Long & Foster Recognized with Multiple Industry Awards

MIDDLEBURG, VA, March 26, 2011

Long & Foster Real Estate, Inc., the largest independently-held residential real estate company in the United States, was recently recognized with several awards and designations from Leading Real Estate Companies of the World (LeadingRE), a network of the top independent and regional brokerage firms in the residential sector of real estate.

The awards were presented to Long & Foster at the 2011 Leading Real Estate Companies of the World Conference, held March 10 at The Cosmopolitan of Las Vegas. The event attracted more than 800 real estate brokers, managers, and other professionals from across the U.S. and eight countries worldwide.

Long & Foster was recognized by Leading RE in several marketing categories including referral production, letterhead and business cards.

"We are delighted to recognize the member real estate firms that have showcased outstanding marketing, branding and promotional activities," said Robin LaSure, LeadingRE vice president of corporate marketing. "Winning companies have distinguished themselves by providing useful to home buyers and sellers in compelling and memorable ways."

Long & Foster was also recognized with the following awards:

Top 5 for Most Outgoing Closings—recognizing outgoing closed referrals in 2010

2010 Peak Producers Award—presented to the member for sending the highest quantity of outgoing, revenue-generating closings

2010 Peak Producers Platinum Level Award—given to firms that far exceed the network's expectations

Global Alliance Club—recognizing members with the most outgoing closed referrals across country borders

Million Dollar Club—presented to members with the most outgoing closed referrals with a sales price of $1 million or greater

#1 Overall Website Traffic Leader Award—recognizing the member that drives the most traffic from its website to the RELO HomeSearch website

Outstanding Vendor Participation Award—presented to Long & Foster for its outstanding support of Leading Real Estate Solutions partners

"Being recognized for these achievements from among the top real estate companies in the U.S. and around the world is truly meaningful to the Long & Foster team," stated Jeffrey S. Detwiler, president and chief operating officer of The Long & Foster Companies. "The value we derive from being an active part of this powerful network not only makes Long & Foster the brokerage of choice for so many agents, but delivers to our buyers and sellers connections and reach that goes far beyond state and national borders."

About Leading Real Estate Companies of the World

Leading Real Estate Companies of the World, http://www.LeadingRE.com, is the largest network of top independent local and regional brand-name brokerage firms in the residential sector of real estate. The 600 firms affiliated with LeadingRE are represented by 5,000 offices and 150,000 associates in more than 30 countries worldwide. Collectively, LeadingRE affiliates produced nearly one million home sales valued at $250 billion in the U.S. in 2009. In addition, LeadingRE affiliates hold the #1 position in terms of sales or volume in more of the top markets than any other organization.

About Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc. is the largest privately held residential real estate company in the United States. The company is part of The Long & Foster Companies, which also includes Prosperity Mortgage Company; Walker Jackson Mortgage Corporation; Long & Foster Insurance Agency, Inc.; and Long & Foster Settlement Services. Long & Foster Real Estate, Inc. represents more than 12,000 agents in seven Mid-Atlantic states, plus the District of Columbia. The company sold more than $24 billion worth of homes and helped people buy and sell homes more than 72,000 times in 2010. The Long & Foster Companies 2010 combined sales for the year were in excess of $47 billion.