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ResortQuest International to Report Third Quarter 2002 Results

Press Release: ResortQuest International
October 23, 2002
MEMPHIS, TN -- ResortQuest International, Inc. (NYSE: RZT), one of the world's leading vacation rental property management company, will release results for the third quarter ending September 30, 2002 on Tuesday, October 29, 2002, before the market opens at 8:30 a.m. ET. Following the release, the Company will review these results on a national conference call at 11 a.m. ET.

To participate on the call, please dial (913) 981-5518, access code 462309. A recording of the call will be available for 7 days by dialing (719) 457-0820 and entering access code 462309. The call will be simultaneously broadcast over the Internet and will be available thereafter at www.resortquest.com

About ResortQuest International

ResortQuest International, the first brand name and "real-time" online booking service (www.resortquest.com / AOL Keyword: ResortQuest) in vacation condominium and home rentals and sales, provides a one-stop resource in over 50 premier resort destinations in the U.S. and Canada. ResortQuest is the world's largest vacation rental property management company based on a portfolio of approximately 20,000 vacation rental properties with a combined real estate value estimated in excess of $7.0 billion.

This news release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause the results of ResortQuest and its consolidated subsidiaries to differ materially from those expressed or implied by such forward looking statements. In addition to the factors discussed above, other factors that could cause actual results to differ materially include the risks associated with successful integration of additional acquired companies factors affecting internal growth and management of growth, ResortQuest's acquisition strategy and the availability of financing, the tour and travel industry, seasonality, quarterly fluctuations and general economic conditions, dependence on technology and travel providers, and other factors discussed from time to time in ResortQuest's Securities and Exchange Commission reports, including its annual report on Form 10-K for the year ended December 31, 2001.

Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and, therefore, there can be no assurance that the forward-looking statements included in this filing will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by ResortQuest or any other person that the objectives and plans of the Company will be achieved.

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Contact: 
     Investor Relations Contacts:
     ResortQuest International
     Mitch Collins / David Selberg
     901/762-0600
      or
     Sloane & Company
     Jenny Lee, 212/446-1892
      or
     Media Contacts:
     Sloane & Company
     Dan O'Connor, 212/446-1865


Source: ResortQuest International