Sotheby's International Realty
|Subsidiary of Realogy|
|Parent||Realogy Holdings Corp. (NYSE: RLGY)|
Sotheby’s International Realty is a luxury real estate brand founded in 1976 by the Sotheby's Auction House. Sotheby's International Realty operates as a franchise focusing on brokering and marketing of luxury residential real estate.
In February 2004, Realogy Holdings (NYSE: RLGY), a real estate franchising and provider of real estate brokerage, relocation, and settlement services, entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system. Affiliations in the system are granted to brokerages and individuals meeting Realogy's qualifications. Sotheby’s International Realty Affiliates supports its agents with of operational, marketing, recruiting, educational, and business development resources.
As of 2013, the network had nearly 14,000 sales associates located in approximately 680 offices in 49 countries and territories.
Specialty market websites
In 2012, the company launched a website for farm and ranch listings, the first in a series of specialty market Internet listings. Subsequent focused marketing websites include waterfront, golf, ski, and historic properties.
The company publishes Reside, a semi-annual real estate and lifestyle magazine. In 2009, the publication won the Hermes Platinum Award for creative excellence and outstanding design and editorial in the overall magazine category.
- "Through Time - Sotheby's International Realty". Sothebysrealty.com. Retrieved 2012-02-07.
- "Sotheby’s International Realty Brand Introduces Luxury Website for Farm & Ranch" (Press release). sothebysrealty.com. 2012-06-07. Retrieved 2014-01-09.
- "Sotheby’s International Realty Brand’s RESIDE Magazine Honored with Hermes Platinum Award" (Press release). sothebysrealty.com. 2009-06-18. Retrieved 2013-12-30.
- "Sotheby's International Realty Brand Wins 'Best in Category' for Sixth Consecutive Year in Franchise Business Review's Franchisee Satisfaction Awards" (Press release). finance.yahoo.com. 2013-03-14. Retrieved 2013-12-30.