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., (August 3, 2007) – ERA Real Estate announced today that its franchise system has experienced substantial growth in the first six months of 2007 as 24 new affiliates joined its global network. Twelve new affiliates joined the network in the second quarter, covering 10 states. In addition, 11 existing ERA franchisees expanded their operations in the second quarter through mergers and acquisitions or by opening new offices, raising the year-to-date count of ERA affiliates having expanded their operations to 25. Among the second quarter growth highlights were network expansions in Florida, with two new affiliate signings and five existing ERA franchises reporting operational expansions.

"Although the real estate market in many areas of the country is still in transition, our recent affiliations clearly show that the ERA System continues to attract top real estate professionals who are looking for an edge in today's home sales market," said Brenda W. Casserly, president and chief executive officer of ERA Franchise Systems LLC. "Time and again, our new affiliates tell us that they joined the ERA network because of our menu of sales and training tools that they believe will pay dividends now and in the future."

ERA Elite Ventures Realty of Columbus, Ga., provides an excellent case study of a new brokerage looking to quickly establish itself as a leader in its market by leveraging its affiliation with ERA Real Estate. Kia Chambers, broker/owner; Travis Chambers, CEO and founder; and Dequindrae Hartnett, CFO; agree that the ERA System offers the necessary tools to help facilitate the firm's growth plans in the Columbus market.

"We found it to be a great opportunity to join the ERA team because of its technology and training," Travis Chambers said. "Our main goal is to be on the cutting edge and ERA Real Estate matches our culture and business goals."

Kia Chambers spoke of the robust ERA marketing and home sales tools as key advantages for the firm. "Our affiliation with ERA Real Estate enables us to offer our sellers something no one else can match," she said.

Anthony Smith, trainer and property manager for ERA Elite Ventures Realty, cites the ERA e-Campus training program as providing the firm with the tools to offer quality training curriculum to its new agents as the company looks to grow in the future.

Also new to the ERA network is ERA Cusick Realty of Ventura, Calif., headed by husband and wife management team Alan and Deborah Cusick, who have over 40 years of real estate experience between them. The firm opened its doors on June 1, 2007 and serves Southern California's gold coast communities between Malibu and Santa Barbara. The firm plans to expand its operations in the future.

The company researched a host of real estate franchise opportunities before deciding to join ERA Real Estate. "We wanted to start with a clean slate and to also bring on agents with good ethics," said Deborah Cusick.

Alan noted that after having discussions with ERA officials at the franchise's convention earlier this year in Las Vegas, the company chose ERA Real Estate due to its extensive training programs as well as the fact that ERA Cusick would be the only ERA franchise in the region.

The training and marketing tools ERA Real Estate provides are not only attractive to the company's principals, but to its agents as well. "The agents are extremely excited because they now have tools to work with that are better than ever before," Deborah Cusick related.

New Company Affiliations

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

Company	Town	State	Brokers/Owners
ERA Barring Realty	Richmond Hill	N.Y.	Gurcharan Baring
ERA EMDE & Associates	Stillwater	Okla.	Douglas Emde
ERA Nicholas Real Estate	Enid	Okla.	Jimmy Nicholas
ERA The Masiello Group	Exeter	N.H.	Christopher J. Masiello
ERA Platinum Brokers.com	Phenix City	Ala.	Henry Tillery
ERA Goff & Associates Realtors	Brandon	Fla.	Glenn Goff
ERA Sand and Sea Realty Group	Ocean Isle Beach	N.C.	Robin Perschel
ERA Cusick Realty	Ventura	Calif.	Deborah Cusick
ERA Whitaker Realty	Magnolia	Texas	Robert Whitaker
ERA Elite Ventures Realty	Columbus	Ga.	Kia Chambers
ERA Mill Race Realty	Langhorne	Pa.	C. Michael Manzo
ERA Vacation Home Store	Kissimmee	Fla.	Raymond Butterfield

Expanded Operations

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

Company	Office(s	State	Brokers/Owners
ERA Barring Realty	Richmond Hill	N.Y.	Gurcharan Baring
ERA Parrish Realty	Greenville	Tenn.	Michael Allen
ERA Showcase Properties & Investments	Indialantic	Fla.	Barbara K. Keller
ERA Tricoastal Realty	Naples/Bonita Springs	Fla.	Gwen Martin
ERA King Real Estate	Rainbow City	Ala.	Everett King
ERA Heritage Realty	Bradenton	Fla.	Horbert Oney Jr.
ERA Oxford Realty	Sylacauga	Ala.	William Waldrip
ERA Liberty Realty	Martinsburg	W.Va.	John H. Kilroy
ERA Primavera Group	Patchogue	N.Y.	Melly Rosario
ERA Tom Grizzard, Inc.	Lady Lake	Fla.	Thomas Grizzard
ERA Metro Realty	San Diego	Calif.	Randall B. Koltz

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.