Sotheby's International Realty Brand Seeks to Expand Its Executive Team in Asia and Accelerate the Growth of Its Network in the Region

PARSIPPANY, NJ--(Marketwire - Feb 22, 2012) - Sotheby's International Realty Affiliates LLC today announced plans to expand its management team in Asia as part of a corporate initiative to further develop the company's network of real estate affiliates in the region.

The Sotheby's International Realty® brand has three new management positions that will be based in Asia for which it is seeking candidates: vice president of global development, vice president of global servicing and director of marketing. Those executives will be responsible for accelerating the brand's development throughout Asia and for supporting its network of affiliates.

Current brand affiliates in Asia include: Hong Kong Sotheby's International Realty, Hunter Sotheby's International Realty in Thailand, New Zealand Sotheby's International Realty, Vietnam Sotheby's International Realty, Taiwan Sotheby's International Realty and Japan Sotheby's International Realty.

"In just eight years, the Sotheby's International Realty brand has grown to more than 40 countries and territories worldwide, and for 2012 the market in Asia is our number one focus for growth," said Michael R. Good, chief executive officer, Sotheby's International Realty Affiliates LLC. "The economic growth and the emerging leadership of Asia in the world economy mean significant opportunities for referral business throughout the world for our network. Our first priority will be to identify potential affiliates in China, India, Australia, Singapore, South Korea and other key locations in the Pacific Rim. It is our commitment to create a significant servicing hub in Hong Kong to further support our growth in the region and to continue servicing the needs of our growing network of companies there. We also will focus on continuing to leverage our close working relationship with the Sotheby's Auction House in Hong Kong, which offers our affiliates significant opportunities for business synergies and provides great value to the consumer."

To launch its recruitment campaign in Asia, the Sotheby's International Realty brand is tapping the power of the Internet, inviting prospective candidates as well as its Asian affiliates to participate in online webinars in March.

Qualified individuals who are interested in learning more about the Sotheby's International Realty brand, its plans for future development in Asia and employment opportunities are invited to participate in one of two webinars hosted by the Sotheby's International Realty senior leadership team: March 2 at 7:30 a.m. (HKT) and March 6 at 7 p.m. (HKT). Those interested are requested to send an e-mail to Christine Heid, corporate recruiter, at no later than Feb. 27.

As a follow-up to the webinar, Alvaro Cardenas, Sotheby's International Realty managing vice president of international development, will be available to meet personally with business people who aspire to become master franchisees for the Sotheby's International Realty brand in Asia's key luxury real estate markets. Cardenas will be in Shanghai and Hong Kong from March 22 to March 30. To schedule a meeting, please contact him in advance by e-mail at

The Sotheby's International Realty network currently has nearly 12,000 sales associates located in approximately 580 offices in 42 countries and territories worldwide.

About Sotheby's International Realty Affiliates LLC

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


Jennifer Zimmerman
Director, Public Relations and Communications
Sotheby's International Realty Affiliates LLC
1 Campus Drive
Parsippany, NJ 07054
(973) 407-6375



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