NEWS ARCHIVE

13th January 2005 - RE/MAX TO OPEN IN 53RD COUNTRY

International Contact: Cliff Shillington 303-770-5531

(Greenwood Village, Colo., Jan. 12, 2005) – RE/MAX has sold regional franchising rights in the Czech Republic to Prague Top Estates headed by Vojtech Kratky, a specialist in real estate legal relations and trade. Kratky, whose education includes a combination of business and law, is a doctor of laws, worked in the tax and legal department of Deloitte & Touche Tohmatsu and headed a department handling the privatization of residential property in Prague 7 City District. RE/MAX will now operate in 53 countries.

“Vojtech is well-versed in the emerging real estate market of the Czech Republic,” said Cliff Shillington, RE/MAX vice president of international development. “We are fortunate to have him lead the development of RE/MAX and provide quality services to sales associates and their clients.”

The Czech Republic is a parliamentary democracy which gained independence on January 1, 1993 when Czechoslovakia split into the Czech Republic and Slovakia. Located in Central Europe, southeast of Germany, it borders Austria, Germany, Poland and Slovakia. With a population of 10.2 million it is one of the most stable and prosperous of the post-Communist states.

The RE/MAX franchise network is a global real estate system operating in 53 countries. More than 5,300 independently owned offices engage 100,000 member sales associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral, relocation, and asset management. For more information visit www.remax.com