Did Christies International Real Estate operate any affiliate-owned brokerages as of December 31, 2024?

According to the 2025 Christies International Real Estate Franchise Disclosure Document, Christies International Real Estate Group, LLC, an affiliate, previously operated one affiliate-owned brokerage in Manhattan, New York. However, the assets of this brokerage were sold in 2022. Therefore, as of December 31, 2024, Christies International Real Estate did not operate any affiliate-owned brokerages.

This information is relevant for prospective franchisees as it provides insight into the company's operational structure and its involvement in directly managing brokerages. The fact that the affiliate-owned brokerage was sold in 2022 suggests a strategic decision by Christies International Real Estate to potentially focus more on franchising rather than direct operation of brokerages.

It is important for potential franchisees to understand the distinction between franchised outlets, company-owned outlets, and affiliate-owned outlets, as this can impact the level of support and competition they might experience. While Christies International Real Estate does operate company-owned stores, the number is small compared to franchised locations. This indicates that the franchise relies primarily on its franchisees for market presence and growth.