Industry News

Sotheby’s franchisor company grants master license in Canada

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Sotheby's International Realty Affiliates Inc., a subsidiary of Realogy Corp. (NYSE: H), today announced that it has awarded exclusive master franchise rights for the Sotheby's International Realty brand for all of Canada. The franchise company has awarded the rights to Sotheby's International Realty Canada, a luxury real estate firm owned by Vancouver businessman Ross McCredie, according to a company announcement. Sotheby's International Realty Canada already has offices in Western Canada and is opening new offices in Toronto and Montreal. "Ross McCredie has emerged as a leader in Canadian's luxury home market and his savvy business acumen will help expand our prestigious global network," said Michael R. Good, president and CEO of Sotheby's International Realty Affiliates Inc., in a statement. "We are growing with offices located in international cities around the world, and we are very pleased that our luxury real estate services will be available in Toronto and Montreal." And the ...