises
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