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., (July 30, 2007) – ERA Franchise Systems LLC has announced the latest addition to ERA Europe's operations – Turkey. The ERA global network now includes more than 38,000 brokers and sales associates and nearly 3,000 offices throughout the United States and 44 other countries and territories; ERA Europe's operations account for 17 European markets with over 1,100 offices and 6,500 brokers and sales associates.

"We take great pride in the fact that ERA is a global leader and has such a solid reputation in the residential real estate industry," said Brenda W. Casserly, president and CEO, ERA Franchise Systems LLC. "The strength of the brand is derived from more than 30 years experience in developing successful consumer-oriented products and services. Entering Turkey is a testament to the hard work and dedication of ERA Europe's management team and it demonstrates the true reach and strength of the brand. We're proud ERA Turkey is now part of the ERA global family."

"The Turkish real estate market is so dynamic; it is an exciting time to be involved with its growth and development," said François Gagnon, President, ERA Europe. "We welcome the ERA Turkey team to our European network and look forward to establishing the ERA brand name in this new market. ERA Europe was built on a foundation of solid brand equity and has developed into a leading real estate powerhouse throughout Europe."

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.