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TWO MORE FIRMS JOIN THE SOTHEBY'S INTERNATIONAL REALTY(R) NETWORK
Brokerages in Millbrook, N.Y., and Manasquan, N.J., Join International System
PARSIPPANY, NJ 04-01-2005 -- Sotheby's International Realty Affiliates, Inc. today announced that the two more firms have signed agreements to become part of the new Sotheby's International Realty® network. Heather Croner Real Estate, located in Millbrook, N.Y., will now do business as Heather Croner Real Estate Sotheby's International Realty. Ward Wight Realtors, located in Manasquan, N.J., will now operate as Ward Wight Sotheby's International Realty.
"The affiliation of these fine companies furthers our goal of aligning the prestigious Sotheby's International Realty name with brokerages in highly desired real estate markets," said Michael R. Good, president & CEO of Sotheby's International Realty Affiliates, Inc. "Today's announcement continues Heather Croner Real Estate's long-standing relationship with our brand, and welcomes Ward Wight Realtors into our family. These companies offer exceptional real estate services and have a bright future with the Sotheby's International Realty franchise network."
Heather Croner Real Estate Sotheby's International Realty represents many of the finest mansions, estates and properties found in New York State's Dutchess and Columbia counties. Since it was established in 1980, the company has been a Sotheby's International Realty® affiliate under the brand's former marketing network, which marketed designated property listings under the Sotheby's International Realty® name.
In addition to its Millbrook office, Heather Croner Real Estate Sotheby's International Realty also has an office located in Pawling, N.Y. The company is owned by Heather Croner. Additional information is found at www.heathercronerrealestate.com.
Ward Wight Sotheby's International Realty was founded in 1971 as Ward Wight Realtors, and serves New Jersey shore communities in southern Monmouth County and northern Ocean County. The firm is owned by Richard Wight. For further information, visit www.wardwight.com.
About Sotheby's International Realty Affiliates, Inc.
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. In February 2004, Cendant Corporation (NYSE: CD), the world's leading real estate brokerage franchisor, entered into a long-term strategic alliance with Sotheby's Holdings, Inc. (NYSE: BID; LSE: STBA). The agreement provided for the licensing of the Sotheby's International Realty® name and the development of a full franchise system by Sotheby's International Realty Affiliates, Inc., a Cendant subsidiary. The agreement also included the acquisition of the company-owned real estate brokerage offices by NRT Incorporated, a Cendant subsidiary that owns and operates those offices today as Sotheby's International Realty, Inc. Affiliations in the system are granted only to brokerages meeting eligibility requirements. Sotheby's International Realty Affiliates, Inc. 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, 260-year-old Sotheby's auction house. For more information, visit www.sothebysrealty.com.
Media Contact:
Eric Mangan
(973) 496-3303
Eric.Mangan@sothebysrealty.com
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