1. Reciprocal Access and Data Sharing Program Property Listing Rules Comparison MLSListings & MetroList

2. MLSListings Inc. Confidential Copyright © 2008 The items compared in this presentation are designed to assist an MLSListings subscriber who wishes to know more about MetroList MLS or a MetroList subscriber who wishes to know more about MLSListings MLS. Only the major listing management rules differences are highlighted, and this presentation is not intended as a comprehensive comparison. For any questions or additional information regarding rules, application of rules or practices or procedures, contact the specific MLS. Disclaimer

3. MLSListings Inc. Confidential Copyright © 2008 Comparisons  Time Limits Time to List or Exclude Time to Change Listing Information Time to Report a Sale Time to Report Cancellation of Pending Sale Time to Provide Documentation Requested by MLS  Property Types  Statuses Active Status Other Statuses  Withholding Sales Price  Lockbox Requirements

4. MLSListings Inc. Confidential Copyright © 2008 Time to List or Exclude MLSListings 72 hours (includes property classes 1-4) MetroList 3 business days (includes all property classes) List or Exclude

5. MLSListings Inc. Confidential Copyright © 2008 Time to Change Listing Information MLSListings Next business day MetroList 3 business days Change Listing Information

6. MLSListings Inc. Confidential Copyright © 2008 Time to Report Sales MLSListings Next business day MetroList 3 business days Report Sales

7. MLSListings Inc. Confidential Copyright © 2008 Time to Report Cancellation of Pending Sales MLSListings Next business day MetroList 3 business days Cancellation of Pending Sales

8. MLSListings Inc. Confidential Copyright © 2008 Time to Provide Documentation Requested by MLS MLSListings 24 Hours MetroList 2 business days Produce Documentation

9. MLSListings Inc. Confidential Copyright © 2008 Property Types  MLSListings Single Family Residential Common Interest Development Multi-Residential Mobile Homes Residential Lots & Land Commercial/Industrial Lots & Land Commercial/Industrial Business Opportunity Commercial/Industrial Rental Residential Rental  MetroList Residential/Common Interest Mobile Home in Park Residential Income Residential/Commercial Land Business Opportunity Commercial/Industrial

10. MLSListings Inc. Confidential Copyright © 2008 Active Status  MLSListings Active  MetroList Active Active with Release Clause Active Short Sale Active Court Approval

11. MLSListings Inc. Confidential Copyright © 2008 Other Statuses  MLSListings Pending Continue to Show with Release Clause Pending Continue to Show Seeking Backups Pending Do Not Show Closed (Sold) Expired Canceled Withdrawn  MetroList Pending Pending Bring Back Up Temp Off Market Sold Expired Pending Expired Dup. Withdrawn Withdrawn Cancelled

12. MLSListings Inc. Confidential Copyright © 2008 Withholding Sales Price MLSListings Allowed on written request of seller or buyer (with fee) MetroList Not allowed Withholding of Sales Price

13. MLSListings Inc. Confidential Copyright © 2008 Lockboxes MLSListings Administered by Member Associations MetroList Administered by MetroList Uses Specific Key - Requires MetroList Cooperating Code Lockboxes

14. MLSListings Inc. Confidential Copyright © 2008 Contact Information  MLSListings 1-800-546-5654 / (408) 874-0200 1-800-546-5654 / (408) 874-0200 Fax (408) 341-8931 Fax (408) 341-8931 350 Oakmead Parkway 2 nd Floor 350 Oakmead Parkway 2 nd Floor Sunnyvale, CA 94085 Sunnyvale, CA 94085  MetroList Services Inc. Toll free (888) 898-9788 Fax (916) 922-1835 1164 West National Drive, Suite 60 1164 West National Drive, Suite 60 Sacramento, CA 95834 Sacramento, CA 95834