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 <div v:shape=3D"_x0000_s3074" class=3DT style=3D'position:absolute;top:14.=
0%;
 left:13.67%;width:83.33%;height:10.0%'>A New Age Dawning</div>
 <div v:shape=3D"_x0000_s3075" class=3DB>
 <div style=3D'position:absolute;top:30.0%;left:13.85%;width:83.14%;height:=
7.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'visibility:hidden'><span class=3DBB style=3D'position:absolute;le=
ft:-4.71%'>n</span></span>&#13;</span></div>
 <div style=3D'position:absolute;top:38.5%;left:13.85%;width:83.14%;height:=
7.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 class=3DBB style=3D'position:absolute;left:-4.71%;top:.61em'>n</span>Good =
News
 &#8211; Bad News&#13;</span></div>
 <div style=3D'position:absolute;top:47.0%;left:13.85%;width:83.14%;height:=
7.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'visibility:hidden'><span class=3DBB style=3D'position:absolute;le=
ft:-4.71%'>n</span></span>&#13;</span></div>
 <div style=3D'position:absolute;top:55.5%;left:13.85%;width:83.14%;height:=
7.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 class=3DBB style=3D'position:absolute;left:-4.71%;top:.61em'>n</span>&#822=
0;Change
 will be evolutionary&#8221;&#13;</span></div>
 <div style=3D'position:absolute;top:64.0%;left:13.85%;width:83.14%;height:=
7.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'visibility:hidden'><span class=3DBB style=3D'position:absolute;le=
ft:-4.71%'>n</span></span>&#13;</span></div>
 <div style=3D'position:absolute;top:72.75%;left:13.85%;width:83.14%;height=
:7.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 class=3DBB style=3D'position:absolute;left:-4.71%;top:.61em'>n</span>Good =
-<span
 style=3D'mso-spacerun:yes'>&nbsp; </span>there is time to adapt&#13;</span=
></div>
 <div style=3D'position:absolute;top:81.25%;left:13.85%;width:91.01%;height=
:7.5%'><span
 style=3D'position:absolute;top:0%;left:4.11%;width:95.88%;height:100.0%'><=
span
 class=3DBB style=3D'position:absolute;left:-4.29%;top:.61em'>n</span>Bad &=
#8211;
 there is no pressure to change</span></div>
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0%;
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 <div style=3D'mso-line-spacing:"90 20 0";position:absolute;top:29.5%;left:=
13.85%;
 width:83.14%;height:7.5%'><span style=3D'position:absolute;top:0%;left:4.5=
%;
 width:95.49%;height:100.0%'><span style=3D'visibility:hidden'><span
 style=3D'mso-special-format:bullet;color:#3333CC;mso-color-index:7;positio=
n:
 absolute;left:-4.71%;font-family:Wingdings;font-size:60%'>n</span></span>&=
#13;</span></div>
 <div style=3D'mso-line-spacing:"90 20 0"'><span style=3D'position:absolute;
 top:37.25%;left:17.6%;width:92.69%;height:7.5%'><span style=3D'mso-special=
-format:
 bullet;color:#3333CC;mso-color-index:7;position:absolute;left:-4.04%;
 top:.61em;font-family:Wingdings;font-size:60%'>n</span>The change brought =
on
 by the Internet </span><span style=3D'position:absolute;top:43.75%;left:17=
.6%;
 width:79.4%;height:7.5%'>is only part of the story&#13;</span></div>
 <div style=3D'mso-line-spacing:"90 20 0";position:absolute;top:51.5%;left:=
13.85%;
 width:83.14%;height:7.5%'><span style=3D'position:absolute;top:0%;left:4.5=
%;
 width:95.49%;height:100.0%'><span style=3D'visibility:hidden'><span
 style=3D'mso-special-format:bullet;color:#3333CC;mso-color-index:7;positio=
n:
 absolute;left:-4.71%;font-family:Wingdings;font-size:60%'>n</span></span>&=
#13;</span></div>
 <div style=3D'mso-line-spacing:"90 20 0"'><span style=3D'position:absolute;
 top:59.25%;left:17.6%;width:85.01%;height:7.5%'><span style=3D'mso-special=
-format:
 bullet;color:#3333CC;mso-color-index:7;position:absolute;left:-4.4%;
 top:.61em;font-family:Wingdings;font-size:60%'>n</span>The change in consu=
mer
 preference </span><span style=3D'position:absolute;top:65.75%;left:17.6%;
 width:95.31%;height:7.5%'>and habit is the real story.<span
 style=3D'mso-spacerun:yes'>&nbsp; </span>The Internet </span><span
 style=3D'position:absolute;top:72.0%;left:17.6%;width:94.56%;height:7.5%'>=
is
 just a means by which consumers will </span><span style=3D'position:absolu=
te;
 top:78.5%;left:17.6%;width:79.4%;height:7.5%'>rearrange our business.</spa=
n></div>
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0%;
 left:13.67%;width:83.33%;height:10.0%'>The Housing Consumer</div>
 <div v:shape=3D"_x0000_s5123" class=3DB>
 <div style=3D'position:absolute;top:30.0%;left:13.85%;width:83.14%;height:=
7.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'visibility:hidden'><span class=3DBB style=3D'position:absolute;le=
ft:-4.71%'>n</span></span>&#13;</span></div>
 <span style=3D'position:absolute;top:38.5%;left:17.6%;width:94.56%;height:=
7.5%'><span
 class=3DBB style=3D'position:absolute;left:-3.96%;top:.61em'>n</span>Accor=
ding to
 the 2005 Harris Interactive </span><span style=3D'position:absolute;top:45=
.75%;
 left:17.6%;width:85.01%;height:7.5%'>Study, consumers have shifted their <=
/span><span
 style=3D'position:absolute;top:52.75%;left:17.6%;width:82.95%;height:7.5%'=
>preference
 for selling services from </span><span style=3D'position:absolute;top:60.0=
%;
 left:17.6%;width:87.64%;height:7.5%'>traditional full price full service to
 full </span><span style=3D'position:absolute;top:67.0%;left:17.6%;width:80=
.14%;
 height:7.5%'>service at some other, lower price </span><span style=3D'posi=
tion:
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  href=3D"master04.xml#_x0000_s29704"/><![if !vml]><img border=3D0
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 <div v:shape=3D"_x0000_s6146" class=3DT style=3D'position:absolute;top:14.=
0%;
 left:13.67%;width:83.33%;height:10.0%'>The Housing Consumer</div>
 <div v:shape=3D"_x0000_s6147" class=3DB>
 <div style=3D'position:absolute;top:30.0%;left:13.85%;width:83.14%;height:=
7.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'visibility:hidden'><span class=3DBB style=3D'position:absolute;le=
ft:-4.71%'>n</span></span>&#13;</span></div>
 <span style=3D'position:absolute;top:38.5%;left:17.6%;width:93.25%;height:=
7.5%'><span
 class=3DBB style=3D'position:absolute;left:-4.01%;top:.61em'>n</span>It is=
 not for
 sale by owner that they are </span><span style=3D'position:absolute;top:45=
.75%;
 left:17.6%;width:93.44%;height:7.5%'>shifting to, it &#8220;full
 service&#8221; at a different </span><span style=3D'position:absolute;
 top:52.75%;left:17.6%;width:79.4%;height:7.5%'>and often lower price.&#13;=
</span>
 <div style=3D'position:absolute;top:61.25%;left:13.85%;width:83.14%;height=
:7.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'visibility:hidden'><span class=3DBB style=3D'position:absolute;le=
ft:-4.71%'>n</span></span>&#13;</span></div>
 <span style=3D'position:absolute;top:69.75%;left:17.6%;width:83.7%;height:=
7.5%'><span
 class=3DBB style=3D'position:absolute;left:-4.47%;top:.61em'>n</span>There=
 are
 several reasons for these </span><span style=3D'position:absolute;top:77.0=
%;
 left:17.6%;width:79.4%;height:7.5%'>shifts</span></div>
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  href=3D"master04.xml#_x0000_s29708"/><![endif]><p:shaperange
  href=3D"master04.xml#_x0000_m29705"/><v:shape id=3D"_x0000_s7170" type=3D=
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  href=3D"master04.xml#_x0000_m29706"/><v:shape id=3D"_x0000_s7171" type=3D=
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  style=3D'position:absolute;left:93.125pt;top:158.875pt;width:612pt;height=
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 <div v:shape=3D"_x0000_s7170" class=3DT style=3D'position:absolute;top:14.=
0%;
 left:13.67%;width:83.33%;height:10.0%'>The Housing Consumer</div>
 <div v:shape=3D"_x0000_s7171" class=3DB>
 <div style=3D'position:absolute;top:30.0%;left:13.85%;width:83.14%;height:=
7.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'visibility:hidden'><span class=3DBB style=3D'position:absolute;le=
ft:-4.71%'>n</span></span>&#13;</span></div>
 <span style=3D'position:absolute;top:38.5%;left:17.6%;width:85.01%;height:=
7.5%'><span
 class=3DBB style=3D'position:absolute;left:-4.4%;top:.61em'>n</span>Compet=
ition
 among sales associates </span><span style=3D'position:absolute;top:45.75%;
 left:17.6%;width:79.4%;height:7.5%'>during a time of fewer listings&#13;</=
span>
 <div style=3D'position:absolute;top:54.25%;left:13.85%;width:83.14%;height=
:7.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'visibility:hidden'><span class=3DBB style=3D'position:absolute;le=
ft:-4.71%'>n</span></span>&#13;</span></div>
 <span style=3D'position:absolute;top:62.74%;left:17.6%;width:79.4%;height:=
7.5%'><span
 class=3DBB style=3D'position:absolute;left:-4.71%;top:.61em'>n</span>Avail=
ability
 of alternative service </span><span style=3D'position:absolute;top:69.75%;
 left:17.6%;width:79.4%;height:7.5%'>providers and their growth</span></div>
</p:slide></div>

