PARSIPPANY, N.J. and WILLIAMSBURG, Va. (March 29, 2007) – Sotheby’s International Realty Affiliates LLC. today announced that Sheeran & Associates Realty of Williamsburg, Va., has joined the Sotheby’s International Realty® real estate network.  The firm will now do business as Sheeran Sotheby’s International Realty and have access to exclusive real estate products and services to better market their clients’ properties to buyers throughout the country and world.

“Sheeran & Associates Realty has quickly become a leader in the very competitive Williamsburg market,” said Michael R. Good, president & CEO of Sotheby’s International Realty Affiliates LLC. “Co-owners Bob Sheeran and Carl Pautlitz lead an exceptionally talented team of real estate professionals and have demonstrated a desire to provide an unmatched level of service and marketing for their clients.  We are pleased to welcome Sheeran Sotheby’s International Realty to our family of real estate firms".

Carl Pautlitz, co-owner and Sheeran Sotheby’s International Realty’s managing broker, said, “Our affiliation with the extraordinary Sotheby’s International Realty® network will enable the company to reach an unparalleled level of world-wide service and marketing. It is a special affiliation because it permits us to maintain our company culture, yet provide the most exceptional presentation and exposure of properties in the industry.”

The Sotheby’s International Realty® network has more than 7,200 sales associates located in more than 350 worldwide offices. All listings from Sheeran Sotheby’s International Realty will be marketed on the sothebysrealty.com global Web site. In addition to the referral opportunities and great exposure generated from these sources, the firm will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty® marketing programs.

Sheeran Sotheby’s International Realty follows a business philosophy of teaming and working together in an office culture of cooperation.  Approximately fifteen associates and several brokers comprise the company roster. Their main office is located at 901 Richmond Road in Williamsburg, Va. For more information, contact the firm at +1-757-645-4443.

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 (then Cendant Corporation), the world’s leading real estate brokerage franchisor, entered into a long-term strategic alliance with Sotheby’s International Realty Affiliates LLC. (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, LLC, a subsidiary of Realogy Corporation (NYSE: H), the world’s largest real estate franchisor. 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.