MARY LEE BLAYLOCK JOINS SOTHEBY'S INTERNATIONAL REALTY AS PRESIDENT OF BROKERAGE

Company Overview - Sotheby's International Realty announced the appointment of Mary Lee Blaylock as president of brokerage, responsible for leading company-owned brokerage operations across 48 offices in the U.S. [1] - The company supports over 2,300 affiliated agents who generated an annual sales volume of $20 billion in 2024 [1]. Leadership Background - Mary Lee Blaylock brings over 30 years of residential real estate experience, previously serving as senior vice president at HomeServices of America, Inc., where she led transformation initiatives across 35 companies [2] - She was also the president and CEO of Berkshire Hathaway HomeServices California Properties, managing 56 offices and 3,000 agents, and was responsible for the National Luxury Division [2]. Strategic Vision - Blaylock aims to enhance local market positioning and drive long-term growth for Sotheby's International Realty [1]. - Philip White, president and CEO of Sotheby's International Realty, emphasized Blaylock's industry knowledge and leadership skills, which are expected to elevate the company's brokerage operations [3]. Company History and Structure - Sotheby's International Realty was founded in 1976 as a real estate service for clients of Sotheby's auction house and now operates over 1,100 offices in 84 countries [4]. - The company has a strategic alliance with Anywhere Real Estate Inc., which includes a franchise system where each office is independently owned and operated [4][5].