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  href=3D"master04.xml#_x0000_s29704"/><![if !vml]><img border=3D0
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  href=3D"master04.xml#_x0000_s29707"/><p:shaperange
  href=3D"master04.xml#_x0000_s29708"/><![endif]><p:shaperange
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  style=3D'position:absolute;left:90.625pt;top:16.875pt;width:613.625pt;hei=
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  <v:fill o:detectmouseclick=3D"f"/>
  <v:stroke o:forcedash=3D"f"/>
  <o:lock v:ext=3D"edit" text=3D"f"/>
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  href=3D"master04.xml#_x0000_m29706"/><v:shape id=3D"_x0000_s8195" type=3D=
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  style=3D'position:absolute;left:93.125pt;top:158.875pt;width:612pt;height=
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 <div v:shape=3D"_x0000_s8194" class=3DT style=3D'position:absolute;top:14.=
0%;
 left:13.67%;width:83.33%;height:10.0%'>The Housing Consumer</div>
 <div v:shape=3D"_x0000_s8195" class=3DB>
 <div style=3D'mso-line-spacing:"90 20 0";position:absolute;top:29.5%;left:=
13.85%;
 width:83.14%;height:7.5%'><span style=3D'position:absolute;top:0%;left:4.5=
%;
 width:95.49%;height:100.0%'><span style=3D'visibility:hidden'><span
 style=3D'mso-special-format:bullet;color:#3333CC;mso-color-index:7;positio=
n:
 absolute;left:-4.71%;font-family:Wingdings;font-size:60%'>n</span></span>&=
#13;</span></div>
 <div style=3D'mso-line-spacing:"90 20 0"'><span style=3D'position:absolute;
 top:37.25%;left:17.6%;width:88.76%;height:7.5%'><span style=3D'mso-special=
-format:
 bullet;color:#3333CC;mso-color-index:7;position:absolute;left:-4.21%;
 top:.61em;font-family:Wingdings;font-size:60%'>n</span>Whereas the average
 home ten years </span><span style=3D'position:absolute;top:43.75%;left:17.=
6%;
 width:94.56%;height:7.5%'>ago was in the hundred thousand range </span><sp=
an
 style=3D'position:absolute;top:50.0%;left:17.6%;width:86.89%;height:7.5%'>=
now it
 is very common to see homes </span><span style=3D'position:absolute;top:56=
.49%;
 left:17.6%;width:94.56%;height:7.5%'>above $300,000 and much, much more.&#=
13;</span></div>
 <div style=3D'mso-line-spacing:"90 20 0";position:absolute;top:64.25%;
 left:13.85%;width:83.14%;height:7.5%'><span style=3D'position:absolute;
 top:0%;left:4.5%;width:95.49%;height:100.0%'><span style=3D'visibility:hid=
den'><span
 style=3D'mso-special-format:bullet;color:#3333CC;mso-color-index:7;positio=
n:
 absolute;left:-4.71%;font-family:Wingdings;font-size:60%'>n</span></span>&=
#13;</span></div>
 <div style=3D'mso-line-spacing:"90 20 0"'><span style=3D'position:absolute;
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format:
 bullet;color:#3333CC;mso-color-index:7;position:absolute;left:-4.36%;
 top:.61em;font-family:Wingdings;font-size:60%'>n</span>A growing percent of
 consumers are </span><span style=3D'position:absolute;top:78.5%;left:17.6%;
 width:79.4%;height:7.5%'>price sensitive</span></div>
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pan
 style=3D'visibility:hidden'><span class=3DBB style=3D'position:absolute;le=
ft:-4.71%'>n</span></span>&#13;</span></div>
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7.5%'><span
 class=3DBB style=3D'position:absolute;left:-4.1%;top:.61em'>n</span>Inform=
ation
 about how consumers can </span><span style=3D'position:absolute;top:45.75%;
 left:17.6%;width:79.4%;height:7.5%'>use the Internet and alternative </spa=
n><span
 style=3D'position:absolute;top:52.75%;left:17.6%;width:90.26%;height:7.5%'=
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 to<span style=3D'mso-spacerun:yes'>&nbsp; </span>save money is much more <=
/span><span
 style=3D'position:absolute;top:60.0%;left:17.6%;width:79.4%;height:7.5%'>p=
revalent
 than ever before.</span></div>
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.0%;
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 <div style=3D'position:absolute;top:30.0%;left:13.85%;width:83.14%;height:=
7.5%'><span
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pan
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ft:-4.71%'>n</span></span>&#13;</span></div>
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7.5%'><span
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e 2003
 Harris/Murray study and </span><span style=3D'position:absolute;top:45.75%;
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pan><span
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>indicated
 a desire for greater levels of </span><span style=3D'position:absolute;
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 involved, </span><span style=3D'position:absolute;top:67.0%;left:17.6%;
 width:93.44%;height:7.5%'>wanted access to more information and </span><sp=
an
 style=3D'position:absolute;top:74.0%;left:17.6%;width:88.76%;height:7.5%'>=
wanted
 a simplified housing purchase </span><span style=3D'position:absolute;
 top:81.25%;left:17.6%;width:79.4%;height:7.5%'>process.</span></div>
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  href=3D"master04.xml#_x0000_s29707"/><p:shaperange
  href=3D"master04.xml#_x0000_s29708"/><![endif]><p:shaperange
  href=3D"master04.xml#_x0000_m29705"/><v:shape id=3D"_x0000_s11266" type=
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.0%;
 left:13.67%;width:83.33%;height:10.0%'>The Housing Consumer</div>
 <div v:shape=3D"_x0000_s11267" class=3DB>
 <div style=3D'mso-line-spacing:"90 20 0";position:absolute;top:29.5%;left:=
13.85%;
 width:83.14%;height:6.5%'><span style=3D'position:absolute;top:0%;left:4.5=
%;
 width:95.49%;height:100.0%'><span style=3D'font-size:88%;visibility:hidden=
'><span
 style=3D'mso-special-format:bullet;color:#3333CC;mso-color-index:7;positio=
n:
 absolute;left:-4.71%;font-family:Wingdings;font-size:60%'>n</span></span><=
span
 style=3D'font-size:88%;display:none'>&#13;</span></span></div>
 <div style=3D'mso-line-spacing:"90 20 0"'><span style=3D'position:absolute;
 top:36.5%;left:17.6%;width:84.83%;height:6.5%'><span style=3D'font-size:88=
%'><span
 style=3D'mso-special-format:bullet;color:#3333CC;mso-color-index:7;positio=
n:
 absolute;left:-4.41%;top:.61em;font-family:Wingdings;font-size:60%'>n</spa=
n></span><span
 style=3D'font-size:88%'>There has been a measurable shift in the </span></=
span><span
 style=3D'position:absolute;top:42.0%;left:17.6%;width:82.02%;height:6.5%'>=
<span
 style=3D'font-size:88%'>cultural attributes of buyers and sellers.&#13;</s=
pan></span></div>
 <div style=3D'mso-line-spacing:"90 20 0";position:absolute;top:48.75%;
 left:13.85%;width:83.14%;height:6.5%'><span style=3D'position:absolute;
 top:0%;left:4.5%;width:95.49%;height:100.0%'><span style=3D'font-size:88%;
 visibility:hidden'><span style=3D'mso-special-format:bullet;color:#3333CC;
 mso-color-index:7;position:absolute;left:-4.71%;font-family:Wingdings;
 font-size:60%'>n</span></span><span style=3D'font-size:88%;display:none'>&=
#13;</span></span></div>
 <div style=3D'mso-line-spacing:"90 20 0";position:absolute;top:55.75%;
 left:13.85%;width:83.14%;height:6.5%'><span style=3D'position:absolute;
 top:0%;left:4.5%;width:95.49%;height:100.0%'><span style=3D'font-size:88%'=
><span
 style=3D'mso-special-format:bullet;color:#3333CC;mso-color-index:7;positio=
n:
 absolute;left:-4.71%;top:.61em;font-family:Wingdings;font-size:60%'>n</spa=
n></span><span
 style=3D'font-size:88%'>More minorities&#13;</span></span></div>
 <div style=3D'mso-line-spacing:"90 20 0";position:absolute;top:62.5%;left:=
13.85%;
 width:83.14%;height:6.5%'><span style=3D'position:absolute;top:0%;left:4.5=
%;
 width:95.49%;height:100.0%'><span style=3D'font-size:88%'><span
 style=3D'mso-special-format:bullet;color:#3333CC;mso-color-index:7;positio=
n:
 absolute;left:-4.71%;top:.61em;font-family:Wingdings;font-size:60%'>n</spa=
n></span><span
 style=3D'font-size:88%'>More investors&#13;</span></span></div>
 <div style=3D'mso-line-spacing:"90 20 0";position:absolute;top:69.5%;left:=
13.85%;
 width:83.14%;height:6.5%'><span style=3D'position:absolute;top:0%;left:4.5=
%;
 width:95.49%;height:100.0%'><span style=3D'font-size:88%'><span
 style=3D'mso-special-format:bullet;color:#3333CC;mso-color-index:7;positio=
n:
 absolute;left:-4.71%;top:.61em;font-family:Wingdings;font-size:60%'>n</spa=
n></span><span
 style=3D'font-size:88%'>More second home purchases&#13;</span></span></div>
 <div style=3D'mso-line-spacing:"90 20 0"'><span style=3D'position:absolute;
 top:76.25%;left:17.6%;width:89.32%;height:6.5%'><span style=3D'font-size:8=
8%'><span
 style=3D'mso-special-format:bullet;color:#3333CC;mso-color-index:7;positio=
n:
 absolute;left:-4.19%;top:.61em;font-family:Wingdings;font-size:60%'>n</spa=
n></span><span
 style=3D'font-size:88%'>Younger buyers have different views of our </span>=
</span><span
 style=3D'position:absolute;top:82.0%;left:17.6%;width:86.32%;height:6.5%'>=
<span
 style=3D'font-size:88%'>industry than their parents (the Boomers)</span></=
