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

Media contact: Darren Hoffman 973-407-7904 darren.hoffman@era.com

PARSIPPANY, N.J., (February 20, 2008) – ERA Franchise Systems LLC reported today the 2007 growth of its national and international network. Steady growth throughout the year proves that savvy entrepreneurs across the United States continued to choose ERA Real Estate as their flagship real estate brand of choice.

In the fourth quarter of 2007, a total of 11 new franchises joined the ERA network and another 13 companies expanded their respective operations through mergers or acquisitions. Fourth quarter activity raised the number of new affiliates that joined ERA Real Estate for the full year to 52 firms.

The ERA network added two new offices in California, with one in Taranza and another in Corona. Additionally in California, the ERA Dream Team expanded in San Clemente with the addition of a new office. The ERA network also increased its market share in Georgia with two new firms joining its ranks in Newnan and East Point. ERA Buckhead Realty expanded its operations in the Peach State as well with a new office in Conyers in the fourth quarter.

ERA Real Estate expanded its presence in major international markets in the past 12 months. In 2007, ERA Real Estate's global operations grew with new office openings under master franchise agreements in six countries/territories including: the Dominican Republic, Guadeloupe, Italy, Mexico, Morocco and Turkey.

"Despite the fact that the real estate market is currently facing some challenging times, our franchise operators know that real estate is cyclical and that market conditions will change and successful professionals must quickly and effectively adjust to them, said Brenda W. Casserly, president and chief executive officer of ERA Franchise Systems LLC. "They selected the ERA system because the franchise offers the latest state-of-the-art sales and training tools that will give them the competitive edge in every type of market."

New Company Affiliations

Listed below are real estate companies that affiliated with ERA Real Estate during the fourth quarter of 2007:

Company	Office(s)	State
ERA Pinnacle Properties	Black Mountain	NC
ERA Excellence	West Chester	PA
ERA Integra Realty	Elizabeth	NJ
ERA Prime Real Estate	Taranza	CA
ERA United Realty Group	Newnan	GA
ERA Lakes Edge Realty	Lake Lure	NC
ERA The Baker Group Realtors	East Point	GA
ERA Byars & Associates	Jasper	AL
ERA Alpha-Net Real Estate	Corona	CA
ERA Real Estate Links	Carmel	IN
ERA Sanders Real Estate	Pratt	KS

Expanded Operations

Listed below are existing ERA affiliated companies that expanded operations through mergers/acquisitions or opening new offices in the fourth quarter of 2007:

Company	Office(s)	State
Hunt Real Estate ERA	Carthage	NY
ERA Rushing, McAdams, Polychron Realtors	Hot Springs	AR
ERA Johnson Real Estate, Inc.	Hermitage	PA
ERA Morrison Real Estate	Westford	MA
Pargin Realty ERA	Albuquerque	NM
ERA John Hausam Realtors	Grove	OK
Lambros Real Estate ERA	Kalispell	MT
ERA Integrity Real Estate	New Castle	IN
ERA Buckhead Realty	Conyers	GA
ERA Dream Team	San Clemente	CA
ERA Comprehensive Real Estate Services	Centerville	OH
ERA Tides Realty	Summerville	SC
ERA Woods Group	Lexington	KY

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.