Coldwell Banker Marks 100 Year Anniversary

COLDWELL BANKER® MARKS 100 YEARS OF COMMERCIAL AND RESIDENTIAL REAL ESTATE SALES

NYSE Bell Ringing Part of Anniversary Celebration

PARSIPPANY, N.J., (Aug. 17, 2006) — It was 100 years ago, on August 27, 1906, that a 23-year-old real estate agent named Colbert Coldwell began what would eventually become Coldwell Banker Real Estate Corporation. Eighteen weeks after an earthquake and fire devastated the city of San Francisco, Coldwell became acutely aware that victims of the devastation were being preyed upon by unethical businesspeople. With Benjamin Banker as his eventual partner, Coldwell helped rebuild San Francisco by attracting businesses and families to the city through the professional, honest real estate transactions they shepherded.

In recognition of the 100th anniversary, Jim Gillespie, president and chief executive officer of Coldwell Banker Real Estate Corporation, and Rick Davidson, president and chief operating officer of Coldwell Banker Commercial Affiliates, Inc., will lead a contingent in ringing the closing bell at the New York Stock Exchange on August 21 at
4 p.m. EDT.

Now, at the company's century mark, the nation's oldest national real estate organization is known as an industry leader and innovator, while still practicing the benchmark for outstanding customer service. The Coldwell Banker^® network has grown from one office in ravaged Northern California to one of the largest real estate franchise organizations and ninth largest franchisor in the world ¹ with $352.9 billion in closed sales volume and more than 127,700 sales associates working in more than 4,000 offices in 30 countries and territories.

"Colbert Coldwell and Benjamin Banker set rigorous standards for business excellence, performance and principles when they founded the company in 1906, and we in the Coldwell Banker system couldn't be more proud to be meeting and exceeding those standards 100 years later," said Davidson.

Gillespie added, "Between our efforts to help families buy and sell homes and put down roots in their communities, as well as our ongoing efforts to raise funds for Habitat for Humanity^®, we continue to uphold our founders' values and help families to achieve the American Dream."

During the course of the anniversary year, the Coldwell Banker system engaged in a "100 Homes" initiative to raise $5 million to support 100 Habitat for Humanity homes around the nation prior to the Coldwell Banker 100th anniversary. The effort has been so successful that more than 130 homes have been committed to date, and more than $6.1 million has been raised. The initiative continues through December 2006.

Then and Now — What a Difference A Century Makes!

When Coldwell and Banker first got started in the real estate business, sitting President Theodore Roosevelt was awarded the Nobel Peace Prize, "S-O-S" was introduced as the international signal of distress, the Chicago White Sox beat the Chicago Cubs in the World Series four games to two, and the world's first feature film, The Story of the Kelly Gang, was released.

Other fun facts from 1906 include:

· The national average price for a three-bedroom home in 1906 was $2,400.

· The most desired additional room and luxury item at the time was a sewing room.

· The cost to "rent a furnished apartment in San Francisco's Nob Hill, including gas range, sink and closets," was $17.50 per month.

· The cost of "two pretty new flats in a select neighborhood, overlooking "Park Panhandle" in San Francisco, cost $6,000.

· A new and modern 4-story with basement office building on bright sunny corner, in a prominent business locality on a lot with over 18,000 square feet was listed by Colbert Colbert in the San Francisco Chronicle for $185,000.

· The average annual income per family in 1906 was $486 per year.

· The price of a new Ford automobile was $750.

· The price of one gallon of gasoline was 28¢.

· One gallon of milk cost 28¢.

¹ Franchise Times

About Coldwell Banker Commercial Affiliates, Inc.

Coldwell Banker Commercial Affiliates, Inc. is one of the leading franchisors of commercial real estate in the country. Coldwell Banker Commercial^® is a registered trademark licensed to Coldwell Banker Real Estate Corporation. Coldwell BankerCommercialis a premier provider of real estate services and is recognized globally as a leader in the commercial real estate industry. Coldwell Banker Commercial affiliates cover territory throughout North America, South America, Europe, Africa, Asia and Australia. Coldwell Banker Commercial provides commercial real estate solutions, serving the needs of owners and occupiers in the leasing, acquisition, disposition, structured finance, and management of all property types. Each office is independently owned and operated. Coldwell Banker Real Estate Corporation is a subsidiary of Realogy Corporation, (NYSE: H), the world's largest real estate franchisor. For additional information on Coldwell Banker Commercial, visit the company's Web site at www.coldwellbankercommercial.com or contact us at (800) 222-2162.

About Coldwell Banker®
Since 1906, the Coldwell Banker® organization has been a premier full-service real estate provider. In 2008, Franchise Times magazine's prestigious Top 200 issue ranked the Coldwell Banker system No. 1 in real estate for the ninth straight year and 12th among franchisors in all industries. The Coldwell Banker System has approximately 3,500 residential real estate offices and approximately 100,000 sales associates in 47 countries and territories. The Coldwell Banker System is a leader in the industry in residential and commercial real estate, and in niche markets such as resort, new home and luxury property through its Coldwell Banker Previews International® division. It is a pioneer in consumer services with its Coldwell Banker Concierge ® Service Program and award-winning Web site, www.coldwellbanker.com. Coldwell Banker Real Estate LLC is a subsidiary of Realogy Corporation, a global provider of real estate and relocation services. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. Each office is independently owned and operated.