"Scott is the epitome of professionalism. He is an expert in marketing luxury properties and has created a reputation of sucess throughout the real estate industry. I am proud to have a representative of Scott's caliber representing Coldwell Banker."

Avram Goldman, Pres., Coldwell Banker

Congratulations on your outstandng performance during the first half of 1997! Among the 13,000 sales associates and 322 offices in Coldwell Banker Residential Brokerage, you are among the top 100 sales associates for Gross Commission Income. In fact, you have been ranked as Number 36.

We are very proud of your accomplishment and want you to know how much we value your effort, determination and commitment. The future of Coldwell Banker Residential Brokerage is based on the strength and success of sales associates such as yourself.

Again, congratulations on your achievement and best wishes for continued success in 1997 and the years ahead.

Robert M. Becker, Pres., National Realty Trust

Congratulations on being named in the Top One Percent of Sales Executives at Coldwell Banker Northern California for 1997 (this includes the Jon Douglas, Del Monte and Cornish & Carey Companies). You are so special. Your accomplishments have been remarkable. The service and professionalism you deliver to your customers is outstanding.

Please accept my congratulations and admiration. I understand the commitment, the late nights, the contract timing and dedication you give to your customers. I am sure they appreciate the results you have performed for them.

You are a role model to many sales executives in Coldwell Banker and to sales executives in our competitor offices as well. We are proud to have you on the Coldwell Banker team.

Congratulations and thank you.

Dennis Moreno, Coldwell Banker

It is with great pleasure that I extend my congratulations to you on your designation as a member of the International President’s Elite for 1997. As you know, President’s Elite is the highest Sales Associate honor within Coldwell Banker Corporation and is presented to the top one percent of Sales Associates across the country.

In recognition of your designation, we have enclosed a President’s Elite certificate of achievement. Additionally, to further help you promote your accomplishment on a local level, we have also enclosed a President’s Elite News Release and logo sheet.

I’d also like to remind you that as a President’s Elite member, you’ll be receiving an invitation to the Elite Retreat which will be held in the summer of 1998. You’ll find that this exciting event is designed especially to appeal to your specific interests and to enhance the skills you have displayed so exceptionally during the past year. I hope you will take advantage of this valuable opportunity to meet with the accomplished Sales Associates who have joined you in this distinguished group.

Again, congratulations on earning the International President’s Elite award designation. We thank you for your hard work and dedication and look forward to your continued success throughout 1998.

Alex Perriello, Coldwell Banker

Please accept my congratulations and admiration on your outstanding performance in the first quarter of 1998! I received a copy of Bob Becker’s letter on your ranking achievement.

It gives me great pleasure to acknowledge your accomplishment in placing 13th among the top 100 sales executives for Gross Commission Income. Your are role model to many sales executives and we are very proud to have you on the Coldwell Banker team.

Congratulations and best wishes for continued success in 1998.

Avram Goldman, Coldwell Banker

It gives me great pleasure to congratulate you as the 1993 Top Producer for the Woodside-Whiskey Hill office of Fox & Carskadon and as a recipient of the prestigious “President’s Gold Award.”

The title of “Top Producer” for the Woodside-Whiskey Hill office is a superb achievement. However, it has special significance in your case given the “disruptions” to your business this year as a result of the acquisition of Grubb & Ellis and the welcome arrival of your daughter. As I mentioned in my remarks the other evening, you obviously did not allow either of these significant events to throw you off track from your consistent path of success.

My compliments to you on your 1993 performance and my sincere thanks for your input and support during the selection process for the management position for the Woodside offices.

Congratulations once more. I am proud to count you among the select group of sales associates to earn the prestigious “President’s Gold Award” of Fox & Carskadon. I’ll look forward to seeing you in the top echelon again for 1994.

Ronald A. Kovas, Pres., Fox & Carskadon

Yesterday, I received the Coldwell Banker Residential Brokerage announcment of award winners on the national level.

It gives me great pleasure to acknowledge your achievement in placing 6th nationally amongst the Top Ten Sales Associates in GCI for 1997. Your accomplishments have been remarkable. The service and professionalism you deliver to your clients is outstanding.

Please accept my congratulations and admiration. I understand the commitment, the late nights, the contract timing and dedication you give to your clients. I am sure they appreciate the results you have performed for them.

You are a role model to many sales executives in Coldwell Banker and to sales executives in our competitor office as well. We are proud to have you on the Coldwell Banker team…Congratulations and thank you.

Dennis Moreno, Coldwell Banker

The Top Fifty Sales Associates List for Northern California for the first half of 1998 has been published and I would like to extend my sincere congratulations to yu on your inclusion on this list in the number 14 position.

I applaud you for your efforts. They clearly confirm your commitment to being a successful real estate professional. This accomplishment certainly identifies the dedication you have to your clients and Coldwell Banker.

May you enjoy continued success throughout your real estate career.

Avram Goldman, Coldwell Banker