ERA Franchise Systems, Inc. 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 21, 2005 – ERA Real Estate today announced several enhancements to its ERA® Sellers Security® Plan that make it easier for more consumers to take advantage of its unique guaranteed sale program than ever before. For nearly 30 years, the brand has stood behind its slogan, "We Will Sell Your House or ERA Will Buy It!®." The latest changes to this program greatly increase the number of homes that qualify for the plan while reducing the time and fees required to participate.

For the cost of just one appraisal and one home inspection, ERA customers can now capitalize on the security of the Sellers Security Plan without incurring any major expenses. ERA Real Estate has also streamlined the process and can now enroll sellers into the program in 30 days or less. Previously, the plan had required an activation fee and two appraisals, which typically took 45 to 60 days to complete.

"The Sellers Security Plan remains the only guaranteed sale program of its kind offered by a national real estate company," said Brenda W. Casserly, president and COO, ERA Franchise Systems LLC. "Home sellers who opt for this plan have the peace of mind of knowing that they are starting the sales process with a standing offer from ERA Real Estate to buy their home."

To provide the benefits of the guaranteed sale program to a broader range of consumers, the ERA Sellers Security Plan now covers qualified homes valued up to $750,000. In addition, Sellers Security Plan participants who wish to borrow against the equity in their current home for down payment and closing costs on a new home may now do so directly through ERA Mortgage. This provides a one-stop shopping experience for ERA clients.

"The Sellers Security Plan clearly provides an unmatched level of assurance to sellers," added Casserly. "But the plan also benefits homebuyers whose funding is contingent upon the sale of their current house first. We tell prospective buyers that 'To help you buy the house of your dreams, we'll buy yours.' With our Sellers Security Plan, they can be under contract with ERA Real Estate on their home in under 30 days, thus eliminating the need for them to make a contingency offer as a buyer."

For more information on the ERA Sellers Security Plan, visit www.ERA.com or call the ERA Answers Line (800-869-1260).

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 up with the Muscular Dystrophy Association in its fight against neuromuscular diseases, raising more than $30 million. The ERA network includes more than 38,000 brokers and sales associates and approximately 3,000 offices throughout the United States and 49 other countries and territories. Each office is independently owned and operated except offices owned and operated by NRT LLC. 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.