Question 1

Does Sotheby's International Realty franchise offer exclusive territory?

Accepted Answer

Sotheby's International Realty offers None territory protection to its franchisees. This means other franchisees may be permitted to open locations near yours.

Question 2

What is the Sotheby's International Realty franchise agreement term length?

Accepted Answer

The initial franchise agreement term for Sotheby's International Realty is 10 years. The total potential term is 10 years.

Question 3

What is the non-compete clause for Sotheby's International Realty franchise?

Accepted Answer

The Sotheby's International Realty franchise non-compete clause extends for 1 year after termination or expiration of the franchise agreement.

Question 4

Can you transfer or sell a Sotheby's International Realty franchise?

Accepted Answer

Yes, Sotheby's International Realty allows franchise transfers, subject to franchisor approval and conditions outlined in the agreement. A transfer fee of $5,000 applies.