©MMXVI Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned And Operated.

NEWS & INFORMATION FOR SOTHEBY’S INTERNATIONAL REALTY® PROFESSIONALS | FEBRUARY 12, 2016

FEATURED ABOVE: Houston, Texas | PropID: JWE6YT

I N T H I S I S S U E

N e w H o m e s & D e v e l o p m e n t s U p d a t e

A f f i l i a t e S p o t l i g h tI m a g i n e | J a m e s o n S o t h e b y ’ s I n t e r n a t i o n a l R e a l t y

A r t & H o m e

C o - O p D e a d l i n e s

G N E R e m i n d e r

R E S I D E ® R e g i o n a l E d i t i o n s

P o l i c y & P r o c e d u r e s

S I R M o b i l e

X p r e s s D o c s

M e r c e d e s B e n z

N EWS & I N FO R M AT I O N FO R SOTHEBY’S INTERNATIONAL REALTY® P RO F ESS I O N A LS | F E B RUA RY 1 2 , 20 16

UPDATE

NEW HOMES & DEVELOPMENTSNew Homes & Developments Pages are here! Your qualified developments now have a home on sothebysrealty.com. It has been a long time coming and we hope you share our excitement for this tremendous enhancement to our network.

Each development landing page is designed to include: A Hero Shot, Description, Photo Gallery, Map, Contact/Office Information, Developer

Information and a Link to the Development Website click here to see it live!

We are accepting application forms on an ongoing basis so please continue to submit to AtYourService@sothebysrealty.com. Once we have processed your submissions, we will update the system with your developments displayed on sothebysrealty.com.

N EWS & I N FO R M AT I O N FO R SOTHEBY’S INTERNATIONAL REALTY® P RO F ESS I O N A LS | F E B RUA RY 1 2 , 20 16

AFFILIATE SPOTLIGHT

IMAGINEJAMESON SOTHEBY’S INTERNATIONAL REALTYIMAGINE, our new premier publication presenting our brand’s latest luxury real estate offerings. With a circulation of up to 150,000 copies of each issue, IMAGINE is strategically positioned to reach serious real estate intenders. IMAGINE is distributed monthly in high-end magazines and newspapers throughout the Chicagoland area. In addition to distribution in top publications such as The Wall Street Journal, Chicago Social, NS, Men’s Book, Interiors, Evanston Roundtable, Wilmette Beacon, Winnetka Current, Glenview Lantern, Glencoe Anchor, Pioneer Press/Evanston Review, Highland Park Landmark, and Daily Herald (Barrington/Palatine/Inverness/Kildeer/Lake Zurich), IMAGINE will be mailed

directly to a targeted list of thousands of potential clients who are most likely to buy or sell real estate with income to support. With its unique size, striking design and luxurious finish IMAGINE is sure to stand out in any magazine, newspaper, or mailbox.

Targeted positioning, impactful design, and first-to-market strategy generate inquiries, unlike the “status quo” advertising traditionally used in Real Estate.  We invite you to IMAGINE the possibilities in 2016 as Jameson Sotheby’s International Realty embarks on this exciting, innovative advertising strategy. View it here.

N EWS & I N FO R M AT I O N FO R SOTHEBY’S INTERNATIONAL REALTY® P RO F ESS I O N A LS | F E B RUA RY 1 2 , 20 16

ART & HOME

CUSTOM PUBLISHING PROGRAM Art & Home, the literary collaboration presented by the Sotheby’s International Realty brand and Sotheby’s captures the exceptional world of art and real estate.

Through our turn-key publishing program, Art & Home can be customized for your local marketing efforts, placing your office alongside the Sotheby’s name and content, substantiating YOUR unique heritage.

FIRST TIER CUSTOMIZATION PROGRAM • Logo lockup on the cover• Custom welcome letter within the magazine• 1,000 copy minimum FIRST TIER PROGRAM COST

$2.50 per copy (+ $1,000 set up charge and shipping)View latest custom edition presented by North India Sotheby’s International Realty here.Publish your own custom edition of ART & HOME

Custom April Edition - ORDER DEADLINE 2/15

For more information contact Thomas Brabenec art.home@sothebysrealty.com / +1 727.741.4141

N EWS & I N FO R M AT I O N FO R SOTHEBY’S INTERNATIONAL REALTY® P RO F ESS I O N A LS | F E B RUA RY 1 2 , 20 16

Publication Ad Date Material Deadline Cost Per Property USD

Sotheby’s Art & Home AprDeadline extended to Feb 15

$910*2 Spots Left.

Sotheby’s Preferred AprFinal Deadline Feb 15

$955*New Lower Price2 Spots Left.

Country Life Feb 24Final Deadline Feb 15

$440*New Lower Price

New York Times Feb 19Deadline extended to Feb 15

$695

Financial Times Feb 27Deadline extended Feb 15

$670*5 Spots Left.

International New York Times Mar 4 Feb 19 $570*

Boston Magazine Apr Feb 19 $500

Wall Street Journal Mar 11 Feb 24 SOLD OUT!

