2004 Press Releases

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

Media contact: Steven Alessandrini (973) 496-7904 steven.alessandrini@era.com

PARSIPPANY, NJ, February 26, 2004 – Underscoring its commitment to remain at the technological forefront of the real estate industry, ERA Real Estate announced today the introduction of ERA.com Mobile. This exciting wireless software enhancement allows ERA® real estate professionals, as well as their customers, complete access to ERA.com home listings from wireless tools, including cell phones and personal digital assistants (PDAs). ERA Real Estate is the first national real estate franchise to offer this innovative service.

Now, consumers with Web-configured cell phones or handheld systems can log on to their browser, type in "www.ERA.com" and connect instantly to thousands of property listings, along with many other features and tools. In addition, this convenience makes ERA real estate professionals better equipped to meet the needs of the rapidly growing number of mobile, tech-savvy consumers looking to buy or sell a home.

"With the introduction of ERA.com Mobile, our exceptional network of brokers and sales associates possess a distinct marketing advantage within the industry," said Brenda W. Casserly, president and COO, ERA Real Estate. "We also offer consumers the added convenience of accessing a multitude of tools and resources, in addition to the expert knowledge and guidance of our real estate professionals, from literally anywhere, anytime. This truly sets us apart in today's competitive market."

About ERA Franchise Systems LLC
ERA Franchise Systems LLC is a global leader in the residential real estate industry with more than 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 more than 29,100 brokers and sales associates throughout the United States and 30 other countries and territories. Each office is independently owned and operated except offices owned and operated by NRT Incorporated. ERA® information is available to consumers at ERA.com. ERA® properties can also be viewed at Realtor.com. For additional information about ERA Franchise Systems LLC as well as expert commentary on emerging trends in the real estate industry, visit the Cendant Media Resource Center at http://www.cendant.com/media/.