1. The Year in Review 2006

2. The Year in Review Growth 2005 - 170 Agents 2006 - nearly 200 18% increase 2005 to 2006 Gross Sales Volume 38% increase 2005 to 2006 Average Sales Price 6% decrease

3. The Year in Review New Systems www.windermerelasvegas.com - Open House website Enhanced WORC site Premier Properties Nevada Education Windermere University Schedules Windermere University Curriculum Windermere Real Estate Master Calendar Docs.windermere.com New Windermere University Associates Program Bachelors Program Masters Program VHT Photography alliance with Custom Xpress

4. The Year in Review Community Windermere Kids at the Y Windermere Wednesday Leukemia Cup Regatta presented by Windermere Real Estate Community Service Day assisting 2 at-risk elementary schools Quannah McCall Elementary Whitney Elementary

5. The Year in Review New Marketing Office One Sheets on Custom Xpress Anthem Hills Prestige Properties Summerlin Premier Properties Marketing Schedule on WORC site Windermere University Tri-fold syllabus’ for your information on WORC site Luxury Homes Market Recap coming in February, 2007 Quarterly Premier Properties Postcard Windermere Presents Lifestyles of Las Vegas

6. The Year in Review Summary Anthem Hills office expanded twice Added two property management divisions Anthem Hills Summerlin Several new offices scheduled to go online during 2007