Parsippany, NJ, December 29, 1998 - For the first time, Century 21 Real Estate Corporation is opening its CENTURY 21* System Power Conferences to all agents. The conferences are designed to inform participants of what tools, programs and systems are available to CENTURY 21 System members to increase their productivity and profitability, in addition to providing a forum for communication. In the past it has been the responsibility of the brokers to train agents on the tools and systems. Each quarter the CENTURY 21 Franchise and Field Services Department presents the conference at over 100 locations across the United States.

"Power Conferences are an extremely effective way for agents to communicate not only with each other, but with corporate representatives. In addition, it’s also a great opportunity to communicate about brand extensions, marketing programs, training and listing presentations," said Robert Moles, President & CEO of Century 21 Real Estate Corporation. "While some other real estate organizations just talk about service, we are clearly showing our agents that they are a vital and valued part of the success of the CENTURY 21 System. Our dedication to the continued training of our agents sets us apart from the competition and helps to make us the most dynamic system in the industry. We are the only national real estate brand to provide free training to our agents," Moles added.

The regional business conference program augments the highly successful Franchise Services Delivery System that Century 21 Real Estate Corporation introduced last year. The organizational structure of the system is designed to get CENTURY 21 System tools, programs and information into the hands of brokers as quickly as possible, in addition to increasing two-way communication between the franchisee and management.

Century 21 Real Estate Corporation (www.century21.com) is the franchisor of the world’s largest residential real estate sales organization, providing comprehensive training, management, administrative and marketing support for the CENTURY 21* System. The System is comprised of more than 6,300 independently owned and operated franchised broker offices in more than 25 countries and territories worldwide. Century 21 Real Estate Corporation is a subsidiary of Cendant Corporation (NYSE:CD).