Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. The agreement provided for the licensing of the Sotheby's International Realty name and the development of a full franchise system. In February 2004, Realogy entered into a long-term strategic alliance with Sotheby's, the operator of the auction house. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. Sotheby's International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. About Sotheby’s International Realty Affiliates LLCįounded 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.
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