August 06, 2010 // Franchising.com // PARSIPPANY, N.J. -- Sotheby's International Realty Affiliates LLC today announced that Southport Sotheby's International Realty in Chicago is the newest member of its luxury real estate network.
The firm is located at 3746 N. Southport Avenue, an office formerly operated by Sudler Sotheby's International Realty which continues to own and operate its other three offices in Chicago. Southport Sotheby's International Realty is owned by Karina Caulfield, the firm and its agents will continue to serve the greater Chicago market.
"Karina Caulfield is a seasoned professional with nearly 20 years of experience and a former manager for Sudler Sotheby's International Realty," said Philip White, president and chief operating officer, Sotheby's International Realty Affiliates LLC. "She truly understands the Chicago market and the needs of its luxury real estate consumer."
"I am very excited to have the opportunity to lead this firm in a market I know and love," said Caulfield. "I look forward to building Southport Sotheby's International Realty to be a major presence in the greater Chicago area."
The Sotheby's International Realty® network currently has more than 10,600 sales associates located in approximately 500 offices in 38 countries and territories worldwide. Southport 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.For more information, visit www.sothebysrealty.com