July 15, 2014

July 15, 2014

Exhibit 99.2

Disclaimer

1

Information About Forward-Looking Statements

This communication contains forward-looking statements. These forward-looking statements reflect the views of Realogy Holdings Corp.'s

management regarding current expectations and projections about future events and the ability of Realogy Holdings Corp.'s to complete the

transactions

contemplated

by

the

merger

agreement,

including

the

parties’

ability

to

satisfy

the

conditions

to

the

consummation

of

the tender

offer and the other conditions set forth in the merger agreement, and are based on currently available information. These forward-looking

statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict;

therefore, actual results may differ materially from those expressed, implied or forecasted in any such forward-looking statements. Expressions

of future

goals

and

similar

expressions

including,

“may,”

“will,”

“should,”

“could,”

“expects,”

“plans,”

“anticipates,”

“intends,”

“believes,”

“estimates,”

“predicts,”

“potential,”

“targets,”

or

“continue,”

reflecting

something

other

than

historical

fact

are

intended

to

identify

forward-looking

statements. The proposed transaction has not closed, and the following factors, among others, could cause actual results to differ materially

from those described in the forward-looking statements: the possibility that expected benefits and synergies of the transaction may not be

achieved in a timely manner or at all; revenues following the transaction may be lower than expected; disruption from the transaction may

adversely

affect

ZipRealty‘s

relationships

with

its

customers,

business

partners,

employees

or

independent

sales

associates;

the

conditions to

the completion of the transaction may not be satisfied in a timely manner or at all; and the other factors described in Realogy Holdings Corp.'s

most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K filed with the Securities and Exchange Commission. Unless

required

by

law,

Realogy

Holdings

Corp.

undertakes

no

obligation

to

update

publicly

any

forward-looking

statements,

whether

as

a result of

new information, future events or otherwise.

Additional Information

The tender offer described in this communication (the “Offer”) has not yet commenced, and this communication is neither an offer to purchase

nor a solicitation of an offer to sell any shares of the common stock of ZipRealty or any other securities. On the commencement date of the

Offer, a tender offer statement on Schedule TO, including an offer to purchase, a letter of transmittal and related documents, will be filed with

the United States Securities and Exchange Commission (the “SEC”) by Realogy Group LLC and Honeycomb Acquisition, Inc.,  an indirect

wholly-owned subsidiary of Realogy Group LLC, and a Solicitation/Recommendation Statement on Schedule 14D-9 will be filed with the SEC

by ZipRealty. The offer to purchase shares of ZipRealty common stock will only be made pursuant to the offer to purchase, the letter of

transmittal and related documents filed as a part of the Schedule TO. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ

BOTH THE TENDER OFFER STATEMENT AND THE SOLICITATION/RECOMMENDATION STATEMENT REGARDING THE OFFER, AS

THEY MAY BE AMENDED FROM TIME TO TIME, WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT

INFORMATION.

Investors and security holders may obtain a free copy of these statements (when available) and other documents filed with the

SEC at the website maintained by the SEC at www.sec.gov or by directing such requests to the Information Agent for the Offer, which will be

named in the tender offer statement.

Transaction Overview

2

Acquisition of ZipRealty, Inc. (NASDAQ: ZIPR), a multi-market real estate brokerage and

provider of real estate services software solutions

Summary of

Transaction

Key

Benefits

Consideration/

Financial Impact

Timing

Acquisition of established, highly productive technology-based national real estate

broker platform

Leading-edge, scalable, integrated technology platform that will allow affiliated brokers

and sales associates to be more productive and better serve our customers

Reinforces our continued focus on our brands, affiliated sales associates

and their customers

With anticipated synergies and growth, ZipRealty’s owned

brokerage operations could contribute $20 million EBITDA

annually within the next three years

Federal NOLs that could provide up to $21 million present value

Acquiring 100% of the outstanding shares of ZipRealty in an all-cash transaction valued at

approximately $166 million, including funds required to satisfy outstanding, vested

options

Maintain robust balance sheet and strong liquidity, with continued focus on deleveraging

Cash tender offer to launch within five days with the unanimous support of ZipRealty’s

