Sotheby’s International Realty Luxury Network Expands on Florida's Gulf Coast

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Homes & Estates Realty awarded with prestigious membership into Worldwide Real Estate Network.

Sotheby’s International Realty Affiliates, Inc. today announced that its luxury real estate network has expanded to serve towns and communities in and near Belleair, Fla. Homes & Estates Realty will now do business as Homes & Estates Sotheby’s International Realty and will be able to offer its sales associates and clients access to a complete array of marketing, networking and advertising resources that are exclusive to firms that become a Sotheby’s International Realty® affiliate.

“We are very pleased to welcome Homes & Estates Realty into the Sotheby’s International Realty family,” said Michael R. Good, president & CEO of Sotheby’s International Realty Affiliates, Inc. “The addition of this fine company strengthens our network’s growth within Florida. Homes & Estates Sotheby’s International Realty will offer luxury services for those that value beautiful homes along the Gulf Coast, and we look forward to helping them deliver unsurpassed client service.”

Tim Shears, owner of Homes & Estates Sotheby’s International Realty, said, “Our firm is led by a team of professionals who have earned a tremendous reputation within our market. Joining the Sotheby’s International Realty network greatly enhances our ability to grow our reputation outside of our market. This will help us attract new clients and further build our business. We are proud to carry such a luxury name and represent this beautiful Gulf Coast area as an Sotheby’s International Realty affiliate.”

Homes & Estates Sotheby’s International Realty operates two offices, including its main office located at 2969 West Bay Drive in Belleair Bluffs. The company and its sales associates represents many highly-desired communities and areas along the Gulf Coast, including Belleair, Belleair Beach, Harbor Blufffs, Indian Rocks Beach, Redington Beach, Clearwater Beach, Sand Key, Islands Estates, St. Pete Beach and Tierra Verde, Fla. For additional information, please visit http://www.homesandestatessir.com or call (727) 585-9600.

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), one of the foremost providers of real estate services in the world, 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 new affiliate network 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. Affiliates also benefit from an association with the venerable, 260-year-old Sotheby’s auction house.

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Tim Shears

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