Sotheby's International Realty Explained

Sotheby's International Realty
Foundation:1976[1]
Area Served:Global
Key People:Philip A. White, President & CEO
Industry:Real Estate
Products:Luxury Homes
Parent:Anywhere Real Estate, Inc. (2004–present)

Sotheby’s International Realty is a luxury real estate brand founded in 1976 by Sotheby's fine art dealers. Sotheby's International Realty operates as a franchise focusing on brokering and marketing of residential real estate.

As of 2018, the Sotheby's International Realty network had more than 19,000 sales associates in 990 offices in 72 countries and territories worldwide.[2]

Franchise system

In February 2004, Sotheby’s entered into a long-term strategic alliance with real estate services provider Realogy Holdings Corp., now Anywhere Real Estate, Inc. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system. Franchises in the system are granted to brokerages and individuals meeting Realogy's qualifications. The franchisor supports its agents with operational, marketing, recruiting, educational, and business development resources.[3] In 2012, the company launched a website for farm and ranch listings, the first in a series of specialty market Internet listings.[4] Subsequently focused marketing websites include waterfront, golf, ski, and historic properties.

Sotheby's International Realty has offices worldwide with the most of them in USA, and Europe (Antwerp, Porto, Paris, Montenegro,[5] Dublin...)

Reside magazine

The company publishes Reside, a semi-annual real estate and lifestyle magazine, which won the Hermes Platinum Award for creative excellence and outstanding design and editorial in 2009.[6]

See also

Notes and References

  1. Web site: Through Time - Sotheby's International Realty . Sothebysrealty.com . 2012-02-07.
  2. Sotheby's International Realty Exceeds Record $112 Billion in Global Sales Volume for 2018 . . February 27, 2019.
  3. Web site: April 21, 2021. Sotheby's International Realty Launches First Transcreational Global Advertising Campaign. Bloomberg.com. Bloomberg.
  4. Sotheby's International Realty Brand Introduces Luxury Website for Farm & Ranch . sothebysrealty.com . 2012-06-07 . 2014-01-09.
  5. Web site: 2020-03-21 . Sotheby's International Realty opens office in Porto Montenegro . 2023-02-08 . nekretnina.me . en-GB.
  6. Sotheby's International Realty Brand's RESIDE Magazine Honored with Hermes Platinum Award . RIS Media . June 19, 2009.