Board of Directors

Expected

to

close

in

the

3

Quarter,

subject

to

the

satisfaction

of

customary

closing

conditions

$mm

Value

Breakdown

Brokerage

$100 - $120

(5x - 6x)

NOLs

$21

Tech Platform

$45 - $25

Purchase Price

$166

rd

ZipRealty Overview

3

Owned and operated

residential brokerage

23 offices with presence in

attractive markets that

complement Realogy’s

footprint

~1,800 connected, high-

performing sales associates

Brokerage Platform

Digital brokerage solution

spanning the entire real

estate transaction lifecycle

Intelligent end-to-end support

for consumers, sales

associates and brokers

Empowers sales associates

and brokerages to most

effectively manage and grow

production

Integrated

Technology Platform

Integrated technology enhances

consumer and agent experience,

leading to improved productivity,

market share and retention

Integrated Technology Platform

4

Software and Web Platform Provides Broker with Comprehensive End-to-End Transaction System

to Drive Customer Satisfaction and Increase Productivity and Retention

Personalized

experience linked

to a local agent

Full web –

mobile

app integration

Complete,

accurate and

timely third party

info

Consumer Tools

Automated

marketing

Algorithmic lead

scoring

Prescriptive follow

up

Intelligent

prospecting

Zap Technology

Fully connected

and transparent

Anticipatory

service

Superior results: 

enhanced

productivity and

retention of top-

producing sales

associates

Sales Associates

Industry-leading

agent and broker

software

End-to-end

visibility of

brokerage

operation

Effective

management of

leads as assets

Brokerage Tools

Mobile App rating: 4.5/5.0 with 2.8 million users

24 million web visitors in 2013 and 680,000 new customer registrations

Leveraging Technology to Enhance the Consumer,

Broker and Agent Experience

5

ZipRealty’s technology platform can be seamlessly integrated to enhance Realogy’s existing

infrastructure, accelerating strategic efforts to facilitate the conversion of web-based leads 

into closed sales

End-to-end technology will allow Realogy’s sales associates and franchisees to be more

productive and efficient, increase recruiting and retention, and better serve our customers

Increases the value proposition of our franchise systems to existing and potential

franchisees, and sales associates

Realogy is already using and seeing the benefits of the technology within some of its brands

Realogy is uniquely situated to take advantage of this technology given the breadth of its

owned operations and franchise brands, with a potential user base of 170,000 U.S.-based

sales associates and ~3,000 franchisees

Brokerage Platform

6

23 offices in attractive major markets

~1,800 sales associates

9,730 closed transactions in 2013

Average home sale price 140% above U.S. median

$2.7 billion in closed 2013 sales volume

Represented majority of ZipRealty’s $76 million of

revenue and $32 million of gross profit for the year

end December 31, 2013

Engaged ZipRealty sales associates 50%+ more

productive than industry median

Key Statistics

Brokerage operation will contribute meaningful

earnings at an attractive valuation

Enhances penetration of markets in which Realogy

has an existing presence

Strong office and shared service synergy

opportunities

Anticipated ~$20 million of EBITDA contribution

annually in the next 3 years

Benefits and Synergies

ZipRealty’s Brokerage Platform Complements Realogy’s Existing Owned and Operated NRT Footprint

ZipRealty’s Owned-Brokerage

Presence

Realogy’s NRT Owned Brokerage

Presence

Offices in overlapping

locations (17) to be

integrated with existing

NRT offices and offices

in new locations (6) will

be operated by NRT

—

Includes revenue opportunities across other

business segments (e.g. TRG, PHHHL JV)

Key Takeaways –

Enhancing the Platform for

Continued Future Growth

7

Acquisition of established, highly productive technology-based national real estate broker

platform

With anticipated synergies and growth, ZipRealty’s owned brokerage operations could contribute

$20 million EBITDA annually within the next three years

Federal NOLs that could provide up to $21 million present value to Realogy

Balance sheet and liquidity remain strong, with continued focus on deleveraging

Reinforces our continued focus on our brands, affiliated franchisees, sales associates and their

customers

Better serving our customers

Enhanced productivity and retention

Scalable technology platform that will enhance sales associates’ experience