FDD Year-over-Year Comparison
Sotheby's International Realty FDD: What Changed from 2025 to 2026
The 2026 Sotheby's International Realty FDD moves the Item 7 estimated initial investment range from $46,150–$324,850 to $47,250–$331,950, and the system contracts from 710 to 709 outlets year-over-year. Neither filing includes an Item 19 financial performance representation.
Item 7 — Estimated Initial Investment
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Low end of range | $46,150 | $47,250 | +$1,100 (+2.4%) |
| High end of range | $324,850 | $331,950 | +$7,100 (+2.2%) |
| Full range | $46,150–$324,850 | $47,250–$331,950 |
The 2026 filing puts the Item 7 estimated initial investment at $47,250–$331,950, versus $46,150–$324,850 in the 2025 filing. The low end moves by +$1,100 (+2.4%) and the high end moves by +$7,100 (+2.2%).
Item 20 — System Size (Outlet Count)
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Total outlets (Item 20) | 710 | 709 | −1 (−0.1%) |
Sotheby's International Realty reports 709 outlets in the 2026 FDD, versus 710 in the 2025 filing (−1 (−0.1%)).
Item 19 — Financial Performance Representations
Sotheby's International Realty did not include an Item 19 financial performance representation in either the 2025 or 2026 filing.
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