Strategic move aims to help the business be more agile
Sotheby’s International Realty has announced a strategic business move to integrate its affiliates network with the company-owned brokerage business.
The single global organization will be led by the president and CEO of the affiliates network business Philip White with company-owned brokerage leader Kathy Korte taking on an advisory role to drive business growth and agent support.
"Bringing together the Sotheby's International Realty affiliate network with the company-owned brokerage will allow the brand to move faster, better support affiliated agent needs and take advantage of the scale, market expertise and operational excellence that will come from an aligned organization," said John Peyton, president and chief executive officer, Realogy Franchise Group, franchisor of Sotheby’s International Realty.
Record-breaking 2018
Sotheby’s International Realty had a strong 2018 with a record global sales volume of more than $112 billion, and the integration of businesses will continue to build on the brand's legacy as a leader in the luxury residential real estate market.
Bringing together the affiliates network and company-owned brokerages will give affiliates greater access to data and other resources, while the company’s brokerages will benefit from White’s unique experience of building the global affiliates brand.
"I am excited to lead a combined Sotheby's International Realty into the future," said White. "With a legacy of strong leadership in global residential real estate and an expert team of operators, marketers, and managers, I believe Sotheby's International Realty is well-positioned to build on our success and help affiliated agents and owners grow in their respective markets."
