April 2008

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 2008. To put this achievement in perspective, you and your esteemed colleagues represent the top 1.7 percent of performers among NRT's 56,000 sales associates across the country. This accomplishement is particularly impressive given the continuing challenges the market presents.

Your commitment to excellence and dedication to "Truly Remarkable Service" service and winning combinations for both you and for NRT. Indeed, you serve as a role model for not only the company but for the entire industry and we are so fortunate to have you on the NRT team.

I want you to know that I sincerely appreciate the many talkes you share with the company. Congratulations one again and best wishes of continued success.

Sincerely,