Exciting Announcement

THE HERMAN GROUP JOINS ERA REAL ESTATE NETWORK
ERA Real Estate Enters Denver Market and Continues Franchise Growth
in Colorado and Florida with National Top 150 Brokerage Firm

• ERA Real Estate Grows Network in Colorado Markets
• The Herman Group Joins ERA Franchise System
• Firm Will Now Operate as ERA Herman Group Real Estate

PARSIPPANY, N.J. (February 23, 2010)– ERA Franchise Systems LLC

, a global franchising leader in the residential real estate industry, today announced it has entered the Denver market and continued its domestic franchise growth in Colorado and Florida. The Herman Group

, a leading real estate brokerage firm with more than 1,000 real estate professionals operating primarily in Denver, Colorado Springs and South Florida, has joined the ERA^® global network. The firm will now operate as ERA Herman Group Real Estate. This addition gives ERA Real Estate significant presence in Colorado Springs and other key markets including Denver, a new market for the growing network. It is a major step in the strategy for dynamic growth put in place by ERA Franchise Systems LLC president and chief executive officer, Charlie Young.
“It is tremendously exciting for us to be able to enter the Denver market with a business leader and a company that are as well respected as Roger Herman and his firm,” said Young. “ERA Herman Group Real Estate delivers a powerful combination of innovative spirit, forward-thinking approach and market presence. It is an example of the kind of company we have and will continue to attract as we grow our network. Our vision for the future is one of leadership and innovation and ERA Herman Group Real Estate is a great fit for the brand. Plus, this new affiliation will increase our already strong presence in Colorado Springs rooted in our successful, long-time affiliation with ERA Shields Real Estate and CEO/Owner Bill Hurt.”
The Herman Group is an independent, full-service real estate firm serving buyers and sellers in Colorado, where it was established in 2004, and in South Florida. With closed sales volume in 2008 of $730 million, an average sales price of $242,000, and over 3,000 closed sides, The Herman Group was ranked No. 121 in the 2009 Real Trends 500. Its founder, Roger Herman, has over 20 years of experience in all aspects of residential and commercial real estate including mortgage, title, relocation, short sales and REO properties. After years of record sales in residential real estate, Mr. Herman put his entrepreneurial skills to work to build a company from the ground up.
“Real estate is my passion. To become part of ERA Real Estate really stokes the fire,” said Roger Herman, principal broker of ERA Herman Group Real Estate. “Despite some of the recent challenges in the industry, we still see significant long-term growth opportunities based on innovation and new technologies. ERA Real Estate, under Charlie Young’s leadership, shares that vision. Joining a network with top pros like Bill Hurt and ERA Shields Real Estate in Colorado Springs can only help my team be more successful.”
About ERA Franchise Systems LLC
ERA Franchise Systems LLC

is a global franchising leader in the residential real estate industry with more than 35 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 approximately 30,000 brokers and sales associates and approximately 2,600 offices throughout the United States and 45 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

.