Industry News

Realogy announces multibrand franchise deal

Tomlinson Black affiliates with Coldwell Banker, Sotheby's

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The franchise group for Realogy Corp. (NYSE: H) announced today that its Coldwell Banker and Sotheby's International Realty brands have entered into long-term franchising agreements with the Tomlinson Black Group of Companies, which has 14 offices and about 500 sales associates in the Northwest. Sales associates for Tomlinson Black, a formerly independent real estate brokerage company based in Washington and Idaho, reported more than 10,500 closed transactions sides and a closed residential sales volume of $2.01 billion in 2005, and the company ranked 43rd in the nation for transaction sides and 79th in sales volume, according to real estate research and information company REALTrends. The company offers residential and commercial real estate services. Alex Perriello, president and CEO of the Realogy Franchise Group, said in a statement that the franchise affiliation is the largest in the history of the Realogy Franchise Group. Realogy was created last year through a spin-off of Cendan...