Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the New heights Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. New heights Realty Affiliates LLC is a subsidiary of Anywhere Real Estate Inc. (NYSE: HOUS), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. In February 2004, Realogy entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the New heights Realty name and the development of a full franchise system. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. New heights 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 New height’s auction house, established in 1744.