Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
SILVERMAN HENRY R
   2. Issuer Name and Ticker or Trading Symbol
REALOGY CORP [H] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman and CEO
(Last)
(First)
(Middle)
REALOGY CORPORATION, 1 CAMPUS DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
07/31/2006
(Street)

PARSIPPANY, NJ 07054		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/31/2006   J   2,309,456 A $ 0 2,309,456 (1) D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (2) $ 28.2518 08/01/2006   J   176,936   08/01/2006 04/21/2009 Common Stock 176,936 $ 0 176,936 D  
Employee Stock Options $ 14.8767 08/01/2006   J   213,997   08/01/2006 01/03/2011 Common Stock 213,997 $ 0 213,997 D  
Employee Stock Options $ 31.6104 08/01/2006   J   262,691   08/01/2006 04/30/2007 Common Stock 262,691 $ 0 262,691 D  
Employee Stock Options $ 28.2518 08/01/2006   J   604,930   08/01/2006 04/21/2009 Common Stock 604,930 $ 0 604,930 D  
Employee Stock Options $ 14.8767 08/01/2006   J   619,994   08/01/2006 01/03/2011 Common Stock 619,994 $ 0 619,994 D  
Employee Stock Options $ 14.8767 08/01/2006   J   729,743   08/01/2006 01/03/2011 Common Stock 729,743 $ 0 729,743 D  
Employee Stock Options $ 34.9295 08/01/2006   J   781,867   08/01/2006 01/13/2010 Common Stock 781,867 $ 0 781,867 D  
Employee Stock Options $ 15.5089 08/01/2006   J   989,912   08/01/2006 04/30/2007 Common Stock 989,912 $ 0 989,912 D  
Employee Stock Options $ 31.6104 08/01/2006   J   1,979,824   08/01/2006 12/17/2007 Common Stock 1,979,824 $ 0 1,979,824 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SILVERMAN HENRY R
REALOGY CORPORATION
1 CAMPUS DRIVE
PARSIPPANY, NJ 07054		   X     Chairman and CEO  

Signatures

 /s/ Seth Truwit as attorney-in-fact for Henry R. Silverman   08/03/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Received shares as part of the pro rata distribution of shares of Realogy Corporation by Cendant Corporation to its stockholders (the "Distribution").
(2) All stock options listed in Table II were issued under the Realogy Corporation 2006 Equity and Incentive Plan pursuant to the equitable adjustment of awards made under Cendant Corporation's equity plans in connection with the Distribution. All options listed in Table II are fully exercisable.

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