Press Room

GMAC REAL ESTATE ADDS 10 NEW FIRMS

Oak Brook, Ill. (Jan. 4, 2008) – GMAC Real Estate announced that 10 real estate firms from across the country have joined the company's national franchise network.

"We are thrilled to add these quality firms to the GMAC Real Estate family," said Jim Toulon, chief operations officer and executive vice president of GMAC Real Estate's Franchise Operations. "All of these companies are highly regarded in their respective markets, and we're very pleased to welcome them to our national franchise network."

Among the new firms is Appleseed Realty GMAC Real Estate, a well-established firm representing the Staten Island, Long Island, Brooklyn and the Queens areas of New York. Appleseed Realty GMAC Real Estate has a long-standing history representing thousands of buyers and sellers throughout New York, dating back to 1977 when Broker/Owner Henry Setaro founded the firm. Today, the company has six locations with more than 150 sales associates.

In addition to Appleseed Realty GMAC Real Estate, new GMAC Real Estate franchisees include:

• Bob Hill Realty GMAC Real Estate, Seneca, S.C.
• Casa Fina Realty GMAC Real Estate, Tampa, Fla.
• Famous GMAC Real Estate, Edgewater, N.J.
• Gold State GMAC Real Estate, Hayward, Calif.
• Greg Garrett GMAC Real Estate, Lubbock, Texas
• Hometown Realty GMAC Real Estate, Celebration, Fla.
• Integrity First GMAC Real Estate, Folsom, Pa.
• Metropolitan Properties GMAC Real Estate, New York, N.Y.
• Riverview GMAC Real Estate, Henrietta, N.Y.

"Our top priority is customer service and now more than ever, clients need to know they have a trusted advisor representing them each step along the way" Toulon said. "We provide superior service daily through our exclusive Premier Service® program."

As part of Premier Service, GMAC Real Estate agents put in writing, up front, what their clients can expect throughout the course of the transaction. Following the transaction, agents ask customers to honestly rate their performance through a survey conducted and tabulated by an independent third-party. Through the Premier Service program, GMAC Real Estate maintains a national 94 percent customer satisfaction rating.

About GMAC Real Estate Franchise Operations
GMAC Real Estate's Franchise Operations, a division of GMAC Home Services LLC, is one of the industry's leading real estate firms with nearly 1,100 offices and 22,000 real estate professionals throughout the United States, Canada, Portugal and Puerto Rico. GMAC Home Services is a business unit of GMAC ResCap (Residential Capital, LLC).

About GMAC ResCap
GMAC ResCap is an indirect wholly owned subsidiary of GMAC Financial Services. GMAC Financial Services is a global, diversified financial services company that operates in approximately 40 countries in automotive finance, real estate finance, insurance and commercial finance businesses. GMAC was established in 1919 and currently employs about 31,000 people worldwide. At Dec. 31, 2006, GMAC held more than $287 billion in assets and earned net income for 2006 of $2.1 billion on net revenue of $18.2 billion. For more information, please go to http://www.gmacfs.com.