span></div>
 </div>
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.0%;
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 top:30.0%;left:17.6%;width:92.13%;height:6.5%'><span style=3D'font-size:88=
%'><span
 class=3DBB style=3D'position:absolute;left:-4.06%;top:.61em'>n</span></spa=
n><span
 style=3D'font-size:88%'>In a 2004 study entitled &#8220;From Homogeneity <=
/span></span><span
 style=3D'position:absolute;top:36.25%;left:17.6%;width:89.51%;height:6.5%'=
><span
 style=3D'font-size:88%'>to Segmentation&#8221; prepared for the National <=
/span></span><span
 style=3D'position:absolute;top:42.5%;left:17.6%;width:81.64%;height:6.5%'>=
<span
 style=3D'font-size:88%'>Association of Realtors we said that the </span></=
span><span
 style=3D'position:absolute;top:48.75%;left:17.6%;width:81.46%;height:6.5%'=
><span
 style=3D'font-size:88%'>change from homogenous industry to a </span></span=
><span
 style=3D'position:absolute;top:55.0%;left:17.6%;width:79.4%;height:6.5%'><=
span
 style=3D'font-size:88%'>segmented industry was a foregone </span></span><s=
pan
 style=3D'position:absolute;top:61.25%;left:17.6%;width:79.4%;height:6.5%'>=
<span
 style=3D'font-size:88%'>conclusion.&#13;</span></span>
 <div style=3D'position:absolute;top:68.75%;left:13.85%;width:83.14%;height=
:6.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'font-size:88%;visibility:hidden'><span class=3DBB style=3D'positi=
on:absolute;
 left:-4.71%'>n</span></span><span style=3D'font-size:88%;display:none'>&#1=
3;</span></span></div>
 <div style=3D'position:absolute;top:76.25%;left:13.85%;width:95.31%;height=
:6.5%'><span
 style=3D'position:absolute;top:0%;left:3.92%;width:96.07%;height:100.0%'><=
span
 style=3D'font-size:88%'><span class=3DBB style=3D'position:absolute;left:-=
4.08%;
 top:.61em'>n</span></span><span style=3D'font-size:88%'>It will be more cl=
ear
 each year that goes by.<span style=3D'mso-spacerun:yes'>&nbsp; </span>&#13=
;</span></span></div>
 <div style=3D'position:absolute;top:83.75%;left:13.85%;width:83.14%;height=
:6.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'font-size:88%;visibility:hidden'><span class=3DBB style=3D'positi=
on:absolute;
 left:-4.71%'>n</span></span><span style=3D'font-size:88%;mso-special-forma=
t:
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 <div v:shape=3D"_x0000_s13314" class=3DT style=3D'position:absolute;top:14=
.0%;
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 <div style=3D'position:absolute;top:30.0%;left:13.85%;width:83.14%;height:=
7.5%'><span
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ft:-4.71%'>n</span></span>&#13;</span></div>
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n><span
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0.0%;
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n><span
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referring
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nbsp;
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ers
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he
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an
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bodied
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0%;
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ack up
 their service promise.</span></div>
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  href=3D"master04.xml#_x0000_s29703"/><![if !vml]><img border=3D0
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  href=3D"master04.xml#_x0000_s29704"/><![if !vml]><img border=3D0
 v:shapes=3D"_x0000_s29704" src=3D"master04_image005.gif" style=3D'position=
:absolute;
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  href=3D"master04.xml#_x0000_s29707"/><p:shaperange
  href=3D"master04.xml#_x0000_s29708"/><![endif]><p:shaperange
  href=3D"master04.xml#_x0000_m29705"/><v:shape id=3D"_x0000_s17410" type=
=3D"#_x0000_m29705"
  style=3D'position:absolute;left:90.625pt;top:16.875pt;width:613.625pt;hei=
ght:115.125pt'
  o:userdrawn=3D"f">
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  href=3D"master04.xml#_x0000_m29706"/><v:shape id=3D"_x0000_s17411" type=
=3D"#_x0000_m29706"
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 <div v:shape=3D"_x0000_s17411" class=3DB>
 <div style=3D'position:absolute;top:30.0%;left:13.85%;width:83.14%;height:=
6.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'font-size:88%;visibility:hidden'><span class=3DBB style=3D'positi=
on:absolute;
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3;</span></span></div>
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6.5%'><span
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4.25%;
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t end
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5%;
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 offerings together with mortgage and </span></span><span style=3D'position=
:absolute;
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%'>settlement
 services to create seamless </span></span><span style=3D'position:absolute;
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%'>packages
 with service guarantees.&#13;</span></span>
 <div style=3D'position:absolute;top:63.74%;left:13.85%;width:83.14%;height=
:6.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'font-size:88%;visibility:hidden'><span class=3DBB style=3D'positi=
on:absolute;
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3;</span></span></div>
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span
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4.0%;
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 waiting for the regulators.</span></span></div>
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  style=3D'position:absolute;left:90.625pt;top:16.875pt;width:613.625pt;hei=
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.0%;
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 <div style=3D'position:absolute;top:30.0%;left:13.85%;width:83.14%;height:=
7.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'visibility:hidden'><span class=3DBB style=3D'position:absolute;le=
ft:-4.71%'>n</span></span>&#13;</span></div>
 <span style=3D'position:absolute;top:38.5%;left:17.6%;width:85.58%;height:=
7.5%'><span
 class=3DBB style=3D'position:absolute;left:-4.37%;top:.61em'>n</span>The e=
ntire
 nature of the relationship </span><span style=3D'position:absolute;top:45.=
75%;
 left:17.6%;width:82.39%;height:7.5%'>between realty firms that integrate <=
/span><span
 style=3D'position:absolute;top:52.75%;left:17.6%;width:88.01%;height:7.5%'=
>these
 offerings, their peer companies </span><span style=3D'position:absolute;
 top:60.0%;left:17.6%;width:79.4%;height:7.5%'>and the Realtor&reg; associa=
tion
 will </span><span style=3D'position:absolute;top:67.0%;left:17.6%;width:79=
.4%;
 height:7.5%'>change as a result.</span></div>
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 <div v:shape=3D"_x0000_s19458" class=3DT style=3D'position:absolute;top:14=
.0%;
 left:13.67%;width:83.33%;height:10.0%'>Packaged Services</div>
 <div v:shape=3D"_x0000_s19459" class=3DB>
 <div style=3D'position:absolute;top:30.0%;left:13.85%;width:83.14%;height:=
6.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'font-size:88%;visibility:hidden'><span class=3DBB style=3D'positi=
on:absolute;
 left:-4.71%'>n</span></span><span style=3D'font-size:88%;display:none'>&#1=
3;</span></span></div>
 <span style=3D'position:absolute;top:37.5%;left:17.6%;width:88.01%;height:=
6.5%'><span
 style=3D'font-size:88%'><span class=3DBB style=3D'position:absolute;left:-=
4.25%;
 top:.61em'>n</span></span><span style=3D'font-size:88%'>Further, mortgage =
and
 settlement services </span></span><span style=3D'position:absolute;top:43.=
75%;
 left:17.6%;width:86.32%;height:6.5%'><span style=3D'font-size:88%'>will al=
so be
 seeking to integrate their own </span></span><span style=3D'position:absol=
ute;
 top:50.0%;left:17.6%;width:84.26%;height:6.5%'><span style=3D'font-size:88=
%'>packages
 with realty service providers to </span></span><span style=3D'position:abs=
olute;
 top:56.25%;left:17.6%;width:92.32%;height:6.5%'><span style=3D'font-size:8=
8%'>bring
 additional &#8220;packaging&#8221; benefits to their </span></span><span
 style=3D'position:absolute;top:62.5%;left:17.6%;width:79.4%;height:6.5%'><=
span
 style=3D'font-size:88%'>own<span style=3D'mso-spacerun:yes'>&nbsp;
 </span>consumers.&#13;</span></span>
 <div style=3D'position:absolute;top:70.0%;left:13.85%;width:83.14%;height:=
6.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'font-size:88%;visibility:hidden'><span class=3DBB style=3D'positi=
on:absolute;
 left:-4.71%'>n</span></span><span style=3D'font-size:88%;display:none'>&#1=
3;</span></span></div>
 <div style=3D'position:absolute;top:77.5%;left:13.85%;width:83.14%;height:=
6.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'font-size:88%'><span class=3DBB style=3D'position:absolute;left:-=
