Industry News

Sotheby’s signs first U.S. real estate franchisee

Five-office luxury real estate firm signs on in New Mexico

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Sotheby's International Realty Affiliates has signed its first franchisee in the U.S. French & French Fine Properties, an independent luxury real estate brokerage with four offices in Santa Fe, N.M., has signed a franchise agreement with Sotheby's.   In addition, French & French has acquired the NRT-owned Sotheby's International Realty office in that market. The combined company is now comprised of five offices and 145 sales associates and will operate as French & French Sotheby's International Realty.   French & French has operated as an independent residential real estate company serving Santa Fe and northern New Mexico for more than two decades.    French & French is owned by Bob McCord, a Scottsdale, Ariz.-based real estate entrepreneur. McCord acquired French & French in April 2004, and it is his company's first holding outside the state of Arizona. Michael French, president of French & French Fine Properties, will continue in a l...