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Franchising

Sotheby's International Realty Brand Expands Presence in North Carolina

October 1, 2018

MADISON, N.J., Oct. 1, 2018 /PRNewswire/ -- Sotheby's International Realty Affiliates LLC today announced its expanding presence in North Carolina with the formation of Pines Sotheby's International Realty.

Pines Sotheby's International Realty will serve the luxury residential real estate markets in the Sandhills Region of North Carolina including Pinehurst, Southern Pines, Whispering Pines, Carthage, Aberdeen, and Seven Lakes and the surrounding areas. The firm is owned and operated by Kelly Miller, Melody McClelland, and Keith Harris.

"The Sandhills Region is a historic resort community that offers residents golf, equestrian and sporting lifestyles," said Philip White, president and chief executive officer of Sotheby's International Realty Affiliates LLC. "The residential real estate market in this area caters to many of the lifestyles that exemplify the Sotheby's International Realty® brand and we are proud to welcome Pines Sotheby's International Realty to our global network."

"As a young company, our affiliation with the Sotheby's International Realty brand allows for instant brand recognition, credibility, and trust; Pines Sotheby's International Realty is locally owned and globally connected," said McClelland. "Furthermore, we are dedicated to creating an environment that allows our agents to flourish, which, in turn, will enable us to best serve our clients."

With this addition, the Sotheby's International Realty network now has seven independently owned and operated companies throughout North Carolina; also operating in the state are Highlands Sotheby's International Realty, Hodge & Kittrell Sotheby's International Realty, Landmark Sotheby's International Realty, Perry & Co. Sotheby's International Realty, Pinnacle Sotheby's International Realty, and Premier Sotheby's International Realty.

The Sotheby's International Realty network currently has more than 22,000 affiliated independent sales associates located over 960 offices in 72 countries and territories worldwide. In 2017, the brand achieved a record global sales volume of $108 billion USD. Pines 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. © 2018 Sotheby's International Realty Affiliates LLC. All rights reserved. Sotheby's International Realty® and the Sotheby's International Realty Logo are service marks licensed to Sotheby's International Realty Affiliates LLC and used with permission. Sotheby's International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.CONTACTS

Lindsey Scharf

Director, PR & Communications

Sotheby's International Realty Affiliates LLC

(973) 407-5596

Natalie Hernandez

Manager, PR & Communications

Sotheby's International Realty Affiliates LLC

(973) 407-6142