4.71%;
 top:.61em'>n</span></span><span style=3D'font-size:88%'>Bank of America is=
 just
 one of the first</span></span></div>
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.0%;
 left:13.67%;width:83.33%;height:10.0%'>Segmented market</div>
 <div v:shape=3D"_x0000_s20483" class=3DB>
 <div style=3D'position:absolute;top:30.0%;left:13.85%;width:83.14%;height:=
7.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'visibility:hidden'><span class=3DBB style=3D'position:absolute;le=
ft:-4.71%'>n</span></span>&#13;</span></div>
 <span style=3D'position:absolute;top:38.5%;left:17.6%;width:91.57%;height:=
7.5%'><span
 class=3DBB style=3D'position:absolute;left:-4.08%;top:.61em'>n</span>The m=
arket
 for real estate services will </span><span style=3D'position:absolute;
 top:45.75%;left:17.6%;width:79.4%;height:7.5%'>become more segmented&#13;<=
/span>
 <div style=3D'position:absolute;top:54.25%;left:13.85%;width:83.14%;height=
:7.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 class=3DBB style=3D'position:absolute;left:-4.71%;top:.61em'>n</span>Tradi=
tional
 brokerage&#13;</span></div>
 <div style=3D'position:absolute;top:62.74%;left:13.85%;width:83.14%;height=
:7.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 class=3DBB style=3D'position:absolute;left:-4.71%;top:.61em'>n</span>Flat
 Fee/Discount brokerage&#13;</span></div>
 <div style=3D'position:absolute;top:71.25%;left:13.85%;width:83.14%;height=
:7.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 class=3DBB style=3D'position:absolute;left:-4.71%;top:.61em'>n</span>Online
 brokerage&#13;</span></div>
 <div style=3D'position:absolute;top:79.75%;left:13.85%;width:83.14%;height=
:7.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 class=3DBB style=3D'position:absolute;left:-4.71%;top:.61em'>n</span>Fee f=
or
 service</span></div>
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  href=3D"master04.xml#_x0000_m29705"/><v:shape id=3D"_x0000_s21506" type=
=3D"#_x0000_m29705"
  style=3D'position:absolute;left:90.625pt;top:16.875pt;width:613.625pt;hei=
ght:115.125pt'
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  style=3D'position:absolute;left:93.125pt;top:158.875pt;width:612pt;height=
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 <div v:shape=3D"_x0000_s21506" class=3DT style=3D'position:absolute;top:14=
.0%;
 left:13.67%;width:83.33%;height:10.0%'>Segmented market</div>
 <div v:shape=3D"_x0000_s21507" class=3DB>
 <div style=3D'position:absolute;top:30.0%;left:13.85%;width:83.14%;height:=
6.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'font-size:88%;visibility:hidden'><span class=3DBB style=3D'positi=
on:absolute;
 left:-4.71%'>n</span></span><span style=3D'font-size:88%;display:none'>&#1=
3;</span></span></div>
 <span style=3D'position:absolute;top:37.5%;left:17.6%;width:90.26%;height:=
6.5%'><span
 style=3D'font-size:88%'><span class=3DBB style=3D'position:absolute;left:-=
4.14%;
 top:.61em'>n</span></span><span style=3D'font-size:88%'>The segmented mark=
et
 will place enormous </span></span><span style=3D'position:absolute;top:43.=
75%;
 left:17.6%;width:88.38%;height:6.5%'><span style=3D'font-size:88%'>strains=
 on
 the role of associations and MLS&#13;</span></span>
 <div style=3D'position:absolute;top:51.24%;left:13.85%;width:83.14%;height=
:6.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'font-size:88%;visibility:hidden'><span class=3DBB style=3D'positi=
on:absolute;
 left:-4.71%'>n</span></span><span style=3D'font-size:88%;display:none'>&#1=
3;</span></span></div>
 <span style=3D'position:absolute;top:58.75%;left:17.6%;width:79.4%;height:=
6.5%'><span
 style=3D'font-size:88%'><span class=3DBB style=3D'position:absolute;left:-=
4.71%;
 top:.61em'>n</span></span><span style=3D'font-size:88%'>What services does=
 a
 listing or buyer </span></span><span style=3D'position:absolute;top:65.0%;
 left:17.6%;width:92.88%;height:6.5%'><span style=3D'font-size:88%'>brokera=
ge
 have to provide to deserve a coop </span></span><span style=3D'position:ab=
solute;
 top:71.25%;left:17.6%;width:79.4%;height:6.5%'><span style=3D'font-size:88=
%'>fee
 as it is traditionally understood?</span></span></div>
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  style=3D'position:absolute;left:93.125pt;top:158.875pt;width:612pt;height=
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 <div v:shape=3D"_x0000_s22530" class=3DT style=3D'position:absolute;top:14=
.0%;
 left:13.67%;width:83.33%;height:10.0%'>Segmented market</div>
 <div v:shape=3D"_x0000_s22531" class=3DB>
 <div style=3D'position:absolute;top:30.0%;left:13.85%;width:83.14%;height:=
7.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'visibility:hidden'><span class=3DBB style=3D'position:absolute;le=
ft:-4.71%'>n</span></span>&#13;</span></div>
 <span style=3D'position:absolute;top:38.5%;left:17.6%;width:92.69%;height:=
7.5%'><span
 class=3DBB style=3D'position:absolute;left:-4.04%;top:.61em'>n</span>The s=
egmented
 market for services will </span><span style=3D'position:absolute;top:45.75=
%;
 left:17.6%;width:79.4%;height:7.5%'>attempt to mimic the segmented </span>=
<span
 style=3D'position:absolute;top:52.75%;left:17.6%;width:79.4%;height:7.5%'>=
consumer
 market.&#13;</span>
 <div style=3D'position:absolute;top:61.25%;left:13.85%;width:83.14%;height=
:7.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'visibility:hidden'><span class=3DBB style=3D'position:absolute;le=
ft:-4.71%'>n</span></span>&#13;</span></div>
 <span style=3D'position:absolute;top:69.75%;left:17.6%;width:92.69%;height=
:7.5%'><span
 class=3DBB style=3D'position:absolute;left:-4.04%;top:.61em'>n</span>Can t=
he
 association be seen to stand in </span><span style=3D'position:absolute;
 top:77.0%;left:17.6%;width:79.4%;height:7.5%'>the way of consumer demand?<=
/span></div>
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  href=3D"master04.xml#_x0000_s29703"/><![if !vml]><img border=3D0
 v:shapes=3D"_x0000_s29703" src=3D"master04_image004.gif" style=3D'position=
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  href=3D"master04.xml#_x0000_s29704"/><![if !vml]><img border=3D0
 v:shapes=3D"_x0000_s29704" src=3D"master04_image005.gif" style=3D'position=
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  href=3D"master04.xml#_x0000_s29707"/><p:shaperange
  href=3D"master04.xml#_x0000_s29708"/><![endif]><p:shaperange
  href=3D"master04.xml#_x0000_m29705"/><v:shape id=3D"_x0000_s23554" type=
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  style=3D'position:absolute;left:90.625pt;top:16.875pt;width:613.625pt;hei=
ght:115.125pt'
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  <v:fill o:detectmouseclick=3D"f"/>
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  href=3D"master04.xml#_x0000_m29706"/><v:shape id=3D"_x0000_s23555" type=
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 <div v:shape=3D"_x0000_s23554" class=3DT style=3D'position:absolute;top:14=
.0%;
 left:13.67%;width:83.33%;height:10.0%'>MLS and the Association</div>
 <div v:shape=3D"_x0000_s23555" class=3DB>
 <div style=3D'position:absolute;top:30.0%;left:13.85%;width:83.14%;height:=
6.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'font-size:88%;visibility:hidden'><span class=3DBB style=3D'positi=
on:absolute;
 left:-4.71%'>n</span></span><span style=3D'font-size:88%;display:none'>&#1=
3;</span></span></div>
 <span style=3D'position:absolute;top:37.5%;left:17.6%;width:88.38%;height:=
6.5%'><span
 style=3D'font-size:88%'><span class=3DBB style=3D'position:absolute;left:-=
4.23%;
 top:.61em'>n</span></span><span style=3D'font-size:88%'>There is no more
 important challenge than </span></span><span style=3D'position:absolute;
 top:43.75%;left:17.6%;width:93.63%;height:6.5%'><span style=3D'font-size:8=
8%'>maintaining
 the association and the functions </span></span><span style=3D'position:ab=
solute;
 top:50.0%;left:17.6%;width:79.4%;height:6.5%'><span style=3D'font-size:88%=
'>of
 the MLS in any imaginable future.&#13;</span></span>
 <div style=3D'position:absolute;top:57.49%;left:13.85%;width:83.14%;height=
:6.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'font-size:88%;visibility:hidden'><span class=3DBB style=3D'positi=
on:absolute;
 left:-4.71%'>n</span></span><span style=3D'font-size:88%;display:none'>&#1=
3;</span></span></div>
 <span style=3D'position:absolute;top:65.0%;left:17.6%;width:79.4%;height:6=
.5%'><span
 style=3D'font-size:88%'><span class=3DBB style=3D'position:absolute;left:-=
4.71%;
 top:.61em'>n</span></span><span style=3D'font-size:88%'>Without excellent
 information and the </span></span><span style=3D'position:absolute;top:71.=
25%;
 left:17.6%;width:79.4%;height:6.5%'><span style=3D'font-size:88%'>enforcem=
ent of
 appropriate rules, the </span></span><span style=3D'position:absolute;
 top:77.5%;left:17.6%;width:79.4%;height:6.5%'><span style=3D'font-size:88%=
'>marketplace
 will dissolve.</span></span></div>
