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@realogy.com

PARSIPPANY, N.J., (September 6, 2006) – ERA Real Estate today announced it is the recipient of the 2006 J.D. Power and Associates Award for "Highest Overall Satisfaction For Repeat Home Sellers Among National Full Service Real Estate Firms." This marks the third year in a row that ERA Real Estate has received an award from this prestigious organization.

Last year, the company was the recipient of the 2005 J.D. Power and Associates Award for "Highest Overall Satisfaction For First Time Home Sellers Among National Full Service Real Estate Firms." In 2004, ERA Real Estate received the award for "Highest Overall Satisfaction For First Time Home Buyers Among National Full Service Real Estate Firms."

"Being recognized for customer satisfaction once again by a well-respected organization such as J.D. Power and Associates is a testament to the dedication and commitment of our sales associates and brokers," said Brenda W. Casserly, president and CEO for ERA Franchise Systems LLC. "This award is a reflection of our promise to our customers to be 'Always There For You' throughout the homebuying and selling process."

ERA Real Estate's host of products, services and materials dedicated to meeting the unique needs of sellers contributed to its award-winning satisfaction ratings. A customer favorite is the ERA Sellers Security® Plan, a unique, guaranteed sale program that offers sellers the freedom to close on their next home, even if their current home has yet to sell.

About the J.D. Power and Associates 2006 Home Buyer/Seller Satisfaction Study^SM.
ERA received the highest numerical score among national full service real estate firms for repeat home sellers in the proprietary J.D. Power and Associates 2006 Home Buyer/Seller Satisfaction Study^SM. Study based on 3,709 total responses measuring real estate firms and measures opinions of homebuyers and sellers. Study results are based on experiences and perceptions of consumers surveyed in April through May 2006. Your experiences may vary. Study conducted for Realogy Corporation by J.D. Power and Associates.

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.