Era Real Estate Adds 27 New Companies To Its Global Network In Second Quarter Of 2006

Network's second-quarter growth highlighted by both new franchisees and the expansion of existing affiliates in Florida, Texas and California -

(Tuesday, August 08, 2006) - ERA Real Estate today announced that it welcomed 27 residential real estate brokerage companies to its global franchise network during the second quarter of 2006. In addition, 17 existing ERA affiliate companies expanded their market presence with new office openings during this three-month period. Through this combination of new company affiliations and existing member growth, the ERA network added 51 new offices for the quarter -- a 16 percent increase over new office expansion during the same quarter in 2005. Year to date, ERA Real Estate has added more than 50 companies and 100 offices to its global real estate network. ERA® now has 2,989 offices and more than 39,700 sales associates and brokers throughout the United States and 29 other countries and territories.

"This past quarter was another huge success in terms of expansion for ERA Real Estate," said Brenda W. Casserly, president and chief executive officer for ERA Real Estate. "We continue to maintain our role as one of the leading growth brands within the industry by offering tools and technology that are unmatched within the industry and by providing our current brokers with the resources they need to expand their business."

Florida accounted for the largest area of growth for ERA Real Estate with six new franchised brokerage companies and three existing franchisees combining to open 11 new offices under the ERA banner between April and June 2006. ERA also expanded its network with six new affiliate companies in Texas and three newly affiliated brokerages apiece in California and North Carolina. The ERA network's second-quarter growth was the result of a combination of new company affiliations and existing affiliate expansion through the opening of branch offices and mergers and acquisitions.

New Company Affiliations
Listed below are real estate companies that affiliated with ERA Real Estate during second quarter 2006:

Company Office(s) State
ERA 1st Choice Realty Parkland FL
ERA Advantage Realty Lake City (2), Live Oak FL
ERA Advantage Realty Pleasantville NY
ERA American Home Realty Glastonbury CT
ERA Anchor Realty Barco NC
ERA Blain & Co. Realtors Bonham, Trenton TX
ERA Blue Diamond Woodbridge VA
ERA Blue Sky DeLand FL
ERA Brown & Rutherford Realty Front Royal VA
ERA Cape Fear Properties Carolina Beach NC
ERA Casa Verde Realty Santa Ana CA
ERA Classic Realty Austin TX
ERA Connie R. Ham Middle GA Realty Forsyth (2) GA
ERA Excel Realty Temecula CA
ERA Falcone Realty Group Fort Meyers Beach FL
ERA First Fidelity Realtors Rowlett TX
ERA Metropoint REALTORS Aurora CO
ERA Newlin & Vincent Realty San Angelo TX
ERA Oasis Realty Arcadia CA
ERA Paramount Realty Maryville TN
ERA Ramtej Realty South Richmond Hill NY
ERA Real Estate Professionals Brandon, Byram, Ridgeland MS
ERA Scenic View Properties Andrews NC
ERA Spencer Realty Gulf Breeze FL
ERA Steve Cook & Co., Realtors Pottsboro TX
ERA Sun Coast Real Estate Punta Gorda FL
ERA Team Advantage Calhoun GA

Expanded Operations
Listed below are existing ERA affiliate companies that expanded their operations through mergers and acquisitions or by opening new branch offices:

Company Office(s) State
ERA American Dream Realtors Flemington NJ
ERA American Realty Navarre FL
ERA Bienvenido Norcross GA
ERA Fernandina Beach Realty Fernandina Beach FL
ERA Gold Crown Realtors Mission Hills CA
ERA Harrington Realty, Inc. Georgetown, Seaford DE
ERA Mata Realty West Sacramento CA
ERA Muske Company Real Estate Saint Croix Falls WI
ERA Semidey & Associates Manassas VA
ERA Signature Allen TX
ERA Tom Grizzard Inc. Wildwood FL
ERA Top Gun Realty, Inc. Salem NC
ERA Top Producers Sevierville TN
ERA United Home Realty Raleigh NC
ERA Webb Associates Winthrop ME
ERA Wilder Realty Santee SC
Napier Realtors ERA Richmond VA

About ERA Franchise Systems, Inc.
ERA Franchise Systems, Inc. is a global leader in the residential real estate industry with more than 30 years experience in developing consumer-oriented products and services. The ERA® network includes more than 39,700 brokers and sales associates and 2,989 offices throughout the United States and 29 other countries and territories. Each office is independently owned and operated except offices owned and operated by NRT Incorporated. ERA Franchise Systems, Inc. is a subsidiary of Realogy Corporation (NYSE: H), the world's largest real estate franchisor. ERA® information is available to consumers at ERA.com.

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