RE/MAX International and RE/MAX of New York, Inc. franchise sales ahead of pace at mid-year.

Franchise sales for global real estate franchiser, RE/MAX International and its New York affiliate RE/MAX of New York, Inc. are ahead of projections for 2006. Both organizations have experienced record growth during the first half year of sales. RE/MAX International sales figures were 1.8 percent stronger than the same time period in 2005 according to statistics analyzed at the end of June. RE/MAX of New York, Inc. is also experiencing significant growth with franchise sales figures at 40 percent greater than for the same period last year.

A total of 451 new franchises were sold by mid-year compared to 443 for 2005 setting a new record for first half of the year sales. RE/MAX of New York, Inc. was one of the leading regions with 23 franchises sold. Other areas of the United States showed strong growth, including the Carolinas with 21 completed sales, Texas 18, California/Hawaii 17 and the Central Atlantic region 23.

“RE/MAX of New York, Inc. has experienced sales growth above what we projected for the first half of 2006. We are rapidly expanding in existing markets and entering many new areas across the state. This year we have seen strong growth on Long Island and in New York City. New York City is a market with great potential for us, and we are looking to open many locations in this market in the coming months.”

“RE/MAX is the home of the industry’s most experienced agents, and as we open new offices these professionals are seeking us out to become part of our network. Our agent growth is also very strong, and we will surpass 2000 professionals in the next few months,” said Henry Weber, President and Regional Director of RE/MAX of NEW York, Inc.

RE/MAX of New York, Inc. is a leader in the sale of residential and commercial real estate in New York State. RE/MAX of New York, Inc. has a sales force of more than 1,900 agents and 135 offices throughout New York. RE/MAX agents in New York generated over $12.9 billion in sales since 2003 and completed more than 90,000 transactions. For more information, visit www.remax-newyork.com on the Internet.

The RE/MAX franchise network is a global real estate system with more than 6,522 independently owned offices engaging 119,500 member sales associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral, relocation, and asset management. Local community involvement is important to RE/MAX members who participate in thousands of local charitable causes and have raised more than $66 million for Children’s Miracle Network. RE/MAX is also a major sponsor of the Komen Race for the Cure Survivor Program. For more information visit www.remax.com.

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