ERA Real Estate Appoints Charlie Young as Chief Operating Officer

February 12, 2009 // // PARSIPPANY, N.J. -- ERA Franchise Systems LLC announced the appointment of Charlie Young as the Company's chief operating officer effective today. Most recently, Young held the chief operating role for Coldwell Banker Real Estate LLC, another of Realogy Corporation's brands. In this new role, Young will be responsible for enhancing the ERA value proposition and the implementation of growth and profitability strategies for its member brokers across a 2800-office network worldwide.

"Charlie is a tremendously talented industry leader who is well-regarded by brokers and has experience in working closely with them on growth and profitability strategies," Brenda W. Casserly, president and chief executive officer of ERA. "In addition to his operational experience, he is a capable and motivating leader whose knowledge will be highly valued by our affiliates."

Young has more than 20 years of experience in business management, field operations, marketing and real estate operations. He joined Coldwell Banker Real Estate LLC in 2004 and spearheaded several innovative programs that served as industry firsts while establishing himself as a recognized industry speaker.

Previously, Young was vice president for then Cendant Mortgage (now PHH Mortgage), working with brokers to implement private-labeled mortgage programs. He has also held executive positions at Frequency Marketing Inc., Foote, Cone & Belding Direct, Bell Atlantic (Verizon) Directory Services, the New Jersey Nets, and he is a 1987 graduate of Emory University.

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 33,000 brokers and sales associates and approximately 2,800 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.


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