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 <div style=3D'position:absolute;top:30.0%;left:13.85%;width:83.14%;height:=
6.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'font-size:88%;visibility:hidden'><span class=3DBB style=3D'positi=
on:absolute;
 left:-4.71%'>n</span></span><span style=3D'font-size:88%;display:none'>&#1=
3;</span></span></div>
 <span style=3D'position:absolute;top:37.5%;left:17.6%;width:89.32%;height:=
6.5%'><span
 style=3D'font-size:88%'><span class=3DBB style=3D'position:absolute;left:-=
4.19%;
 top:.61em'>n</span></span><span style=3D'font-size:88%'>Brokers and sales
 professionals expect that </span></span><span style=3D'position:absolute;
 top:43.75%;left:17.6%;width:91.94%;height:6.5%'><span style=3D'font-size:8=
8%'>the
 MLS functions as efficiently as possible &#8211; </span></span><span
 style=3D'position:absolute;top:50.0%;left:17.6%;width:79.4%;height:6.5%'><=
span
 style=3D'font-size:88%'>and<span style=3D'mso-spacerun:yes'>&nbsp; </span>=
this
 should be the case.&#13;</span></span>
 <div style=3D'position:absolute;top:57.49%;left:13.85%;width:83.14%;height=
:6.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'font-size:88%;visibility:hidden'><span class=3DBB style=3D'positi=
on:absolute;
 left:-4.71%'>n</span></span><span style=3D'font-size:88%;display:none'>&#1=
3;</span></span></div>
 <span style=3D'position:absolute;top:65.0%;left:17.6%;width:89.32%;height:=
6.5%'><span
 style=3D'font-size:88%'><span class=3DBB style=3D'position:absolute;left:-=
4.19%;
 top:.61em'>n</span></span><span style=3D'font-size:88%'>Brokers and sales
 professionals expect that </span></span><span style=3D'position:absolute;
 top:71.25%;left:17.6%;width:89.32%;height:6.5%'><span style=3D'font-size:8=
8%'>rules
 will be meaningful to the practice and </span></span><span style=3D'positi=
on:
 absolute;top:77.5%;left:17.6%;width:79.4%;height:6.5%'><span style=3D'font=
-size:
 88%'>enforced uniformly and quickly.</span></span></div>
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.0%;
 left:13.67%;width:83.33%;height:10.0%'>MLS and the Association</div>
 <div v:shape=3D"_x0000_s25603" class=3DB><span style=3D'position:absolute;
 top:30.0%;left:17.6%;width:94.0%;height:6.5%'><span style=3D'font-size:88%=
'><span
 class=3DBB style=3D'position:absolute;left:-3.98%;top:.61em'>n</span></spa=
n><span
 style=3D'font-size:88%'>Brokers who complain about the MLS and the </span>=
</span><span
 style=3D'position:absolute;top:36.25%;left:17.6%;width:88.76%;height:6.5%'=
><span
 style=3D'font-size:88%'>Association should get and stay involved in </span=
></span><span
 style=3D'position:absolute;top:42.5%;left:17.6%;width:79.4%;height:6.5%'><=
span
 style=3D'font-size:88%'>both &#8211; and contribute to their future.&#13;<=
/span></span>
 <div style=3D'position:absolute;top:50.0%;left:13.85%;width:83.14%;height:=
6.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'font-size:88%;visibility:hidden'><span class=3DBB style=3D'positi=
on:absolute;
 left:-4.71%'>n</span></span><span style=3D'font-size:88%;display:none'>&#1=
3;</span></span></div>
 <span style=3D'position:absolute;top:57.49%;left:17.6%;width:79.4%;height:=
6.5%'><span
 style=3D'font-size:88%'><span class=3DBB style=3D'position:absolute;left:-=
4.71%;
 top:.61em'>n</span></span><span style=3D'font-size:88%'>MLS should avoid t=
hose
 services that </span></span><span style=3D'position:absolute;top:63.74%;
 left:17.6%;width:79.4%;height:6.5%'><span style=3D'font-size:88%'>undermin=
e the
 innovations of realty </span></span><span style=3D'position:absolute;top:7=
0.0%;
 left:17.6%;width:88.57%;height:6.5%'><span style=3D'font-size:88%'>profess=
ionals
 and stick to their basic value.</span></span></div>
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 <div v:shape=3D"_x0000_s26626" class=3DT style=3D'position:absolute;top:14=
.0%;
 left:13.67%;width:83.33%;height:10.0%'>A New Age Dawning</div>
 <div v:shape=3D"_x0000_s26627" class=3DB>
 <div style=3D'mso-line-spacing:"90 20 0";position:absolute;top:29.5%;left:=
13.85%;
 width:83.14%;height:6.5%'><span style=3D'position:absolute;top:0%;left:4.5=
%;
 width:95.49%;height:100.0%'><span style=3D'font-size:88%;visibility:hidden=
'><span
 style=3D'mso-special-format:bullet;color:#3333CC;mso-color-index:7;positio=
n:
 absolute;left:-4.71%;font-family:Wingdings;font-size:60%'>n</span></span><=
span
 style=3D'font-size:88%;display:none'>&#13;</span></span></div>
 <div style=3D'mso-line-spacing:"90 20 0"'><span style=3D'position:absolute;
 top:36.5%;left:17.6%;width:79.4%;height:6.5%'><span style=3D'font-size:88%=
'><span
 style=3D'mso-special-format:bullet;color:#3333CC;mso-color-index:7;positio=
n:
 absolute;left:-4.71%;top:.61em;font-family:Wingdings;font-size:60%'>n</spa=
n></span><span
 style=3D'font-size:88%'>It appears that for the next ten years, </span></s=
pan><span
 style=3D'position:absolute;top:42.0%;left:17.6%;width:95.31%;height:6.5%'>=
<span
 style=3D'font-size:88%'>demand will continue to outpace supply in the </sp=
an></span><span
 style=3D'position:absolute;top:47.5%;left:17.6%;width:79.4%;height:6.5%'><=
span
 style=3D'font-size:88%'>aggregate &#8211; more buyers than homes.&#13;</sp=
an></span></div>
 <div style=3D'mso-line-spacing:"90 20 0";position:absolute;top:54.5%;left:=
13.85%;
 width:83.14%;height:6.5%'><span style=3D'position:absolute;top:0%;left:4.5=
%;
 width:95.49%;height:100.0%'><span style=3D'font-size:88%;visibility:hidden=
'><span
 style=3D'mso-special-format:bullet;color:#3333CC;mso-color-index:7;positio=
n:
 absolute;left:-4.71%;font-family:Wingdings;font-size:60%'>n</span></span><=
span
 style=3D'font-size:88%;display:none'>&#13;</span></span></div>
 <div style=3D'mso-line-spacing:"90 20 0"'><span style=3D'position:absolute;
 top:61.25%;left:17.6%;width:92.88%;height:6.5%'><span style=3D'font-size:8=
8%'><span
 style=3D'mso-special-format:bullet;color:#3333CC;mso-color-index:7;positio=
n:
 absolute;left:-4.03%;top:.61em;font-family:Wingdings;font-size:60%'>n</spa=
n></span><span
 style=3D'font-size:88%'>While the super heated markets of the 2001-</span>=
</span><span
 style=3D'position:absolute;top:67.0%;left:17.6%;width:88.2%;height:6.5%'><=
span
 style=3D'font-size:88%'>2005 period may not repeat, not are many </span></=
span><span
 style=3D'position:absolute;top:72.5%;left:17.6%;width:84.08%;height:6.5%'>=
<span
 style=3D'font-size:88%'>markets likely to enter a 1998-2003 type </span></=
span><span
 style=3D'position:absolute;top:78.25%;left:17.6%;width:79.4%;height:6.5%'>=
<span
 style=3D'font-size:88%'>stagnant market.</span></span></div>
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 <div v:shape=3D"_x0000_s27650" class=3DT style=3D'position:absolute;top:14=
.0%;
 left:13.67%;width:83.33%;height:10.0%'>A New Age Dawning</div>
 <div v:shape=3D"_x0000_s27651" class=3DB>
 <div style=3D'position:absolute;top:30.0%;left:13.85%;width:83.14%;height:=
6.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'font-size:88%;visibility:hidden'><span class=3DBB style=3D'positi=
on:absolute;
 left:-4.71%'>n</span></span><span style=3D'font-size:88%;display:none'>&#1=
3;</span></span></div>
 <span style=3D'position:absolute;top:37.5%;left:17.6%;width:79.4%;height:6=
.5%'><span
 style=3D'font-size:88%'><span class=3DBB style=3D'position:absolute;left:-=
4.71%;
 top:.61em'>n</span></span><span style=3D'font-size:88%'>Even with all the
 changes, housing </span></span><span style=3D'position:absolute;top:43.75%;
 left:17.6%;width:83.14%;height:6.5%'><span style=3D'font-size:88%'>consume=
rs
 still prefer to deal with a real </span></span><span style=3D'position:abs=
olute;
 top:50.0%;left:17.6%;width:90.63%;height:6.5%'><span style=3D'font-size:88=
%'>estate
 professional when buying or selling a </span></span><span style=3D'positio=
n:
 absolute;top:56.25%;left:17.6%;width:79.4%;height:6.5%'><span
 style=3D'font-size:88%'>home.&#13;</span></span>
 <div style=3D'position:absolute;top:63.74%;left:13.85%;width:83.14%;height=
:6.5%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'font-size:88%;visibility:hidden'><span class=3DBB style=3D'positi=
on:absolute;
 left:-4.71%'>n</span></span><span style=3D'font-size:88%;display:none'>&#1=
3;</span></span></div>
 <span style=3D'position:absolute;top:71.25%;left:17.6%;width:90.26%;height=
:6.5%'><span
 style=3D'font-size:88%'><span class=3DBB style=3D'position:absolute;left:-=
4.14%;
 top:.61em'>n</span></span><span style=3D'font-size:88%'>However, the terms=
 and
 prices under which </span></span><span style=3D'position:absolute;top:77.5=
%;
 left:17.6%;width:88.95%;height:6.5%'><span style=3D'font-size:88%'>they em=
ploy
 them will change significantly.</span></span></div>
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------=_NextPart_01C66AC8.A4796360
Content-Location: file:///C:/C9A8B227/ANewAgeDawning_files/script.js
Content-Transfer-Encoding: quoted-printable
Content-Type: application/javascript; charset="us-ascii"

