ERA Franchise Systems signs deal to offer real estate services in Israel.PARSIPPANY, N.J.--(BUSINESS WIRE)--Sept. 19, 1996--ERA Franchise Systems Inc., the world's fourth largest residential real estate network, has signed a master franchise agreement with Mituv Real Estate Ltd. for the development of ERA real estate offices in Israel under the name ERA Israel. The reasons for adding Israel to its list of countries in which ERA sells real estate are simple, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Javier Parraga, vice president of international development and services. "With a significant presence in Asia and Europe, ERA was looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. new territory to expand its international presence. With a strong market and economy, the opportunities for ERA in Israel are excellent right now," he said. "ERA will be offering real estate products and services unique to Israeli consumers," said Parraga. ERA will also provide superior training for brokers and agents and advertising and marketing support. According to Mituv Real Estate Ltd. Chief Executive Officer Dror Chevion, ERA Israel plans to have five company-owned real estate offices up and operating quickly in strategically located cities including Jerusalem, Tel Aviv Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest and Haifa. After one year the company will pursue franchisees to open more offices. "We want to concentrate on building a strong foundation to make this a successful venture. Then we'll begin to multiply mul·ti·ply v. 1. To increase the amount, number, or degree of. 2. To breed or propagate. real estate franchises around the country," said Chevion. Long range plans envision a 10 percent share of the market. Chevion and representatives from the Mituv group recently spent two weeks at ERA headquarters in Parsippany to become familiar with ERA products and services. "ERA Israel will offer a wider scope of services for home buyers and sellers with a commitment to customer service not found anywhere else in Israel," Chevion said. "We learned about everything from operating a franchise and managing a brokerage office to recruiting sales agents," he said. ERA Franchise Systems Inc., a subsidiary of HFS (Hierarchical File System) The file system used in the Macintosh. The first version, known as "Mac OS Standard," was introduced in 1985. HFS+, an enhanced version, came out in 1998 in preparation for the upcoming Mac OS X operating system. Inc. (NYSE NYSE See: New York Stock Exchange : HFS), is the recognized leader in the residential real estate brokerage industry in developing consumer-oriented products and services based on innovative technology. The ERA franchise system includes more than 2,500 independently owned and operated brokerage offices with more than 25,000 Member Brokers and Sales Associates throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and 15 other countries. ERA is available to consumers on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at http://www.ERAonline.com. CONTACT: Jennifer Nemeth, 201/560-8911 http://www.c21/realty.com/hfs |
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