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

February 23, 2010 // // PARSIPPANY, N.J. -- 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 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 a significant presence in Denver, a key western market. 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 already strong network. Our vision for the future is one of leadership and innovation, and ERA Herman Group Real Estate is a great fit for the ERA brand."

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 transaction 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, and to become part of a network like ERA Real Estate really stokes the fire," said Mr. Herman. "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 shares that vision and is the perfect affiliation for our company."

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.


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