function LoadSld()
{
	var sld=3DGetObj("SlideObj")
	if( !g_supportsPPTHTML ) {	=09
		sld.style.visibility=3D"visible"
		return
	}

	if( MakeNotesVis() ) return

	runAnimations =3D _InitAnimations();
=09
	if( IsWin("PPTSld") )
		parent.SldUpdated(GetSldId())
	g_origSz=3DparseInt(SlideObj.style.fontSize)
	g_origH=3Dsld.style.posHeight
	g_origW=3Dsld.style.posWidth
	g_scaleHyperlinks=3D(document.all.tags("AREA").length>0)
	if( g_scaleHyperlinks )
		InitHLinkArray()
	if( g_scaleInFrame||(IsWin("PPTSld") && parent.IsFullScrMode() ) )
		document.body.scroll=3D"no"
	_RSW()
	if( IsWin("PPTSld") && parent.IsFullScrMode() )
		FullScrInit();
=09
	MakeSldVis();
	ChkAutoAdv()

	if( runAnimations )
	{
		if( document.all("NSPlay") )
			document.all("NSPlay").autoStart =3D false;

		if( sld.filters && sld.filters.revealtrans )
			setTimeout( "document.body.start()", sld.filters.revealtrans.duration * =
1000 );
		else
			document.body.start();
	}
}

function MakeSldVis()=20
{
	var fTrans=3Dg_showAnimation && SldHasTrans()
	if( fTrans )=09
	{
		if( g_bgSound ) {
			idx=3Dg_bgSound.indexOf(",");
			pptSound.src=3Dg_bgSound.substr( 0, idx );
			pptSound.loop=3D -(parseInt(g_bgSound.substr(idx+1)));
		}
		SlideObj.filters.revealtrans.Apply()=09
    }
	SlideObj.style.visibility=3D"visible"
	if( fTrans )
		SlideObj.filters.revealtrans.Play()
}
function MakeNotesVis()=20
{
	if( !IsNts() ) return false=20
	SlideObj.style.display=3D"none"
	nObj =3D document.all.item("NotesObj")
	parent.SetHasNts(0)
	if( nObj ) {=20
		nObj.style.display=3D""
		parent.SetHasNts(1)
	}
	return 1
}
function ChkAutoAdv()
{
	if(SldHasTrans())
		SlideObj.onfilterchange=3DAutoAdv
	else
		AutoAdv()
}
function AutoAdv()
{
	if(!IsWin("PPTSld") || !gUseSldTimings )return
	var sld=3DGetCurSld()
	if( (sld.mAdvDelay>0) && !parent.IsFramesMode() )
		setTimeout("parent.GoToNextSld()",sld.mAdvDelay)
}
function GetObj(id)
{
	if(g_supportsPPTHTML) return document.all(id);
	else return document.getElementById(id);
}
function SldHasTrans() { return SlideObj.style.filter !=3D ""; }
function GetSldId()=20
{
	var regExp =3D /file:\/\/\//i
	var pos =3D location.href.search(regExp)
	if (MHTMLPrefix !=3D "" && pos !=3D -1)
		sId =3D location.href.substring(pos)
	else
	{
		sId =3D RemoveFilePrefixFromHref(location.href);
		var regExp =3D /\//
		var fixedHref =3D sId
		var pos =3D -1
=09
		pos =3D fixedHref.search(regExp)
		while (pos !=3D -1)
		{
			fixedHref =3D fixedHref.replace(regExp, "\\")
			pos =3D fixedHref.search(regExp)
		}
=09
		if (g_fBaseHyperlink =3D=3D true)
			sId =3D "file:///" + fixedHref;
		else
			sId =3D fixedHref.substring(fixedHref.lastIndexOf('\\') + 1)
	}
=09
	return sId
}
function HideMenu() { if( frames["PPTSld"] && PPTSld.document.all.item("ctx=
tmenu") && PPTSld.ctxtmenu.style.display!=3D"none" ) { PPTSld.ctxtmenu.styl=
e.display=3D'none'; return true } return false }
function IsWin( name ) { return window.name =3D=3D name }
function IsNts() { return IsWin("PPTNts") }
function IsSldOrNts() { return( IsWin("PPTSld")||IsWin("PPTNts") ) }
function SupportsPPTAnimation() { return( navigator.platform =3D=3D "Win32"=
 && navigator.appVersion.indexOf("Windows")>0 ) }
function SupportsPPTHTML()
{
	var appVer=3Dnavigator.appVersion, msie=3DappVer.indexOf("MSIE "), ver=3D0
	if( msie >=3D 0 )
		ver=3DparseFloat( appVer.substring( msie+5, appVer.indexOf(";",msie) ) )
	else
		ver=3DparseInt(appVer)

	return( ver >=3D 4 && msie >=3D 0 )
}
function _RSW()
{
	if( !g_supportsPPTHTML || IsNts() ||
	  ( !g_scaleInFrame && (!IsWin("PPTSld") || !parent.IsFullScrMode()) ) )
		return

        var padding=3D0;
        if( IsWin("PPTSld") && parent.IsFramesMode() ) padding=3D6

	cltWidth=3Ddocument.body.clientWidth-padding
	cltHeight=3Ddocument.body.clientHeight-padding
	factor=3D(1.0*cltWidth)/g_origW
	if( cltHeight < g_origH*factor )
		factor=3D(1.0*cltHeight)/g_origH

	newSize =3D g_origSz * factor
	if( newSize < 1 ) newSize=3D1

	s=3DSlideObj.style
	s.fontSize=3DnewSize+"px"
	s.posWidth=3Dg_origW*factor
	s.posHeight=3Dg_origH*factor
	s.posLeft=3D(cltWidth-s.posWidth+padding)/2
	s.posTop=3D(cltHeight-s.posHeight+padding)/2

	if( g_scaleHyperlinks )
		ScaleHyperlinks( factor )
}
function _InitAnimations()
{
	animRuntimeInstalled =3D ''+document.body.localTime !=3D 'undefined';
	isFullScreen =3D (window.name =3D=3D "PPTSld") && !parent.IsFramesMode();
	g_animUseRuntime =3D g_showAnimation && animRuntimeInstalled && !(isFullSc=
reen && parent.IsSldVisited());
	if( g_animUseRuntime ) {
		collSeq =3D document.all.tags("seq");
		if( collSeq !=3D null ) {
			for(ii=3D0;ii<collSeq.length;ii++) {
				if( collSeq[ii].getAttribute( "p:nodeType" ) =3D=3D "mainSeq" ) {
					g_animMainSequence =3D collSeq[ii];
					break;
				}
			}
		}
=09
		if( g_animItemsToHide && document.body.playAnimations !=3D false ) {
			for(jj =3D 0; jj < g_animItemsToHide.length; jj++) {
				if( hideObj =3D GetObj(g_animItemsToHide[jj]) )
					hideObj.runtimeStyle.visibility=3D"hidden";
			}
		}

		if( g_animInteractiveItems ){
			for(jj =3D 0; jj < g_animInteractiveItems.length; jj++) {
				if( triggerObj =3D GetObj(g_animInteractiveItems[jj]) )
					triggerObj.runtimeStyle.cursor=3D"hand";
			}
		}
	=09
		if( gUseSldTimings && ''+g_animSlideTime !=3D 'undefined' ) {
			adjustedTime =3D document.body.calculateAutoAdvanceTimes( g_animSlideTim=
e, g_animEffectTimings );
			if( IsWin("PPTSld") && adjustedTime !=3D g_animSlideTime ) {
			   var sld =3D GetCurSld();
			   sld.mAdvDelay =3D adjustedTime * 1000;
			}
		}
	}

	return g_animUseRuntime;
}

gSldJump =3D 0, gSldJumpTrack =3D 0, gSldJumpIdx =3D "";

function _KPH()
{=20
	if( IsNts() ) return;

	if( !parent.IsFramesMode() && event.keyCode =3D=3D 27 && !HideMenu() )
		parent.window.close( self );
	else if( event.keyCode =3D=3D 32 ) {
		if( window.name =3D=3D "PPTSld" )
			parent.PPTSld.DocumentOnClick();
		else
			parent.GoToNextSld();
	}

