ERA Real Estate Signs Master Franchise Agreement to Develop ERA Presence in Brazil
Drawing on Strong Domestic Growth, ERA Exports Momentum Internationally
PARSIPPANY, NJ--(Marketwire - Dec 19, 2011) - ERA Real Estate, a leading global real estate franchisor, today announced the signing of a 25-year master franchise agreement that will expand the brand into Brazil. Joao Range, a real estate professional with extensive commercial and residential experience, and his colleagues at ERA Brasil will develop the ERA Real Estate franchise system throughout the country's 27 states.
"As a pioneer in global real estate franchising dating back to 1981, we are thrilled to continue our international growth by entering a country with such tremendous potential for our brand," said Charlie Young, president and CEO of ERA Franchise Systems LLC. "As the eyes of the world turn to Brazil while it hosts the World Cup in 2014 and the Olympic Games in 2016, ERA Real Estate will enjoy a highly visible, international platform from which to gain invaluable brand exposure."
Brazil is widely regarded as one of the fastest-growing major economies in the world. Economists predict that the country is on pace to become one of the five largest economies in the world in the next several decades. From sparsely populated coastal states in the northeast to the comparatively rich states in the south and south-east, Brazil's real estate potential is significant with ample opportunities for developing multiple lines of business in both developed and emerging territories.
"Coming off of a strong year of growth here in the U.S., this international development reflects ERA Real Estate's unparalleled global reach and appeal," added Young.
ERA Brasil will establish its own operational infrastructure but draw on the highly successful ERA Real Estate tools, programs and platforms to differentiate the company in the marketplace.
The ERA Brasil leadership team includes Paulo Lima, Antonio Rodrigues, Jorge Lage and Manuel Rosa.
About ERA Real Estate
ERA Real Estate is an innovative franchising leader in the residential real estate industry with nearly 40 years experience in developing consumer-oriented products and services. The ERA® network includes approximately 30,000 brokers and sales associates and approximately 2,500 offices throughout the United States and 38 countries and territories. Each office is independently owned and operated. ERA Real Estate is a subsidiary of Realogy Corporation, a global provider of real estate and relocation services. ERA Real Estate information is available at: ERA.com.