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

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 BAREIS MLS or a BAREIS 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  Withholding Sales Price  Multi-Class Listings  Multi-County Listings  Lockbox Requirements

4. MLSListings Inc. Confidential Copyright © 2008 Time to List or Exclude MLSListings 72 hours BAREIS 3 business days

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

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

7. MLSListings Inc. Confidential Copyright © 2008 Time to Report Cancellation of Pending Sales MLSListings Next business day BAREIS Report & reinstate immediately, if listing is still valid

8. MLSListings Inc. Confidential Copyright © 2008 Time to Provide Documentation Requested by MLS MLSListings 24 Hours BAREIS 24 Hours

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  BAREIS Single Family Homes Condominiums /Stock Coops /Tenancies in Common / PUD Modular and Manufactured Homes 2-4 Units (Residential) 5+ Units (Residential) Business Opportunities Lots and Acreage Farms and Ranches Commercial/Industrial Floating and Mobile Homes Rentals

10. MLSListings Inc. Confidential Copyright © 2008 Statuses  MLSListings Active Pending Continue to Show with Release Clause Pending Continue to Show Seeking Backups Pending Do Not Show Closed Expired Canceled Withdrawn  BAREIS Active Contingent – Release Contingent – Show Contingent – Probate Pending Sold Temp off Market Withdraw Cancel Expired Leased/Option Leased/Rented Note: All contingent status listings expire on the expiration date of listing.

11. MLSListings Inc. Confidential Copyright © 2008 Withholding Sales Price MLSListings Allowed on written request of seller or buyer BAREIS Not allowed

12. MLSListings Inc. Confidential Copyright © 2008 Multi-Class Listings MLSListings Allowed except for combination of single family residential and common interest development. BAREIS Only allowed under very restrictive circumstances

13. MLSListings Inc. Confidential Copyright © 2008 Multi-County Listings MLSListings No mention in MLS Rules BAREIS Only allowed under very restrictive circumstances

14. MLSListings Inc. Confidential Copyright © 2008 Lockboxes MLSListings Administrated by Member Associations BAREIS Administrated by BAREIS Uses Specific Key - Requires BAREIS Cooperating Code

15. 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 Sunnyvale, CA 94085 350 Oakmead Parkway 2 nd Floor Sunnyvale, CA 94085  BAREIS - Bay Area Real Estate Information Services (707) 575-8000 / 1-800- 776-5252 (CA only) FAX (707) 577-0140 153 Stony Circle, Suite 200, Santa Rosa, CA 95401 153 Stony Circle, Suite 200, Santa Rosa, CA 95401