Press Release

Weichert Grows in the East With New Franchise Offices in Mass., N.J. and S.C.

3/23/2006

Morris Plains, N.J. Weichert Real Estate Affiliates Inc., the franchise arm of Weichert, Realtors®, continues its expansion up and down the East Coast with the opening of new franchise offices in Auburn, Mass., in Margate City, N.J., and in Mount Pleasant, S.C.

The three new Weichert affiliates are:

·          WEICHERT, REALTORS® Home & Land Partners, Auburn, Mass. Broker Derek Alfama and broker/attorney Lawrence “Larry” Army Jr., Esq., are the owners of Weichert’s first affiliated office in Worcester County, one of the fastest growing counties in the Bay State.

·          WEICHERT, REALTORS® SeaGate, Margate City, N.J. Owner Doreen “Dee” Kraemer, a 20-year veteran with the Weichert Family of Companies, launched this new office serving the N.J. shore area. Lois Chamberlain is broker of record.

·          WEICHERT, REALTORS® Dean-Kelby, Mount Pleasant, S.C. This is the third office for the company, which opened its first affiliated Weichert office in Mount Pleasant in September 2003 and a second location in Charleston in July 2005. President/CEO Bryan Crabtree is broker of record.

Martin J. Rueter, president of Weichert Real Estate Affiliates, welcomed the new affiliates, saying, “We have great expectations for the service enhancements these new alliances will bring to their respective markets.”

The Weichert Family of Companies is one of the nation’s largest privately owned providers of real estate and home ownership services. Home to more than 4,000 sales associates among its franchised sales offices, Weichert Real Estate Affiliates launched its first independently owned and operated franchise in January 2002 and since has grown to more than 200 signed offices in 20 states. It was the only real estate organization to be named in the Top Ten New Franchises 2005 by Entrepreneur Magazine and also was on the magazine’s list of Top 100 Fastest Growing Franchises.

Weichert has more than 17,400 sales associates in nearly 400 company-owned and franchised sales offices in key markets throughout the U.S. A family of full-service real estate and financial services companies, Weichert helps customers buy and sell both residential and commercial real estate, and streamlines the delivery of mortgages and home and title insurance. For more information, call Weichert’s customer service center at 1-800-USA-SOLD or visit Weichert’s Web site, www.weichert.com. Each Weichert franchised office is independently owned and operated.