Industry News

Sotheby’s inks real estate franchise deals

Expands reach in U.S., Canada

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Sotheby's International Realty Affiliates this week celebrated its one-year anniversary as a luxury real estate franchise system by announcing a master franchise for Western Canada and the addition of two premier real estate companies to its luxury franchise network. The organization was established last year and began awarding franchises in summer 2004, already attracting 17 premier firms in the U.S. and two international franchises. Earlier this week, Sotheby's International Realty Affiliates Inc. awarded exclusive master franchise rights for the Canadian provinces of Alberta and British Columbia to a partnership headed by Vancouver businessman Ross McCredie. The company will operate as Sotheby's International Realty Western Canada. Sotheby's International Realty Affiliates, Inc. also announced the addition of two real estate firms to its luxury franchise network this week. Big Sky Realty, located in Big Sky, Mont., joined the system and will now do business as Big Sky Sotheby'...