December 07, 2009 // Franchising.com // PARSIPPANY, N.J. -- Sotheby's International Realty Affiliates LLC today announced that Renwick & Winterling Realty Inc. in Bedford, N.Y., has signed an agreement to become a member of its luxury real estate network.
In January 2010 the firm will begin doing business as Renwick Sotheby's International Realty, with James B. Renwick continuing in his role as broker and owner. The firm will service New York's Bedford, Pound Ridge, Lewisboro and North Salem communities.
"We chose this firm to represent the Sotheby's International Realty® brand because of its leadership team's market knowledge and expertise," said Michael R. Good, president and chief executive officer, Sotheby's International Realty Affiliates LLC. "Renwick & Winterling Realty has served the real estate needs of its community since 1879, creating a legacy of quality and professionalism."
The firm's office is located at 634 Old Post Road, Bedford, N.Y., and has 17 sales associates.
"We are honored to join the Sotheby's International Realty brand and carry its name in our market," said Renwick. "We have proudly represented the area's high-end real estate through four generations. We remain committed to representing our clients in the most ethical, knowledgeable and professional manner, and look forward to offering them a new level of exposure, both locally and worldwide."
The Sotheby's International Realty network currently has more than 10,700 sales associates located in approximately 500 offices in 40 countries and territories worldwide. Renwick Sotheby's International Realty listings will be marketed on the sothebysrealty.com global Web site. In addition to the referral opportunities and widened exposure generated from this source, the firm's brokers and clients will benefit from an association with the Sotheby's auction house and worldwide Sotheby's International Realty marketing programs.
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. In February 2004, Realogy Corporation, a global provider of real estate and relocation services, 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 by Realogy's subsidiary, Sotheby's International Realty Affiliates LLC. 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.