COLDWELL BANKER? Real Estate

Coldwell Banker Real Estate Corporation, a subsidiary of Cendant Corporation (NYSE: CD), has more than 3,500 independently owned and operated residential and commercial real estate offices with over 112,000 Sales Associates globally. The company is an industry leader in residential real estate, and in niche markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International? division. The company is a pioneer in consumer services with its Coldwell Banker Concierge? program and award-winning Web site, www.coldwellbanker.com. Coldwell Banker Mortgage is one of the largest telephone/Web-based lenders in the country and Coldwell Banker Commercial? is one of the largest commercial franchise operations with over 400 affiliates offering clients comprehensive buying, selling, leasing, acquisition, disposition and management services.