Sotheby’s International Realty Affiliates FDD Summary
Type of Business
The franchise is for a real estate brokerage offering with defined real estate brokerage services from a specified location under the name Sotheby’s International Realty®.
Corporate Information
Sotheby’s International Realty Affiliates LLC is a Delaware limited liability company, originally incorporated on February 6, 2004, and converted to a limited liability company on July 2, 2007. They are a direct wholly owned subsidiary of Realogy Services Group LLC, a Delaware limited liability company, a direct wholly owned subsidiary of Realogy Group LLC, a Delaware limited liability company. Realogy Group is a direct wholly owned subsidiary of Realogy Intermediate Holdings LLC , a Delaware limited liability company, and a direct wholly owned subsidiary of Realogy Holdings Corp., a Delaware corporation. Their principal business address is 175 Park Avenue, Madison, New Jersey 07940.
Investment
The total investment necessary to begin operation of a Sotheby’s International Realty® franchise is approximately $63,650 to $206,000 for a conversion real estate office, and $194,650 to $627,000 for a start-up real estate office. This includes $7,500 to $25,000 that must be paid to the franchisor or an affiliate as an initial franchise fee. The initial franchise fee for a residential franchise is $25,000 for the first Branch Office, $12,500 for the second Branch Office and $7,500 for each additional Branch Office.