	CatchNumKeys( parent, event );
}

function CatchNumKeys( win, event ) {
	if( win.IsFullScrMode() && (48<=3Devent.keyCode) && (event.keyCode<=3D57) =
) {
		gSldJump =3D 1;
		gSldJumpIdx +=3D (event.keyCode-48).toString();
	}
	if( win.IsFullScrMode() && gSldJump && event.keyCode =3D=3D 13 ) {
		var numSlds =3D parent.GetSldList().mList.length
		if ( gSldJumpIdx > numSlds )
			gSldJumpIdx =3D numSlds;
		if ( gSldJumpIdx >=3D 0 ) {
			if ( gSldJumpIdx =3D=3D 0 )
				gSldJumpIdx =3D 1;
			var jumpTo =3D parseInt(gSldJumpIdx);
			gSldJump =3D 0; gSldJumpIdx =3D "";
			win.GoToSld( parent.GetSldList().mList[jumpTo-1].mSldHref )
		}
	}
}

function _KDH()
{
	if( event.keyCode =3D=3D 8 ) {
		event.returnValue =3D 0;
		parent.GoToPrevSld();
	}
}
function DocumentOnClick()
{
	if( IsNts() || parent.HideMenu() ) return;
	if( ( g_allowAdvOnClick && !parent.IsFramesMode() ) ||
	    (event && (event.keyCode=3D=3D32) ) )
		parent.GoToNextSld();
}



var g_supportsPPTHTML =3D SupportsPPTHTML(), g_scaleInFrame =3D 1, gId=3D""=
, g_bgSound=3D"",
    g_scaleHyperlinks =3D false, g_allowAdvOnClick =3D 1, g_showInBrowser =
=3D 0, gLoopCont =3D 0, gUseSldTimings =3D 1;
var g_showAnimation =3D g_supportsPPTHTML && SupportsPPTAnimation() && ( (w=
indow.name=3D=3D"PPTSld" && !parent.IsFramesMode()) || g_showInBrowser );va=
r g_animManager =3D null;
var g_animUseRuntime =3D false;
var g_animItemsToHide, g_animInteractiveItems, g_animSlideTime;
var g_animMainSequence =3D null;

var ENDSHOW_MESG=3D"End of slide show, click to exit.", SCREEN_MODE=3D"Fram=
es", gIsEndShow=3D0, NUM_VIS_SLDS=3D26, SCRIPT_HREF=3D"script.js", FULLSCR_=
HREF=3D"fullscreen.htm";
var gCurSld =3D gPrevSld =3D 1, g_offset =3D 0, gNtsOpen =3D gHasNts =3D gO=
tlTxtExp =3D 0, gHasNarration =3D 0, gOtlOpen =3D true
window.gPPTHTML=3DSupportsPPTHTML()
var g_fBaseHyperlink =3D false;
var gMainDoc=3Dnew Array(new hrefList("slide0001.htm",1,-1,1),new hrefList(=
"slide0002.htm",1,-1,1),new hrefList("slide0003.htm",1,-1,1),new hrefList("=
slide0004.htm",1,-1,1),new hrefList("slide0005.htm",1,-1,1),new hrefList("s=
lide0006.htm",1,-1,1),new hrefList("slide0007.htm",1,-1,1),new hrefList("sl=
ide0008.htm",1,-1,1),new hrefList("slide0009.htm",1,-1,1),new hrefList("sli=
de0010.htm",1,-1,1),new hrefList("slide0011.htm",1,-1,1),new hrefList("slid=
e0012.htm",1,-1,1),new hrefList("slide0013.htm",1,-1,1),new hrefList("slide=
0014.htm",1,-1,1),new hrefList("slide0015.htm",1,-1,1),new hrefList("slide0=
016.htm",1,-1,1),new hrefList("slide0017.htm",1,-1,1),new hrefList("slide00=
18.htm",1,-1,1),new hrefList("slide0019.htm",1,-1,1),new hrefList("slide002=
0.htm",1,-1,1),new hrefList("slide0021.htm",1,-1,1),new hrefList("slide0022=
.htm",1,-1,1),new hrefList("slide0023.htm",1,-1,1),new hrefList("slide0024.=
htm",1,-1,1),new hrefList("slide0025.htm",1,-1,1),new hrefList("slide0026.h=
tm",1,-1,1));

/*********************************************
 Frameset functions

 These functions control slide navigation
 and state of the frameset.
**********************************************/

function RemoveFilePrefixFromHref(href)
{
	var regExp =3D /^file:\/\/\//i;
	return href.replace(regExp, "")
}

function FullScrInit()
{
	g_allowAdvOnClick =3D GetCurSld().mAdvOnClk
	document.body.style.backgroundColor=3D"black"
	document.oncontextmenu=3Dparent._CM;
	document.onkeydown =3D _KDH;
	document.ondragstart=3DCancel
	document.onselectstart=3DCancel
	self.focus()
}

function Redirect( frmId )
{=09
	var str=3Ddocument.location.hash,idx=3Dstr.indexOf('#'), sId=3DGetSldId()
	if(idx>=3D0) str=3Dstr.substr(1);
	if( window.name !=3D frmId && ( sId !=3D str) ) {
		obj =3D GetObj("Main-File")
		window.location.href=3Dobj.href+"#"+sId
		return 1
	}
	return 0
}

var MHTMLPrefix =3D CalculateMHTMLPrefix();=20
function CalculateMHTMLPrefix()
{
	if ( document.location.protocol =3D=3D 'mhtml:') {=20
		href=3Dnew String(document.location.href)=20
		Start=3Dhref.indexOf('!')+1=20
		End=3Dhref.lastIndexOf('/')+1=20
		if (End < Start)=20
			return href.substring(0, Start)=20
		else=20
		return href.substring(0, End)=20
	}
	return '';
}

function GetTags(base,tag)
{
	if(g_supportsPPTHTML) return base.all.tags(tag);
	else return base.getElementsByTagName(tag);
}


function UpdNtsPane(){ if(frames["PPTNts"]) PPTNts.location.replace( MHTMLP=
refix+GetHrefObj( gCurSld ).mNtsHref ) }

function UpdNavPane( sldIndex ){ if(gNavLoaded) PPTNav.UpdNav() }

function UpdOtNavPane(){ if(gOtlNavLoaded) PPTOtlNav.UpdOtlNav() }

function UpdOtlPane(){ if(gOtlLoaded) PPTOtl.UpdOtl() }

function SetHasNts( fVal )
{
	if( gHasNts !=3D fVal ) {
		gHasNts=3DfVal
		UpdNavPane()
	}
}

function ToggleOtlText()
{
	gOtlTxtExp=3D!gOtlTxtExp
	UpdOtlPane()
}

function ClearMedia()
{
	// Clear any sounds playing before launching another browser window. Other=
wise,
	// in fullscreen mode, you'll continue to hear the sound in the frames mod=
e.
	if (PPTSld.pptSound) PPTSld.pptSound.loop =3D 0;
}

function FullScreen()
{=20
	if ( PPTSld.g_animUseRuntime )
		PPTSld.document.body.pause();
	ClearMedia();
	var href =3D ( document.location.protocol =3D=3D 'mhtml:') ? FULLSCR_HREF =
: FULLSCR_HREF+"#"+GetHrefObj(gCurSld).mSldHref;
	if (MHTMLPrefix !=3D "")
		href =3D RemoveFilePrefixFromHref(href)
	if(PPTNav.event.ctrlKey) {
		var w =3D (window.screen.availWidth * 1.0) / 2.0
		var h =3D w * (PPTSld.g_origH * 1.0) / PPTSld.g_origW
		win =3D window.open( MHTMLPrefix+href,null,"toolbar=3D0,resizable=3D1,top=
=3D0,left=3D0," + "width=3D"+ w + ",height=3D" + h );
		if( win.document.body && PPTSld.g_animUseRuntime )
			win.document.body.PPTSldFrameset=3Dwindow;
	}
	else
	{
		win =3D window.open( MHTMLPrefix+href,null,"fullscreen=3Dyes" );
		if( win.document.body && PPTSld.g_animUseRuntime )
			win.document.body.PPTSldFrameset=3Dwindow;
	}
}

function ToggleVNarration()
{
	rObj=3DPPTSld.document.all("NSPlay")
	if( rObj && !PPTSld.g_animUseRuntime ) {
		if( (rObj.playState =3D=3D 1)||(rObj.playState =3D=3D 0) )
			rObj.Play()
		else if( rObj.playState =3D=3D 2 )
			rObj.Pause()
		else
			return;
	}
	else if( PPTSld.g_animUseRuntime )
	{
		narObj =3D PPTSld.document.all("narrationID")
		if( narObj )
			narObj.togglePause()
	}
}

function GetCurSldNum()
{  =20
	obj=3DGetHrefObj(gCurSld)
	if( obj.mOrigVis =3D=3D 1 )
		return obj.mSldIdx
	else  =20
		return gCurSld
}

function GetNumSlds()
{  =20
	if( GetHrefObj(gCurSld).mOrigVis =3D=3D 1 )
		return GetSldList().mNumVisSlds;
	else
		return GetSldList().mList.length
}

