Industry News

Sotheby’s real estate affiliations for sale

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The Sotheby's brand is now set to expand. Managers at Sotheby's International Realty Affiliates, Inc. announced today that the company is now authorized to sell franchise affiliate memberships in 47 states, with registration still pending in Maryland, Minnesota and North Dakota. "We are very enthusiastic about this milestone as we can formally address the incredible amount of inquiries we have had from interested potential affiliates," said Rich Green, senior vice president, membership sales, Sotheby's International Realty Affiliates Inc. "We have collected an extensive list of leading firms interested in affiliation, and we are now in position to determine whether they meet our eligibility requirements." The Sotheby's International Realty brokerage network was founded in 1976 and has grown to 155 affiliates and 15 company-owned brokerage offices in the United States. Sotheby's, which has a reputation for handling luxury residential properties, also has international offices. Sothe...