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Press Releases

For Immediate Release

October 11, 2007

Contact Information

NRT LLC
Melissa Campbell
973-407-5237
melissa.campbell@nrtinc.com
or
NCRC
Jesse Van Tol
202-464-2709
jvantol@ncrc.org

(BW) (NJ-NRT/NCRC) NRT LLC and National Community Reinvestment Coalition Renew Partnership to Promote Fair Housing Practices Nationwide

Union Continues to Stress Theme

( Black PR Wire) WASHINGTON & PARSIPPANY, N.J.--(BUSINESS WIRE)--Oct. 11, 2007--The National Community Reinvestment Coalition (NCRC) and NRT LLC, the nation's largest residential real estate brokerage, today announced an expansion of their strategic alliance to promote best fair housing practices to real estate sales associates and consumers in more than
35 major metropolitan areas where NRT operates. At the core of the agreement is the belief that championing fair housing best practices not only strengthens communities, it also makes good business sense.

The new three-year agreement is an extension of a partnership that began in May 2006. As part of that agreement, NCRC and NRT collaborated to design and roll out fair housing training across NRT's national family of companies, and reviewed and assessed NRT's fair housing policies and practices to reinforce equal professional service to all consumers.

Building on the educational focus of the initial agreement, the new agreement identifies strategies for furthering its goal of equal housing opportunity, including community outreach plans, public information campaigns as well as continuing to incorporate fair housing principles in the company's day-to-day operations.


To date, more than 54,000 of NRT's 59,000 sales associates from approximately 1,000 offices across the country have completed the training, which is now a mandatory component of orientation for newly hired associates. In addition, during the initial agreement, NRT developed a Fair Housing Policies and Practice Manual for sales associates to promote equal and professional service to consumers in all channels of NRT's real estate brokerage business.

"Our new agreement is a partnership in the truest sense of the word," said Judy Reeves, executive vice president and COO for NRT LLC.
"NCRC's long history as an advocate and expert in the area of fair housing, combined with NRT's coast to coast presence in major metropolitan areas, gives us the ability to reach into these areas and underscore important messages. No other partnership within the real estate industry can do that."

"NRT's ongoing commitment to fair housing makes it a best practices leader in the real estate industry," said John Taylor, President and CEO of NCRC. "NRT's collaboration with NCRC in our National Fair Housing Best Practice Campaign significantly reinforces our goal that every home seeker who visits an NRT affiliated office can expect equal professional service and work with a real estate professional who celebrates equal housing opportunity so that they may live in the neighborhood of their choice."

The National Community Reinvestment Coalition is an association of nearly 600 community based institutions that promote access to credit to create and sustain affordable housing and viable communities for America's working families. NCRC established its National Best Practices Campaign to celebrate voluntary compliance initiatives between NCRC and real estate brokerage companies, housing providers, lenders, mortgage insurers, securitizers and appraisers throughout the nation.

About NRT LLC

NRT LLC is the largest residential real estate brokerage company in the United States. With more than 59,000 sales associates in close to 1,000 offices in 35 major metropolitan areas, NRT posted $193 billion in closed sales volume in 2006. NRT, www.nrtinc.com, is part of Realogy Corporation, one of the foremost providers of real estate related services in the world.

About The National Community Reinvestment Coalition

The National Community Reinvestment Coalition is an association of nearly 600 community-based institutions that promote access to capital to create and sustain affordable housing and viable communities for America's working families. Our members include community development corporations, community organizing and civil rights groups, faith-based institutions minority and women-owned business associations, local and state government agencies and social service providers from across the nation. Their work serves primarily low- and moderate-income people and minorities. For additional information about NCRC please visit www.ncrc.org.






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