Realtor | Corey Dwan

PRESTIGIOUS BROKERAGE IN NYACK, N.Y., JOINS SOTHEBY’S INTERNATIONAL REALTY® LUXURY NETWORK

PARSIPPANY, N.J., and NYACK, N.Y. (Mar. 1, 2005) – Sotheby’s International Realty Affiliates, Inc. today announced that it has entered into an agreement with Ellis Realty, a firm that specializes in distinct and unique homes and properties found in Hudson River towns including the Nyacks, Grandviews, Piermont and Snedens Landing/Palisades. The firm will now do business as Ellis Sotheby’s International Realty, joining a network of leading real estate firms that offer their clients exclusive marketing services and international exposure for their property listings.

“Ellis Realty has distinguished itself as an exemplary Hudson Valley firm offering first-rate real estate services,” said Michael R. Good, president and CEO of Sotheby’s International Realty Affiliates, Inc. “This affiliation is consistent with our goal of aligning with leading brokerages in select markets that will endeavor to uphold the prestigious Sotheby’s International Realty name. Ellis Realty has earned a strong reputation and is clearly a leader in its real estate market. We are honored that Rich Ellis and his team have decided to join our organization.”

“Joining the Sotheby’s International Realty system allows us to better market our clients’ properties by being part of a prestigious network of luxury brokerages from around the metropolitan region and beyond,” said Rich Ellis, owner of Ellis Realty. “The network offers substantial marketing exposure to well-qualified buyers, enhancing our ability to rise above the competition. This Sotheby’s International Realty affiliation is a fantastic win-win situation for our firm and clients, and is a great way to celebrate 20 years of serving the Hudson Valley.”

Ellis Realty was established in 1985 and serves all areas of Rockland County. The company will continue to be independently owned and operated by Rich Ellis. Located at 76 North Broadway in Nyack, its office can be contacted at (845) 353-4250. Additional information is available at www.ellissothebysrealty.com.

About Sotheby’s International Realty Affiliates LLC
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, Realogy Corporation, a global provider of real estate and relocation services, entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system by Realogy’s subsidiary, Sotheby’s International Realty Affiliates LLC. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby’s International Realty Affiliates LLC 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 Sotheby’s auction house, established in 1744. For more information, visit www.sothebysrealty.com.