Since 1906, the Coldwell Banker organization has been the premier provider

of full-service real estate. In 2003, Franchise Times magazine's prestigious

Top 200 issue ranked the organization number one in real estate and number

eight overall. Additionally, the Coldwell Banker organization has the

highest ranking in customer satisfaction from both first-time homebuyers

and sellers who used national real estate firms, according to the J.D.

Power and Associates 2003 Home Buyer/Seller Satisfaction Study.

The Coldwell Banker system has approximately 3,600 residential and commercial

real estate offices with 113,800 sales associates globally. Each office

is independently owned and operated except for offices owned and operated

in residential real estate, and in niche markets such as resort, new

homes and luxury properties through its Coldwell Banker Previews International

division. It 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 the Coldwell Banker Commercial system is one of the

largest commercial franchise operations with over 400 affiliates offering

clients comprehensive buying, selling, leasing, acquisition, disposition

and management services. Coldwell Banker Real Estate Corporation, is

a subsidiary of Cendant Corporation (NYSE: CD).

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