Press Room

FROM NEW YORK TO PENNSYLVANIA TO CALIFORNIA, 10 REAL ESTATE FIRMS BECOME FRANCHISEES OF GMAC REAL ESTATE DURING SECOND QUARTER

Oak Brook, Ill., July 12, 2006 - GMAC Real Estate Franchise Operations today announced the addition of 11 more franchisees throughout major American markets.

"As the many other franchisees who have recently joined us did, these new members of our family looked at all of their options, and then chose GMAC Real Estate Franchise Operations on the merits of our Premier Service customer service program and our pledge to be their partner in success," said Lane Barnett, president and chief executive officer of GMAC Real Estate Franchise Operations.

"In every sense of the phrase, we truly consider them our strategic partners, and we're thrilled and extremely proud to welcome each of them to our growing nationwide team."

Premier Service is widely regarded as the most comprehensive and effective customer-service program in the real estate brokerage industry. Through the program, GMAC Real Estate is the only national real estate brokerage company whose sales associates put in writing, up front, the services they will perform. Following each transaction, GMAC Real Estate agents ask their customers to honestly rate their performance through a survey conducted and tabulated by an independent third party. Through Premier Service, the company has received an unprecedented 94 percent customer satisfaction rating.

Following are the 11 strategic partners who recently joined GMAC Real Estate:

• GMAC Real Estate Fine Properties
  Santa Fe, N.M.
• Nelson-Vrooman GMAC Real Estate
  White Plains, N.Y.
• Spanish Trail GMAC Real Estate
  Las Vegas, Nev.
• CCR Realtors GMAC Real Estate
  Lima, Ohio
• GMAC Real Estate Gillespie Realty
  Fredericksburg, Texas
• GMAC Real Estate ServiceMax
  New City, N.Y.
• Luxury Homes GMAC Real Estate
  Boca Raton, Fla.
• Pacific Shore Properties GMAC Real Estate
  Fresno, Calif.
• Preferred Properties GMAC Real Estate
  Waterloo, S.C.
• Ramagli GMAC Real Estate
  Fairless Hills, Pa.
• Spangler Select GMAC Real Estate
  Shrewsbury, Mass.

About GMAC Home Services

GMAC Home Services is one of North America's largest real estate organizations, delivering its unique Premier Service business program to homebuyers and sellers through its four operating companies: GMAC Real Estate Franchised Offices; GMAC Real Estate Company Owned Offices; GHS Mortgage, and GMAC Global Relocation Services. Backed by the resources of industry giant General Motors, the GMAC Home Services network has more than 1,300 franchised and owned residential real estate offices throughout the United States, Canada, Portugal and Puerto Rico.