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Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby`s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Sotheby`s International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. In February 2004, Realogy entered into a long-term strategic alliance with Sotheby`s, the operator of the auction house. The agreement provided for the licensing of the Sotheby`s International Realty name and the development of a full franchise system. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby`s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby`s auction house, established in 1744.
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