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, May 16, 2005 – To meet the growing demand of homebuyers interested in resort and second homes, ERA Real Estate has launched Resorts.ERA.com. This new Web site is designed specifically to meet the concerns and needs of consumers seeking vacation homes, investment properties, or future retirement residences.

Visitors to Resorts.ERA.com can conveniently search for properties categorized by state, or search from a wide variety of criteria such as waterfront locations, ski resorts and golf club communities. The site also allows consumers to quickly connect with an ERA sales associate who specializes in the resort and second home market. In addition, the site provides links to "State and Local Resources", as well as "Market Trends", offering home seekers vital information to help them make their purchase decisions.

"This new web site represents a natural extension to our portfolio of consumer resources, and fits seamless into our current Resort Properties International program," said P.J. Martin Smith, senior vice president of marketing for ERA Franchise Systems LLC. "The resort and second home market represents a significant portion of the overall housing market, and this site provides direct access to our database of properties for those individuals considering the purchase of a second home."

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. Since 1977, ERA Real Estate has teamed with the Muscular Dystrophy Association in its fight against neuromuscular diseases, raising more than $30 million. The ERA network includes more than 33,000 brokers and sales associates and approximately 2,800 offices throughout the United States and 49 other countries and territories. Each office is independently owned and operated. ERA Franchise Systems LLC is a subsidiary of Realogy Corporation, a global provider of real estate and relocation services. ERA Franchise Systems LLC information is available at: ERA.com.