Utilize the input text as a context reference, choose the right relationship between Realogy and Better Homes and Gardens Real Estate from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

EXPLORE - Strategic Growth Markets: Realogy will host this special session for brokers with speakers from some of its franchise brands, including ERA Real Estate, Better Homes and Gardens Real Estate and Century 21 Real Estate, on trends impacting the real estate industry and strategies that have been implemented successfully.

Answer: subsidiary