MADISON, N.J. - Dec. 30, 2015 // PRNewswire // - Sotheby's International Realty Affiliates LLC, whose parent company is Realogy Holdings Corp. (NYSE: RLGY), rang the Closing Bell at the New York Stock Exchange yesterday to celebrate its 40th anniversary milestone in the luxury residential real estate brokerage business. Philip White, president and chief executive officer of Sotheby's International Realty Affiliates LLC, was joined on the podium by members of the Sotheby's International Realty network for the bell ringing ceremony.
"I am very proud of the journey we have taken together with our global luxury real estate network to bring the brand where it is today," said White. "The Sotheby's International Realty brokerage network was built to connect the finest independent residential real estate companies to the most prestigious and discerning clientele in the world," said White. "We are honored to be celebrating this milestone by ringing the Closing Bell at the New York Stock Exchange."
The Sotheby's International Realty network currently has more than 18,000 independent sales associates located in approximately 825 offices in 61 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.
SOURCE Sotheby's International Realty Affiliates LLC
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Sotheby's International Realty Affiliates LLC