Syndicate Buys Realty World Master Franchise for Mexico : Real estate: Group is headed by member of Mexico’s NAFTA delegation to Washington. He hopes to open six to 10 offices by January.

The Realty World Organization, which has 800 residential real estate offices in this country and Canada, said Wednesday that it has sold its master franchise for Mexico.

The rights were sold to a Mexican syndicate headed by Cesar Paredes, vice president of Mexico’s national real estate association and a member of the Mexican government’s team meeting in Washington to discuss the North American Free Trade Agreement.

Terms of the deal were not disclosed. A spokesman for Realty World said Paredes hopes to open six to 10 Realty World offices in the Monterrey area of Mexico by early January.

Realty World’s expansion into Mexico followed an announcement Tuesday that Mission Viejo-based Coldwell Banker Corp. has agreed in principal to a partnership and master franchise contract in Canada.

Laurie Moore, co-publisher of Realty Trends newsletter in Dallas, said the larger residential real estate franchise companies have saturated the U.S. market and are looking abroad for new business. She included Century 21, Remax and Prudential in that list.

These franchisers “realize that in general, business has become more trans-national, more global,” she said.

Seal Beach-based Realty World was an early player in the international market, Moore said. But its progress was stalled when the Resolution Trust Corp. took over its parent company, San Jacinto Savings & Loan, in Texas.

Realty World is now owned by R.W. Holding, a company incorporated in Delaware whose major principals are Canadian entrepreneurs, said Yvonne Corrigan-Carr, executive vice president of operations.