2002 Press Releases

ERA Franchise Systems LLC 1 Campus Drive Parsippany, NJ 07054 (973) 428-9700

Media contact: Stacy Quinn (973) 496-7904   stacy.quinn@ERA.com

FOR IMMEDIATE RELEASE 

PARSIPPANY, NJ, May 15, 2002 - ERA Franchise Systems LLC today announced that John Hausam Realtors, one of the Tulsa area's leading residential real estate brokerages, has joined the global network of 2,600 ERA® offices worldwide.

Serving Tulsa and its surrounding communities for more than 30 years, John Hausam Realtors is a family owned and operated business with three offices and more than 125 sales professionals. In 2001, the company reported annual Gross Closed Commissions of $4.6 million. In addition to residential sales, the company specializes in domestic and international relocation services.

John Hausam, Sr., CEO, and John "JL" Hausam, Jr., president, said they chose to affiliate with ERA Real Estate for many reasons, especially the brand's technology and training programs. "As an independent, we were always trying to develop new programs and systems which, in most cases, was extremely time consuming and costly. Through ERA, we have a variety of technology and training tools at our disposal. We don't have to reinvent the wheel," Hausam explained. "We were also attracted to ERA because of its unique products and services, such as the ERA Sellers Security™ Plan."

Another reason for affiliating with ERA Real Estate is its strong growth," Hausam said. "ERA has grown and continues to grow by bringing in big, high-quality brokerages. The company has positioned itself in the same direction we plan to take our business. A brand affiliation is really a team effort. The more the ERA system grows, the more our company grows."

"We are pleased to welcome John Hausam Realtors to the worldwide ERA network," said Brenda W. Casserly, president and COO, ERA Franchise Systems, Inc. "The company has decades of experience and its sales associates are known for going the extra mile to guide their customers through the homebuying and selling process. High-quality companies like John Hausam Realtors play an integral role in the continued growth and success of ERA Real Estate."

About ERA Franchise Systems LLC
ERA Franchise Systems LLC is a global leader in the residential real estate industry with 30 years experience in developing consumer-oriented products and services. It is a subsidiary of Cendant Corporation (NYSE: CD) and part of its Real Estate Franchise Group. The ERA real estate network includes 2,600 offices and more than 28,000 brokers and sales associates throughout the United States and 26 other countries and territories. Each ERA office is independently owned and operated. ERA information is available to consumers on the Internet at www.ERA.com. ERA properties can also be viewed at www.REALTOR.com®.

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