Sotheby's International Realty
Encyclopedia
Sotheby’s International Realty is a luxury real estate
brokerage agency that offers a collection of luxury homes, estates and properties for sale throughout the world. It is owned by parent company Realogy
, which was spun off in July 2006 from former parent company Cendant
. Sotheby’s has real estate offices located around the world with over 500 offices and 11,000 sales consultants.
plc, the UK’s largest estate agency group and provider of related property services. This license grants Countrywide exclusivity to the Sotheby's International Realty brand throughout the UK and Channel Islands
, leading to the creation of a new subsidiary
called United Kingdom Sotheby’s International Realty.
Luxury real estate
Luxury real estate is the real estate market niche targeted at the highest socio-economic group of consumers. -Definition:The characteristics that define luxury real estate differ among countries...
brokerage agency that offers a collection of luxury homes, estates and properties for sale throughout the world. It is owned by parent company Realogy
Realogy
Realogy is a privately owned company that provides real estate and relocation services. It owns and franchises several of the industry's leading real estate brands and brokerages...
, which was spun off in July 2006 from former parent company Cendant
Cendant
Cendant Corporation was a New York-based provider of business and consumer services, primarily within the real estate and travel industries. In 2005 and 2006, Cendant broke up and spun off or sold its constituent businesses...
. Sotheby’s has real estate offices located around the world with over 500 offices and 11,000 sales consultants.
Licensing
In March 2010, it was announced that Sotheby’s International Realty Affiliates LLC has agreed an exclusive 25-year licensing agreement for the United Kingdom with CountrywideCountrywide
Countrywide Ltd are the United Kingdom's largest estate agency group. It employs 10,000 personnel nationwide, working across 1,300 estate agency or lettings offices operating under 46 local high street brands, supplemented by 650 mortgage consultants and over 350 surveyors...
plc, the UK’s largest estate agency group and provider of related property services. This license grants Countrywide exclusivity to the Sotheby's International Realty brand throughout the UK and Channel Islands
Channel Islands
The Channel Islands are an archipelago of British Crown Dependencies in the English Channel, off the French coast of Normandy. They include two separate bailiwicks: the Bailiwick of Guernsey and the Bailiwick of Jersey...
, leading to the creation of a new subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
called United Kingdom Sotheby’s International Realty.
See also
- Real estateReal estateIn general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
- Sotheby's Auction House
- Real estate agent
- Real estate brokerReal estate brokerA real estate broker, real estate agent or realtor is a party who acts as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and buyers who wish to buy...
- Real estate trendsReal estate trendsReal estate trends is a generic term used to describe any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change...
- RealogyRealogyRealogy is a privately owned company that provides real estate and relocation services. It owns and franchises several of the industry's leading real estate brands and brokerages...