April 2007

William P.D. Pierce
Coldwell Banker Residential Real Estate, Inc.
1761 Bell Tower Lane
Weston Fl 33326

Dear William:

Congratulations on achieving a ranking that places you in NRT's top 1,000 sales associates this first quarter of 2007. Given the dynamic challenges presented by recent market conditions, this is a notable achievement indeed!

To put this achievement in perspective, you and your esteemed colleagues represent the top 1.6 percent of performers among our 61,000 sales associates across the country.

Your commitment to excellence and dedication to unparalleled customer service are winning combinations for both you and for NRT. I thank you for that dedication and am honored to work with you as part of the NRT Family.

With professionals like you on our team, our business remains strong and the outlook is always positive. I wish you continued success in the coming year.

Sincerely,