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., (October 31, 2007) – ERA Franchise Systems LLC reported today third quarter growth that included the addition of 17 new residential brokerage affiliates to its global franchise network as well the expanded operations of eight existing affiliates through mergers, acquisitions or the opening of new offices. Thus far in 2007, a total of 40 new firms have joined the ERA Real Estate franchise network.

"ERA Real Estate has shown an impressive resiliency and consistency in terms of its network growth in 2007," said Brenda W. Casserly, president and chief executive officer of ERA Franchise Systems LLC. "The third quarter was our best so far this year in terms of new affiliates joining our network. Also, the number of existing firms expanding their businesses within ERA has mirrored results from the first and second quarters of this year, which is a credit to our existing franchisees."

In the third quarter of this year, a total of 17 new affiliates with 26 offices spread out over 11 states joined the ERA franchise system. In terms of business expansions, 10 existing ERA franchisees expanded their base of operations, thus raising the year-to-date total to 31 brokerages that have grown their geographic base within the ERA network. Four of these firms opened new locations in Florida and two companies have opened the doors to new locations in Massachusetts in the third quarter.

ERA Franchise Systems strengthened its market presence on the West Coast with four new firms joining the network in California, adding 11 office locations in the prime market areas of: Burbank, Mission Viejo, Victorville, Torrance, Rancho Cucamonga, Carson, Cerritos, Chatsworth, West Lancaster, Palmdale and Van Nuys. ERA Real Estate also added two offices in Philadelphia.

New Company Affiliations

Listed below are the 17 real estate companies that affiliated with ERA Real Estate in the third quarter of 2007:

Company	Office(s)	State
ERA Byrne Realty	Brick	NJ
ERA People's Realty	Van Nuys, Palmdale, Chatsworth, Lancaster	CA
ERA Aarch Realty	Philadelphia	PA
ERA American Realty Group	Eau Claire	WI
ERA Johnny Owens Realty	Lawton	OK
ERA Lakeway Real Estate	Dandridge	TN
ERA North Point Realty	Plano	TX
ERA One Step Realty	Burbank	CA
ERA Pacific Meridian	Mission Viejo	CA
ERA SK Realty	Springfield	KY
ERA White Pine Real Estate	Crivitz	WI
Lambros Real Estate ERA	Missoula, Hamilton, Polson	MT
ERA Buy America Real Estate Services	Victorville, Cerritos, Rancho Cucamonga, Carson, Torrance	CA
ERA Cilione Real Estate	Philadelphia	PA
ERA Esther Morales RE	Rio Rico	AZ
ERA Hemlock Sales Agency	Lords Valley	PA
ERA Integrity Realty	Summer	WA

Expanded Operations

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

Company	Office(s)	State
ERA Menu Realty	Port Orange	FL
Meloi Realty Inc.	Milford	PA
ERA One Source Real Estate Services	Venice	FL
ERA SK Realty	Cambellsville, Lebanon	KY
ERA Winning Team Realty	North Bergen	NJ
ERA American Realty of North West Florida	Navarre	FL
ERA M. Connie Laplante Real Estate	South Hadley	MA
ERA Morrison Real Estate	Billerica	MA

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 35,000 brokers and sales associates and approximately 2,900 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.