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Franchising

Sotheby's International Realty Brand Tops Individual Sales Volume Category in REAL Trends/The Wall Street Journal Report for Second Year in a Row

June 23, 2017

MADISON, N.J., June 23, 2017 /PRNewswire/ -- Sotheby's International Realty Affiliates LLC today announced that the Sotheby's International Realty® brand was the No. 1 real estate brand represented in two of the six categories that comprise the 2017 REAL Trends/The Wall Street Journal "The Thousand" for the second year in a row. The annual report ranks America's top 1,000 residential real estate agents and teams based on 2016 annual sales volume and transaction sides, and the top 50 agents and top 50 teams on average sales price—making it a ranking of the top 1,100 nationwide.

The Sotheby's International Realty brand claimed 46 of the top 250 sales associates in the REAL Trends Individual Sales Volume category, more than any other real estate brand. The brand also had the highest combined individual sales volume from sales associates in the same category. In addition, the Sotheby's International Realty brand had the most individuals represented in the Individual Average Sales Price category.

"Having a leading number of sales associates represented in two categories of the REAL Trends/The Wall Street Journal rankings is a testament to the strength of the Sotheby's International Realty brand," said Philip White, president and chief executive officer of Sotheby's International Realty Affiliates LLC. "In 2016, the average sales price accomplished by Sotheby's International Realty was among the highest of any national real estate brand as evidenced by its achievement of $95 billion in global sales volume. This accomplishment is made possible by having top sales professionals affiliated with Sotheby's International Realty and I am so proud of the companies and sales associates represented on this list and their contribution to the power of this brand."

Click here to see the Sotheby's International Realty brand affiliated sales associated represented on "The Thousand."

The Sotheby's International Realty network currently has more than 20,000 affiliated independent sales associates located in approximately 880 offices in 69 countries and territories worldwide. In 2016, the brand achieved a record global sales volume of $95 billion USD. 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 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.

The complete Thousand Top Real Estate Professionals list can be found on REAL Trends' website, www.realtrends.com.

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.

CONTACT

Lindsey Scharf
Director, Public Relations and Communications
Sotheby's International Realty Affiliates LLC
175 Park Avenue
Madison, NJ 07940
(973) 407-5596
Lindsey.Scharf@sothebysrealty.com