| 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., (April 30, 2007) – ERA Franchise Systems LLC reported today that its franchise system continues to grow with 11 new residential brokerage companies joining its global franchise network in the first quarter 2007. ERA officials also stated that another 14 affiliated companies expanded their real estate brokerage operations in their respective markets across the country via mergers/acquisitions or opening new branch offices.
ERA Real Estate saw the most significant growth in the first three months of 2007 in Texas, California and South Carolina. The Lone Star State led the way with three new real estate brokerage grand openings along with three ERA affiliates expanding their operations in key Texas markets. South Carolina had two new brokerage openings and one existing franchise expansion. In addition, three new ERA franchised brokerage companies opened their doors for business in California.
The California and Texas markets continue to be a major source of growth for ERA Real Estate. In 2006, 17 new franchise brokerage companies in California joined ERA Real Estate and 10 new firms from Texas became part of the global network.
"As the residential real estate market continues to evolve one thing has remained constant, ERA Real Estate has continued to show impressive growth in both the domestic and international arenas," said Brenda W. Casserly, president and CEO of ERA Franchise Systems LLC. "Our strong showing in the first quarter of 2007 is a testament to the state-of-the art technology and tools that draw more and more real estate professionals to the ERA family.
"This year we will continue to invest in our business practices by adding new world-class products and services that help our brokers and sales associates compete in today's changing real estate marketplace and support their success in the future," said Casserly.
New Company Affiliations Listed below are new real estate companies that affiliated with ERA Real Estate during the first quarter of 2007:
| Company | Town | State | Broker/Owner |
| ERA All Team Realty | Myrtle Beach | S.C. | James Smith |
| ERA Capital Executive Realty | Torrance | Calif. | Melvin Burrell |
| ERA Classic Real Estate | Greeley | Colo. | Fred Carollo |
| ERA Executive Realty | Smyrna | Ga. | Janelle Dorvil |
| ERA First American | San Bernardino | Calif. | Leon Garcia |
| ERA Holiday Real Estate | Ocean City | Md. | Jerome Milko |
| ERA New Age Real Estate | Richardson | Texas | Charlene Winter |
| ERA Pathfinder Properties | Katy | Texas | Rex L. Brown JR |
| ERA Truvillion Realty Group | Dallas | Texas | Capri Truvillion |
| ERA Upstate Realty | Greenville | S.C. | Paul T. Hogan |
| ERA Vista Realty | Covina | Calif. | Joe Rosales |
Expanded Operations
Listed below are existing ERA affiliated companies that expanded operations through mergers/acquisitions or opening new offices in the first quarter of 2007:
| Company | Town | State | Broker/Owner |
| ERA Capital Executive Realty | Las Vegas | Nev. | Melvin Burrell |
| ERA Brokers Consolidated | Saint George | Utah | Thayne Houston |
| ERA Comprehensive Real Estate Services | Tipp City | Ohio | Gary Yagley |
| ERA Courtyard Real Estate | Lubbock | Texas | Drury Roberts |
| ERA Courtyard Real Estate | Ransom Canyon | Texas | Drury Roberts |
| ERA Fernandina Beach Realty | Callahan | Fla. | Steve Simmons |
| ERA Goodfellow Homes | Danbury | Conn. | Scott Cooney |
| ERA Network Real Estate | Grand Rapids | Mich. | Dana Slocum |
| ERA The Masiello Group | Durham | N.H. | Christopher J. Masiello |
| ERA The Masiello Group | Kennebunk | Maine | Christopher J. Masiello |
| ERA Silver Star | La Porte | Texas | Richard Skotak |
| ERA Town & Country Real Estate | Henderson | Nev. | R. L. Stein |
| ERA Tucker Associates | Blauvelt | N.Y. | Sharon Tucker |
| ERA Wilder Realty | Santee | S.C. | Eddie Wilder |
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.
