Sotheby's International Realty Brand Expands Management Team in Asia

PARSIPPANY, NJ - (Marketwire - Jun 5, 2012) - Sotheby's International Realty Affiliates LLC today announced the expansion of its management team in Asia with the appointment of Calvin F. Wong as international development consultant and Kay Lee as director of marketing.

In February 2012, the Sotheby's International Realty® brand 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 there. The brand also is seeking candidates for a vice president of affiliate services position.

"These executives will work to support our network of affiliates, as well as help grow our network throughout Asia," said Michael R. Good, chief executive officer, Sotheby's International Realty Affiliates LLC. "As we continue to expand the Sotheby's International Realty brand in key luxury markets around the world, Asia will be a critical component of that strategic development."

Wong, who is based in Shanghai, will serve as international development consultant with responsibility for growing the brand's market share in Asia. He will identify, cultivate and develop new international franchise affiliations. He most recently served as general manager of Karma Life in Shanghai.

As director of marketing, Lee will ensure the brand's network of affiliates in Asia are fully utilizing the Sotheby's International Realty global marketing tools and programs and provide ongoing marketing support to each network member. She will be based in Hong Kong. Most recently, Lee was an area and sales manager for Groupe TWC in Hong Kong.

To help identify candidates for the vice president of affiliate services position, which is responsible for supporting the retention, growth and profitability of its affiliates, the Sotheby's International Realty brand is holding an online webinar for qualified individuals who are interested in learning more about the brand and its plans for future development in Asia.

The webinar will be held Monday, June 11, 2012 at 6:30 p.m. (HKT) and will be hosted by Good, who also will be speaking at the Asian Real Estate Association of America's China-USA Real Estate Summit June 18 to 28 in Beijing, Hangzhou and Shenzhen. During the event, Good will schedule meetings with qualified prospective franchisees that would like to represent the brand in Asia. Those interested in attending the webinar, learning more about the vice president of affiliate services position or scheduling a meeting with Good are requested to send an e-mail to Christine Heid, corporate recruiter, at Christine.Heid@realogy.com no later than Friday, June 8, 2012.

The Sotheby's International Realty network currently has more than 12,100 sales associates located in approximately 620 offices in 45 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 www.sothebysrealty.com.

Contact:

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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