Robb Report May Feb 26 $495*

Luxury Properties May/Jun Mar 1 $355*

Bloomberg Markets May/Jun Mar 7$825*3 Spots Left.

Wall Street Journal Apr 15 Mar 30 SOLD OUT!

UPCOMING

COOPERATIVE ADS

For space reservations contact Sky Advertising: Phil@skyad.com / +1 212.677.2500*Some affiliates outside the United States might be subject to a higher non-subsidized rate

N EWS & I N FO R M AT I O N FO R SOTHEBY’S INTERNATIONAL REALTY® P RO F ESS I O N A LS | F E B RUA RY 1 2 , 20 16

GNE REMINDER…

REGISTRATION IS NOW AVAILABLE AND BOOKING UP QUICKLY!The Global Networking Event is held every eighteen months and provides a unique time when our global network of brokers, owners, managers and sales associates comes together for extensive networking and learning opportunities. As attendees at the highly successful 2014 Global Networking Event can attest, this opportunity to come together as a network is a powerful and unforgettable experience.

ATTENDEE REGISTRATION is now open, and the early registration fee of $1,245.00 usd is available through 11:59 pm on March 25th, Eastern Time.

The attendee registration includes admittance to all official event functions, including General Sessions, Breakouts and all conference food and beverage functions on the agenda.

GUEST/SPOUSE REGISTRATIONS for the three evening functions will be available for the early registration rate of $850.00, until May 11th.

Please click here to register for the 2016 Global Networking Event.

HOTEL RESERVATIONS

Guest rooms at the Wynn Las Vegas may now be reserved via the link below. The Deluxe Resort Guest Room single or double group room rate starts at $239.00 plus taxes.

Please click here to reserve your guest room at the Wynn Las Vegas.

ADDITIONAL INFORMATION

We have an Events section on our Members’ Site dedicated to our Global Networking Event. Please visit the Members’ Site as this is the primary source for all information related to this event. We will be posting additional details often, so please keep visiting this site for the latest updates.

Did you know that over 400 people registered for the Global Networking Event in the first 24 hours?

N EWS & I N FO R M AT I O N FO R SOTHEBY’S INTERNATIONAL REALTY® P RO F ESS I O N A LS | F E B RUA RY 1 2 , 20 16

NEW PROMOTION! With any full-page ad featuring a single property, we will direct-mail 150 copies of the magazine to a mailing list you supply, with a custom letter from you, at no extra charge.Distribution Early AprilDeadline: February 24

NORTHEAST EDITION Distribution: This edition, we will distribute a total of 46,000 copies, including an insertion of 32,000 copies into the Wall Street Journal targeting its subscribers in affluent Northeastern zip codes.

Rates: $299 / quarter-page ad$598 / half-page ad$1,196 / full-page ad

CALIFORNIA EDITION Distribution: This edition, we will distribute a total of 45,000 copies, including an insertion of 30,000 copies into the Wall Street Journal. Our Wall Street Journal insertion will target the San Francisco, Los Angeles & San Diego markets with 10,000 copies to each.

Rates: $299 / quarter-page ad$598 / half-page ad$1,196 / full-page ad

Space Reservations ContactThomas Brabenec at +1 727.741.4141 or reside@sothebysrealty.com

RESIDE® REGIONAL EDITIONS…

RESERVE YOUR SPACE TODAY!Advertise your listings in one or all of the upcoming editions of RESIDE. Each issue targets a specific geographic area while showcasing a gallery of homes represented exclusively by the Sotheby’s International Realty network. In addition, each edition of RESIDE is published as a digital magazine for further distribution.

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©2004-2016 Sotheby’s International Realty Affiliates LLC. January 2016

Dear Sotheby’s International Realty® Member, Congratulations on your affiliation with Sotheby's International Realty Affiliates LLC and your membership in the Sotheby’s International Realty® network, an exclusive network comprised of many of the finest residential real estate brokerage offices in the world. In satisfying our rigorous pre-qualification standards, your firm now carries the elite "Sotheby's International Realty" name, a historic moniker with a reputation for quality. Together, we can focus on expanding the brand's already broad-based presence in the United States and throughout the world. While your firm has a proven track record of achievement, we have the necessary experience and a myriad of resources, to manage effectively and proactively market our residential brokerage system. Our company was created in February 2004 as part of a multi-party licensing transaction involving Realogy Holdings Corp. (formerly part of Cendant Corporation), our corporate parent and Sotheby’s, the owner and operator of the venerable auction house established in 1744. Today, we remain dedicated to the guiding principles upon which these companies were built: trust, superior service and unparalleled professionalism. We are pleased to provide you with a copy of our current Policy & Procedures Manual ("Policy Manual"). These policies and requirements play an integral role in preserving our proud heritage. For while membership is an honor, it carries an equal responsibility. We trust you will comply with all aspects of this Policy Manual in order to uphold the high standards of our organization and fully endeavor to preserve the good will our name and trademarks have engendered by consistently delivering a premiere level of service to your real estate clientele. Congratulations again and welcome to the Sotheby’s International Realty network. Sincerely,

Francis X. Santangelo SVP, Global Operations 175 Park Avenue Madison, NJ 07940 t 973.407.6587 fran@sir.com

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©2004-2016 Sotheby’s International Realty Affiliates LLC. January 2016

Auction Format Real Estate Brokerage (cont’d)

does not serve your geographic market, you may be prevented from conducting a Real Estate Auction. We reserve the right to require the auctioneer to enter into a separate license agreement that will contain restrictions and guidelines consistent with those set forth herein.

