Ask Clara anything → What's a royalty? What does it really cost to open one? Do I get a protected territory? Can I sell this someday? What happens if I get sick? Can my kids take it over? What am I really signing up for? How do I get out if I want to? What fees come after the franchise fee? How long am I locked in for? How are their current franchisees doing? Ask Clara anything → What's a royalty? What does it really cost to open one? Do I get a protected territory? Can I sell this someday? What happens if I get sick? Can my kids take it over? What am I really signing up for? How do I get out if I want to? What fees come after the franchise fee? How long am I locked in for? How are their current franchisees doing?
Sotheby's International Realty FDD Analysis · 2026

Inside the Sotheby's International Realty franchise disclosure

You searched the right thing. The FDD is the document that spells out what a Sotheby's International Realty franchise is really about — what you're committing to, and what they're committing to you. Here's a sampling of what their 2026 Franchise Disclosure Document reveals:

Investment to open
$47K–$332K
System size
709 total locations
Financial perf. (Item 19)
Not included
Year
2026 filed March 30
System size Between its 2025 and 2026 FDD filings, Sotheby's International Realty contracted from 710 to 709 locations.
01

Here's what their franchise disclosure tells you

Every detail below is drawn straight from Sotheby's International Realty's 2026 Franchise Disclosure Document — and in your Clearly Workspace, Clara links each one back to the exact page in the FDD. See what that looks like →

Item 7

Estimated Initial Investment

The full cost to open, low to high, including working capital.
$47,250–$331,950
Item 7
Item 19

Financial Performance

What the franchisor discloses about how outlets perform.
No financial performance representation in this FDD.
Ask Clara what that means →
Item 20

Outlets & Franchisees

Outlet counts, openings and closures, turnover.
709 locations
Down from 710 in the 2025 filing · Item 20
Item 6

Other Fees

The recurring fees — royalty, brand fund, and the rest.
The royalty, brand fund, and every other recurring fee are itemized in Item 6.
See the full fee schedule with Clara →
Item 5

Initial Fees

The upfront fees due before opening.
The initial franchise fee and other upfront costs are listed in Item 5.
Ask Clara about the upfront fees →
Item 12

Territory

Whether you get a protected area, and on what terms.
Territory rights and their limits are defined in Item 12.
Ask Clara what the terms mean →
02

What this year's filing shows

  • 1
    Sotheby's International Realty contracted from 710 locations in its 2025 filing to 709 in its 2026 filing. (Item 20.)
  • 2
    The 2026 FDD does not include an Item 19 financial performance representation. Clara can walk you through what that means for your diligence. (Item 19.)
Sotheby's International Realty's franchise agreement is a long-term commitment — and the FDD is the document that spells out exactly what you're signing up for.

You cannot change the FDD — and that's not the point. The point is to walk into your next conversation with Sotheby's International Realty knowing what you're agreeing to, so you ask the questions that matter most to you. We're not here to talk you out of anything — we're here to make sure your excitement is the clear-eyed kind.

Open Sotheby's International Realty's FDD in the Clearly Workspace — with Clara beside you.

The Workspace is where you and Clara review the FDD together. She's read every page, and she'll walk you through any of it — the basic questions, the ones you're not sure are smart, the ones keeping you up at night. No judgment, ever. Ask her what a royalty really costs you, whether you could sell one day, what happens if you get sick — anything.

It's the smart first step before you sign, or before you spend on an attorney: get into the Workspace for $49, get to know the FDD, and walk into your attorney conversation already knowing the document, so your time with them goes to the parts that matter most to you. Ask Clara as many questions as you want for 30 days — there's no limit, and no question is too small.

When your 30 days with Clara are up, the Workspace doesn't go anywhere. It's saved to your Clearly Library, so you can reopen the Clearly Report, the FDD, and your notes whenever you come back to the decision.

We're not paid if you sign a franchise agreement. We're here to help you understand it before you do.
$99$49
Launch price Open the Sotheby's International Realty FDD in the Workspace → Explore a Live Workspace →
The full FDD in your Clearly Workspace · Clara beside you · unlimited questions for 30 days · saved to your Clearly Library
03

Common questions

How much does it cost to open a Sotheby's International Realty franchise?
Sotheby's International Realty's 2026 FDD estimates a total initial investment of $47,250–$331,950. The itemized breakdown, including the initial franchise fee, is in Items 5 and 7.
What are the ongoing fees for a Sotheby's International Realty franchise?
The royalty, brand-fund contribution, and every other recurring fee are itemized in Item 6 of Sotheby's International Realty's 2026 FDD. Clara walks you through the full fee schedule in your Clearly Workspace.
Does Sotheby's International Realty share how its franchises perform financially?
Sotheby's International Realty's 2026 FDD does not include an Item 19 financial performance representation. Clara can explain what that means for your diligence in your Clearly Workspace.
How many Sotheby's International Realty locations are there?
Sotheby's International Realty's 2026 FDD reports 709 locations (Item 20).
Review Sotheby's International Realty's FDD in the Clearly Workspace
Clara's read every page and reviews it with you — ask as many questions as you want for 30 days. No question too small, no judgment. Yours to keep in your Clearly Library.