Weichert Realtors Press Release

MORRIS PLAINS, N.J. -- The Weichert® Family of Companies turned in record-shattering results for 2004.

James M. Weichert, president and founder, announced that total company dollar volume soared to an all-time high of $61.5 billion, far surpassing the record $52.1 billion posted just a year earlier.

Noting that robust demand propelled home sales in all the company’s key markets, Weichert attributed the company’s substantial dollar-volume increase to the public’s desire for responsive, personal service coupled with the one-stop shopping advantages that the Weichert Family of Companies provides as a leader in full-service real estate.

“Our singular focus is on our customers, “ he said, “and how we can make their home buying or home selling experience easier, less stressful, and ultimately more successful.”

Along with the historic dollar volume, Weichert companies expanded services, added offices, and posted other significant achievements in 2004, including:

• Welcoming more than 1.1 million prospective buyers to Weichert open houses, a new company record

• Receiving the Inman Innovation Award for “Most Innovative Real Estate Technology,” recognizing the company’s pioneering use of technology to respond immediately to customer inquiries

• Expanding its home financing offerings to nearly 370 different mortgage products and adding to the company’s other time-saving services, which include insurance, moving, home connections, and many others

• Outranking other major relocation companies for customer satisfaction in an independent survey of relocated corporate employees

• Continuing to expand through franchising, with Entrepreneur magazine ranking Weichert Real Estate Affiliates, Inc., as one of the “Top 10” new franchises started up within the past five years as well as one of the fastest growing.

Weichert, based in Morris Plains, N.J., has more than 14,300 sales associates in nearly 320 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.