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, April 1, 2005 – ERA Franchise Systems LLC today announced that it experienced 10-year high growth in the Florida real estate market in 2004. Through a combination of existing affiliate growth and the affiliation of new companies, the ERA® network added 24 new offices in the Sunshine State. The national real estate network now has 130 offices and more than 1,250 sales associates and brokers throughout Florida.

"This past year, we had our best year of growth and expansion in the state of Florida in over a decade," said Jack Kornfeind, senior vice president of operations, ERA Franchise Systems LLC. "Our innovative products, services and support allowed us to help existing franchisees grow their business, while also attracting high quality real estate companies to join the ERA system."

The growth of existing ERA affiliates in Florida was led by ERA Showcase Properties & Investments of Merritt Island. ERA Showcase added four offices in 2004, including a new office in Palm Bay and three new offices in Cocoa Beach, Cape Canaveral and Melbourne as a result of a recently completed merger.

"One of the things that has fueled our recent growth has been the desire to provide the best services possible to our customers. By increasing our company infrastructure we are able to provide better services to our agents and they in turn are able to provide added value to customers during the home buying and selling process," added Barbara Keller, broker and co-owner of ERA Showcase Properties & Investments. "Being part of the ERA network has provided us with many tools and resources that have helped us in this effort to grow our business while maintaining our dedication to customer service."

In addition to growth by existing brand affiliates, the ERA system welcomed a number of new Florida real estate companies to its franchise network in 2004. These companies often listed the technology, training and marketing systems available as the most common reasons why they decided to join the ERA real estate network.

Corey Berman, broker and president of Menu Realty, a 7-year old real estate firm in Daytona Beach, Fla., was impressed with the many tools and resources ERA Real Estate has to offer.

"For years, I have had every franchise in the world approach me. And I always told them, if you can show me that you have the tools to make my agents more successful and help my company grow, I'll sign up today," said Berman. "When I saw what ERA Real Estate could offer me, I stayed true to my word. Since joining the ERA network, I have seen my sales volume triple and have been able to acquire four additional offices. I just wish I joined sooner."

The 24 new ERA affiliate offices in Florida from 2004 include:

• ERA Advantage Realty (Sebring)
• ERA Alamo Homes Realty (Orlando)
• ERA Atlantic Coast Realty (Edgewater)
• ERA Atlantic Coast Realty (New Smyrna Beach)
• ERA Beach Ball Realty (Gulf Breeze)
• ERA Beach Ball Realty (Pensacola)
• ERA Beach Ball Realty (Pensacola Beach)
• ERA Capital Realty (Westin)
• ERA Chipola Realty (Chipley)
• ERA Chipola Seminole Realty (Sneads)
• ERA Community Realty (Tallahassee)
• ERA Menu Realty (Daytona Beach)
• ERA My American Dream Real Estate (Plantation)
• ERA Neil Fischer Realty & Investments, Inc. (Mt. Dora)
• ERA Select Realty (Valrico)
• ERA Showcase Properties & Investments (Cocoa Beach)
• ERA Showcase Properties & Investments (Cape Canaveral)
• ERA Showcase Properties & Investments (Melbourne)
• ERA Showcase Properties & Investments (Palm Bay)
• ERA Signature Properties (Estero)
• ERA Stress Free Realty (Pembroke Pines)
• ERA Tom Grizzard, Inc. (Leesburg)
• ERA Total Realty Services (Madiera Beach)
• ERA Westchester Realty (Miami)

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.