We are thrilled to announce that we have completed the acquisition of the operations and franchise rights of Sotheby’s International Realty Canada. We are very proud to welcome Sotheby’s International Realty Canada to our family of esteemed luxury partners.

Established in 2004, with over 32 offices nationwide, Sotheby’s International Realty Canada is Canada’s largest luxury brokerage with over 540 sales associates and over C$5 billion in annual sales of residential real estate. Sotheby’s International Realty Canada extends top-tier client service and marketing to luxury homes nationwide. The franchise receives support from Sotheby’s International Realty Affiliates LLC with a host of operational, marketing, recruiting, educational and business development resources. Sotheby’s International Realty Canada also benefits from an association with the venerable Sotheby’s auction house, established in 1744.

Built on a tradition of excellence, Sotheby’s International Realty markets homes and luxury real estate to qualified homebuyers worldwide. The Sotheby’s International Realty network strength encompasses over 22,500 affiliated independent sales associates located in over 990 sales offices across 72-plus countries, digital media delivering over 1 billion annual online impressions, and partnerships with premier global media. In 2017, the brand achieved a record global sales volume of $112 billion USD.

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.

We look forward to a long successful partnership with Sotheby’s International Realty Canada. It is an impressive organization, well positioned for continued growth. Together we will uphold and strengthen Sotheby’s International Realty Canada’s position as the leader in luxury residential real estate in Canada.