July 20, 2016 // Franchising.com // Sotheby’s International Realty Affiliates LLC today announced that Mott & Chace Sotheby’s International Realty in Rhode Island has acquired local brokerage Coleman Realtors, LLC. The acquired firm will now operate as Mott & Chace Sotheby’s International Realty.
Mott & Chace Sotheby’s International Realty now has a total of six offices and over 130 independent sales associates. The acquisition expands the firm’s presence into new markets including Barrington and East Greenwich while continuing to serve the luxury residential real estate markets in Charlestown, Narragansett, Providence and Watch Hill.
“Mott & Chace Sotheby's International Realty is a highly respected company for service and excellence and Coleman Realtors, established in 1929, has built a strong reputation in Rhode Island over the past 87 years,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “This acquisition supports the collaborative culture of Mott & Chace Sotheby's International Realty and their commitment to exceptional service.”
Raymond Mott and Judy Chace serve as brokers and owners of Mott & Chace Sotheby's International Realty. David Coleman will remain as manager at the Barrington office of Mott & Chace Sotheby’s International Realty. Michael Young, former president and principal broker, will be focused on the development of the East Greenwich office of Mott & Chace Sotheby’s International Realty.
“Mott & Chace Sotheby’s International Realty represents some of the finest properties in Rhode Island and we are proud to join a team that complements our commitment to integrity and professionalism,” said Coleman, former owner of Coleman Realtors.
“Bringing our companies together positions us to continue to provide exceptional client service to our local communities,” said Chace. “Combined, we have 90 years of serving our local Rhode Island real estate market. Our experience is unparalleled,” added Mott.
Mott & Chace Sotheby’s International Realty is one of three independently owned and operated affiliates of the Sotheby’s International Realty® brand in Rhode Island. Also operating in the state are Gustave White Sotheby’s International Realty in Newport and Sullivan Sotheby’s International Realty on Block Island.
The Sotheby’s International Realty network currently has more than 19,000 affiliated independent sales associates located in approximately 845 offices in 63 countries and territories worldwide. Mott & Chace Sotheby’s International Realty listings are 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 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.
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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