Homestore (Nasdaq: HOMSE - news) announced today that Richard A. Smith, Chairman and CEO of Cendant Corporation's Real Estate Division, has resigned from Homestore's board of directors.

"We thank Richard for his service to the Homestore Board and look forward to the continued development and growth of Homestore's comprehensive relationship with Cendant's residential real estate franchise operations represented by Coldwell Banker, Century 21 and ERA,'' said Mike Long, Homestore's Chief Executive Officer.

"Cendant's residential real estate licensees view Homestore's web based applications and technology as the best in the marketplace and they place great value on those services as customers of Homestore's broker and agent products,'' Smith stated.

Published: March 5, 2002

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