Sotheby's International Realty® Brand Expands into Nicaragua
April 29, 2016 // Franchising.com // Madison, N.J. and Emerald Coast, Nicaragua - Sotheby’s International Realty Affiliates LLC today announced the brand’s expansion into Nicaragua with the opening of Nicaragua Sotheby’s International Realty.
Nicaragua Sotheby’s International Realty is owned by Emerald Coast Realty. Led by Managing Partner Trevor Barran, Nicaragua Sotheby’s International Realty will serve the luxury real estate market throughout the country.
“With its uniquely beautiful landscape, Nicaragua is emerging as a robust destination for luxury real estate,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “The Nicaragua Sotheby’s International Realty team has successfully developed and sold luxury properties in New York, Miami and around Latin America and are passionate and knowledgeable about the Nicaraguan real estate market. We are proud to welcome them to our global network.”
“We are excited to represent the Sotheby’s International Realty® brand in Nicaragua and are committed to providing an unrivaled level of service to our clients,” said Barran. “This affiliation strategically positions us for continued growth in this emerging market. We believe in the long-term potential of Nicaragua and are invested in its success.”
The Sotheby’s International Realty network currently has more than 18,800 affiliated independent sales associates located in approximately 835 offices in 63 countries and territories worldwide. Nicaragua 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.
SOURCE Sotheby’s International Realty Affiliates LLC
Director, International Marketing & Servicing
Sotheby's International Realty Affiliates LLC