Marketing Materials. All marketing and promotional materials related to the Real Estate Auction that bear the Sotheby’s International Realty name and Mark shall require our advance written approval (which shall be granted in our sole and absolute discretion). You must use the marketing templates we make available to you. In no event shall the name of the real estate auctioneer be in close proximity to the Mark on any materials. If applicable, any proposed materials (other than marketing templates created by us and pre-approved for use) must be sent to us no later 15 calendar days prior to the date such materials need to be finalized for printing. All materials should be sent to auctionapprovals@sothebysrealty.com.

Public Communications. All proposed public communications regarding Real Estate Auctions require our prior written approval. Any such pre-auction communications must be sent to us no later than 3 business days prior to the date such materials need to be finalized for distribution, and any communications that are to be released post-auction must will be reviewed within 1 business day of our receipt. All materials should be sent to auctionapprovals@sothebysrealty.com.

Minimum Offering Price / Quality. Only residential properties with a bona fide list price of $350,000 or greater may be included in the Real Estate Auction (if the property was listed prior to the Real Estate Auction). If the property was not listed prior to the Real Estate Auction, then such property must have a good faith estimated value of $350,000 or greater. All properties included in the Real Estate Auction must be of a property type and quality that is consistent with the properties that qualify to appear on sothebysrealty.com. Any property that does not qualify for inclusion in the Real Estate Auction (e.g. those not meeting the price thresholds or commercial properties) must be approved by us in advance (in our sole and absolute discretion).

Absolute Auctions. Other than as may be required by law and industry best practices, you shall not in any way publicize, promote or mention that properties included in the Auction are subject to an “Absolute Sale.” To the extent that such disclosures are required by applicable law, they shall be made in a dignified manner consistent with the quality associated with the Mark and shall not be used as a

N EWS & I N FO R M AT I O N FO R SOTHEBY’S INTERNATIONAL REALTY® P RO F ESS I O N A LS | F E B RUA RY 1 2 , 20 16

POLICY & PROCEDURES MANUALAs you know, from time to time, we amend our Policy and Procedures Manual. To review and download the recently updated Policy and Procedures manual, please click here to visit our Members’ Web site. This version of the Manual is effective immediately.

N EWS & I N FO R M AT I O N FO R SOTHEBY’S INTERNATIONAL REALTY® P RO F ESS I O N A LS | F E B RUA RY 1 2 , 20 16

SIR MOBILE

POWERED BY SMARTER AGENT

NO COST SOTHEBY’S INTERNATIONAL REALTY® AFFILIATE BRANDED APP

As a Sotheby’s International Realty affiliate, you now

have the opportunity to receive a free affiliate mobile

app. Your branded affiliate app will come equipped

with local company name branding and marketing

tools through the Smarter Agent reporting system.

Each affiliate will receive a custom URL for customer

engagement to download the locally branded mobile

app. For more details please reach out to Smarter

Agent at support@smarteragent.com.

Please note this app will only be downloadable

through the custom URL and will not be found in

the respective app stores.

GIVE YOUR AGENTS THEIR OWN PERSONALIZED MOBILE APPS

With the inclusion of the affiliate branded app, you

will be able to purchase personalized apps for your

agents at a discounted rate of $3 per month per

agent or agents can purchase their own app directly

for only $9.99 per month per agent. For more details

please reach out to Smarter Agent at support@smarteragent.com.

N EWS & I N FO R M AT I O N FO R SOTHEBY’S INTERNATIONAL REALTY® P RO F ESS I O N A LS | F E B RUA RY 1 2 , 20 16

Strong sophisticated and state of the art. The new 2016 Mercedes-Benz models combine luxury with performance across a full line of luxury cars, sedans, SUVs, coupes, roadsters, convertibles & more. And don’t forget the Sotheby’s International Realty network can take advantage of the premier access program, which provides an incentive of $500 to $3,500 on the purchase or lease of a new vehicle. This is a US only program at this time.

We all know that getting your business in front of your audience as many times as possible is one of the best ways to increase brand recognition. That is why XpressDocs offers a large selection of branded promotional products specifically for the Sotheby’s International Realty network to help keep your brand top of mind. Whether you are looking for gifts, tradeshow giveaways, office products or apparel, Xpressdocs has it all!

To browse options today, click on

Product Studio under Popular Links on the

Members’ Site.

For more information visit the Marquis Privileges Cost

Savings page on the Members’ Site.