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, February 14, 2005 – At its annual International Business Conference in Orlando, Fla. ERA Real Estate today announced several significant updates and enhancements to its intranet site, TeamERA.com, an online resource tool created to support its network of real estate professionals. The relaunched Web site features navigational upgrades, content additions and a fresh, clean look that enhances the online experience and greatly improves user efficiency.

"ERA Real Estate places great emphasis on maintaining an ongoing, constructive dialogue with our brokers and sales associates. The new TeamERA.com site is a tangible outcome of this open communications with our affiliates," said P.J. Martin Smith, senior vice president, marketing, ERA Real Estate. "We know that our real estate professionals are completely focused on their customers and how they can best serve them. With this collective goal in mind, we have worked hard to improve the efficiency and usability of this site."

The newly designed site features a redefined, streamlined navigation system that ensures users are never more than three "clicks" away from what they need. New, easy "expand and close" menus are now in place, as well as menus featuring a "bread crumb trail" design to ensure users never lose their path back to an earlier page. Dynamic, real-time site maps are now provided, as well as an improved, searchable image library. Valuable content has also been added to TeamERA.com, including interactive "how-to" video tutorials to walk site visitors through various ERAŽ systems, step-by-step.

Greater personalization is also a focus of the redesigned site. Personalized homepages, a "My Favorites" area with bookmarked links and specialized content based on user profiles have all been incorporated to increase the overall value of the site for every visiting ERA professional. The site even offers "Related Links" to provide users quick and easy access to other relevant resources depending on the section of the site they are currently visiting.

"Improved functionality, streamlined content and an uncluttered site layout were our top-line goals for the new TeamERA.com," said Bill Cogan, vice president of interactive marketing, ERA Real Estate. "In accomplishing these goals, we believe the site is now easier to use than ever before through such specific design techniques as color-coding, menu icons, targeted imagery and standard page layouts."

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.