PARSIPPANY, NJ - (Marketwire - Mar 4, 2013) - Sotheby's International Realty Affiliates LLC today announced it won Franchise Business Review's Best in Category for Real Estate Franchisee Satisfaction award for the sixth year in a row.
The Best in Category award measures franchisee satisfaction with their franchisors and is part of the 8th annual Franchisee Satisfaction Awards presented by Franchise Business Review. In addition to its real estate ranking, the brand also came in second overall among the Top 50 "Systems with 250 or more units," which is a ranking of all franchise systems with more than 200 units across all categories.
"This award is a reflection of our commitment to providing the highest possible quality service to our valued network members, and we are humbled and honored to have received this distinction for the sixth year in a row," said Philip White, president and chief executive officer, Sotheby's International Realty Affiliates LLC. "We believe our duty is to serve our network and to offer them the tools and resources they need to help them succeed. The reason the Franchise Business Review recognition is so rewarding is because it is measured by input from our most important asset: our franchisees."
Franchise Business Review surveyed more than 26,000 franchisees from more than 350 leading systems for the 8th annual Franchisee Satisfaction Awards. Franchises were evaluated in five areas: training and support, franchise system, franchisor/franchisee relations, financial opportunity and overall satisfaction. Additionally, demographic and lifestyle questions gave a 360-degree view of the franchise ownership experience. Franchise Business Review is a national franchise market research firm that performs independent surveys of franchisee satisfaction and franchise buyer experiences. For a complete list of this year's award winners, go to www.FBR50.com.
"It's great to see the Sotheby's International Realty brand top our Real Estate list once again this year," said Franchise Business Review President Michelle Rowan. "As the real estate and housing markets bounce back, franchises within the space need to stay top of mind with franchise buyers and consumers. The brand continues to seek ways to drive franchisee satisfaction and profitability -- and their hard work shows here."
The Sotheby's International Realty® network currently has 12,800 sales associates located in approximately 660 offices in 47 countries and territories worldwide. Each office is independently owned and operated.
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. For more information, visit www.sothebysrealty.com.
Director, Public Relations and Communications
Sotheby's International Realty Affiliates LLC
1 Campus Drive
Parsippany, NJ 07054