Sotheby's International Realty expands Down Under

Opening next month, Sydney office will cover New South Wales

Realogy Corp. subsidiary Sotheby’s International Realty Affiliates LLC announced today that it’s entering the Australian market, having signed a 25-year master franchise agreement with a Sydney real estate veteran to develop the brand in New South Wales.

Michael Pallier, formerly a principal and licensee of Raine and Horne Double Bay in Sydney, will serve as owner and managing director of Sydney Sotheby’s International Realty, which will market its listings on the global website.