Sotheby’s International Realty has acquired Majestic Realty Holdings LLC, folding a collective of eight affiliate brands and more than 1,100 agents across the western United States into its owned brokerage network.
The deal lands as Sotheby’s marks its 50th anniversary. The financial terms of the deal were not disclosed.
Majestic Realty Collective posted more than US$13.5 billion (A$16.5 billion) in sales volume across over 10,000 transaction sides last year, according to the announcement, landing it at No. 19 on T3 Sixty’s 2025 Mega 1000 ranking of US brokerages by sales volume.
The collective brings LIV Sotheby’s International Realty, Summit Sotheby’s International Realty, Sierra Sotheby’s International Realty, Las Vegas Sotheby’s International Realty, Sun Valley Sotheby’s International Realty, Group One Sotheby’s International Realty, Desert Sotheby’s International Realty and Central Coast Sotheby’s International Realty under the parent brand’s ownership.
That extends the brand’s reach into resort and luxury strongholds including Denver, Park City, Telluride, Lake Tahoe, Sun Valley and San Luis Obispo.
Existing leadership stays in place: Scott Webber, founder and CEO of Majestic Realty II, LLC, and Thomas Wright, president and COO of Majestic Realty II and principal broker of Summit Sotheby’s International Realty, will continue running the collective.
Scott framed the deal as an extension of the group’s original mission rather than a break from it.
“The Sotheby’s International Realty brand has been central to our growth, and this alignment creates even greater opportunities for our advisors while strengthening our ability to serve clients whose lives, businesses, and investments span multiple markets,” Scott said.
Sotheby’s president and CEO, Philip White, called the acquisition “a natural evolution” of a long-standing relationship between the two organisations.
“Their success across many of the country’s most influential luxury and resort markets makes them an ideal addition to Sotheby’s International Realty, Inc. and further strengthens one of the industry’s premier advisor networks,” Philip said.
He also pointed to shifting buyer expectations in the luxury segment, noting that the collective’s market footprint “aligns perfectly with those trends and further strengthens our ability to serve clients wherever they choose to live, invest, and build wealth through real estate.”
The deal isn’t one-directional. The group also gains Majestic’s new development arm, which spans more than 40 new-construction and master-planned community projects, while the collective’s advisors get access to the brand’s global referral network and to Compass International Holdings’ proprietary Home Platform, which began rolling out across Compass-affiliated brands earlier this month.
The tie-up is the latest in a run of large-scale brokerage acquisitions reshaping the US real estate industry, as major networks compete to lock in luxury market share, technology platforms and top-producing teams under single ownership structures.
This story draws on reporting from Real Estate News and HousingWire.