Sotheby's International Realty Brand Expands to Australia's Gold Coast

MADISON, NJ and GOLD COAST, AUSTRALIA - (Marketwired - Oct 24, 2013) - Sotheby's International Realty Affiliates LLC today announced it has expanded to Australia's Gold Coast with the signing of an exclusive 25-year master franchise agreement for the Queensland market.

The office is located in the heart of Gold Coast's financial precinct and will do business as Gold Coast Sotheby's International Realty. Owner Michael Pallier also owns and operates two Sydney Sotheby's International Realty offices. Marius Von Zeppelin serves Gold Coast Sotheby's International Realty as general manager, and the firm is located at Level 7, Corporate Centre One, Bundall, Gold Coast.

"We are proud to expand into the Gold Coast area encompassing South East Queensland and Northern NSW, under Michael Pallier's leadership and with his experience as part of our Sotheby's International Realty network," said Philip White, president and chief executive officer, Sotheby's International Realty Affiliates LLC. "The Gold Coast is the sixth largest city in Australia and one of the fastest-growing regions, making real estate in this location highly coveted."

According to Pallier, the area is renowned for its tourism and unique lifestyle, with its many homes and apartments along the waterways and oceanfront. "We look forward to combining our reputation and experience with the prestigious clientele of southeast Australia to better serve this beautiful market," he said. "Our high standards for service and the global reach of the Sotheby's International Realty network will be a true asset for consumers of this market."

The Sotheby's International Realty® network currently has more than 13,000 sales associates located in approximately 670 offices in 49 countries and territories worldwide. Gold Coast Sotheby's International Realty listings will be marketed on the sothebysrealty.com global website. 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. Each office is independently owned and operated.

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. 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.

Contacts:

Kay Lee
Director, International Marketing, Asia
Sotheby's International Realty Affiliates LLC
175 Park Avenue Madison, NJ 07940
m + 852.9851.5333
t + 1.973.407.4953
f + 1.866.746.2429

Marius von Zeppelin
General Manager
Gold Coast Sotheby's International Realty
Level 7 Corporate Centre One, Crn Bundall and Slatyer Ave.
Bundall, Queensland 4217
Australia
t +617 5668 3266
f +617 5668 3265

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