function GetSldNum( href )
{
	for(ii=3D0; ii<GetSldList().mList.length; ii++) {
		if ( GetSldList().mList[ii].mSldHref =3D=3D href )
			return ii+1
	}
	return 1
}

function GetHrefObj( sldIdx ){ return GetSldList().mList[sldIdx-1] }

function IsFramesMode(){ return ( SCREEN_MODE =3D=3D "Frames" ) }

function IsFullScrMode(){ return ( SCREEN_MODE =3D=3D "FullScreen" ) }

function GoToNextSld()
{
	ii=3DgCurSld + 1
	if( GetHrefObj( ii-1 ).mOrigVis =3D=3D 0 ) {
		if( ii<=3DGetSldList().mList.length ) {
			obj=3DGetHrefObj(ii)
			obj.mVis=3D1
			GoToSldNum(ii)
			return
		}
	}
	else {
		obj=3DGetHrefObj( ii )
		while ( obj && ( obj.mOrigVis =3D=3D 0 ) )
			obj=3DGetHrefObj(++ii)
		if( obj && obj.mOrigVis ) {
			GoToSldNum(ii)
			return
		}
	}
	if( gSldStack.length > 1 )
		PopSldList();
	else if( !IsFramesMode() ) {
                if( gLoopCont )
			GoToFirst()
                else
			EndShow()
	}
}

function GoToPrevSld()
{
	ii=3DgCurSld-1
	if( ii > 0 ) {
		obj=3DGetHrefObj(ii)
		while ( obj && ( obj.mVis =3D=3D 0 ) && ( ii>0 ) )
			obj=3DGetHrefObj(--ii)
        if( ii =3D=3D 0 ) ii=3D1
		GoToSldNum(ii)
	}
}

function GoToFirst(){ GoToSld( GetHrefObj(1).mSldHref ) }

function GoToLast()
{
	ii=3DGetSldList().mList.length
	if( ii !=3D gCurSld )
		GoToSld( GetHrefObj(ii).mSldHref )
}

function GoToSldNum( num )
{
	if( PPTSld.event ) PPTSld.event.cancelBubble=3Dtrue
	obj =3D GetHrefObj( num )
	obj.mVis=3D1
	gPrevSld=3DgCurSld
	gCurSld =3D num;
=09
	if (MHTMLPrefix !=3D "")
		PPTSld.location.replace(MHTMLPrefix+RemoveFilePrefixFromHref(obj.mSldHref=
))
	else
		PPTSld.location.replace(obj.mSldHref)
	=09
	if( IsFramesMode() ) {
		UpdNavPane(); UpdOtlPane(); UpdNtsPane()
	}
}

function GoToSld( href )
{
	if( PPTSld.event ) PPTSld.event.cancelBubble=3Dtrue
	GetHrefObj( GetSldNum(href) ).mVis=3D1
	if (MHTMLPrefix !=3D "")
		PPTSld.location.replace(MHTMLPrefix+RemoveFilePrefixFromHref(href))
	else
		PPTSld.location.replace(href)
}

function SldUpdated( id )
{
	if( id =3D=3D GetHrefObj(gCurSld).mSldHref ) return
	gPrevSld=3DgCurSld
	gCurSld=3DGetSldNum(id)
	if( IsFramesMode() ) {
		UpdNavPane(); UpdOtlPane(); UpdNtsPane()
	}
}

function PrevSldViewed(){ GoToSld( GetHrefObj(gPrevSld).mSldHref ) }
function HasPrevSld() { return ( gIsEndShow || ( gCurSld !=3D 1 && GetHrefO=
bj( gCurSld-1 ).mVis =3D=3D 1 )||( GetCurSldNum() > 1 ) ) }
function HasNextSld() { return (GetCurSldNum() !=3D GetNumSlds()) }

function CloseWindow() {
	if( HideMenu() ) return;
=09
	var event =3D PPTSld.event;
	if( !IsFramesMode() && event && (event.keyCode=3D=3D27 || event.keyCode=3D=
=3D32 || event.type=3D=3D"click" ) )
		window.close( self );
	CatchNumKeys( self, event );
}

function Unload() { gIsEndShow=3D0; }

function SetupEndShow() {
	gIsEndShow=3D1;
	PPTSld.document.body.scroll=3D"no";
	PPTSld.document.onkeypress=3DCloseWindow;
	PPTSld.document.onclick=3DCloseWindow;
	PPTSld.document.oncontextmenu=3D_CM;
}

function EndShow()
{
	if( IsFramesMode() ) return
	if( PPTSld.event ) PPTSld.event.cancelBubble=3Dtrue

	doc=3DPPTSld.document
	var dir =3D doc.body.dir
	if( dir !=3D "rtl" ) dir =3D "ltr";
	doc.open()
	doc.writeln('<html><body dir=3D' + dir + ' bgcolor=3Dblack onload=3Dparent=
.SetupEndShow() onunload=3Dparent.Unload()><center><p><font face=3DTahoma c=
olor=3Dwhite size=3D2><br><b>' + ENDSHOW_MESG + '</b></font></p></center></=
body></html>')
	doc.close()
}

function SetSldVisited(){ GetSldList().mList[gCurSld-1].mVisited=3Dtrue }

function IsSldVisited(){ return GetSldList().mList[gCurSld-1].mVisited }

function hrefList( sldHref, visible, advDelay, advClk )
{
	this.mSldHref=3D this.mNtsHref =3D sldHref
	this.mOrigVis=3D this.mVis =3D visible
	this.mVisited=3D false
	this.mAdvDelay=3D advDelay
	this.mAdvOnClk=3D advClk
}

function SldList(arr,curSld,fEnd)
{
	this.mCurSld =3D curSld;
	this.mList =3D new Array();

	var idx =3D 1;
	for(ii=3D0;ii<arr.length;ii++) {
		this.mList[ii] =3D new hrefList( arr[ii].mSldHref, arr[ii].mOrigVis, arr[=
ii].mAdvDelay, arr[ii].mAdvOnClk );
		if( arr[ii].mOrigVis )
			this.mList[ii].mSldIdx =3D idx++;
	}
	this.mNumVisSlds =3D idx-1;
	this.fEndShow =3D fEnd;
}

function GetSldList() {	return gSldStack[gSldStack.length-1] }
function GetCurSld() { return parent.GetSldList().mList[parent.gCurSld - 1]=
 }

gSldStack =3D new Array();
gSldStack[0] =3D new SldList(gMainDoc,gCurSld,1)
function ToggleOtlPane()
{
	frmset=3Ddocument.all("PPTHorizAdjust")
	frm=3Ddocument.all("PPTOtl")

	if( gOtlOpen )
		frmset.cols=3D"*,100%"
	else
		frmset.cols=3D"25%,*"

	gOtlOpen=3D!gOtlOpen
	frm.noResize=3D!frm.noResize
	UpdOtNavPane()
}

function ToggleNtsPane()
{
	frmset=3Ddocument.all("PPTVertAdjust")
	frm=3Ddocument.all("PPTNts")

	if( gNtsOpen )
		frmset.rows=3D"100%,*"
	else
		frmset.rows=3D"*,20%"

	gNtsOpen=3D!gNtsOpen
	UpdNtsPane()
}

/*********************************************
Custom Shows implementation

When ViewCustomShow() is called, we create
a new array that is a subset of the slides in=20
the main doc. This list pushed on a stack so
we can return after the end of the custom
show.
*********************************************/
function ViewCustomShow(idx,fEnd)
{
	if( !IsFullScrMode() ) return;
	var sldList =3D new Array();
	var custShow =3D custShowList[idx-1];
	var jj =3D 0;
	for( ii=3D0;ii<custShow.length;ii++ ) {
		if( custShow[ii] <=3D gMainDoc.length )
			sldList[jj++] =3D gMainDoc[custShow[ii]-1];
	}
	if (sldList.length > 0) {
	PushSldList(sldList,fEnd);
	gCurSld =3D 1;
	}
	else
		if( PPTSld.event ) PPTSld.event.cancelBubble=3Dtrue
}

function PushSldList(arr,fEnd) {
	var ii =3D gSldStack.length;
	gSldStack[ii] =3D new SldList(arr,gCurSld,fEnd);
	GoToSld( gSldStack[ii].mList[0].mSldHref );
}

function PopSldList() {
	if (gSldStack[gSldStack.length-1].fEndShow)
		EndShow()
	else {
	gCurSld =3D gSldStack[gSldStack.length-1].mCurSld;
	gSldStack[gSldStack.length-1] =3D null;
	gSldStack.length--;
	var sldList =3D gSldStack[gSldStack.length-1];
	GoToSld( sldList.mList[gCurSld - 1].mSldHref );
	}
}
var custShowList=3Dnew Array();

/*********************************************
 Navigation button implementation

 There are 2 types of buttons: ImgBtn, TxtBtn
 implemented as function objects. They share
 a similiar interface so the event handlers
 can call SetActive, for example, on a button=20
 object without needing to know exactly=20
 what type of button it is.
**********************************************/

//----------------------------------
function ImgBtn( oId,bId,w,action )
//----------------------------------
{
	var t=3Dthis
	t.Perform    =3D _IBP
	t.SetActive  =3D _IBSetA
	t.SetInactive=3D _IBSetI
	t.SetPressed =3D _IBSetP
	t.SetDisabled=3D _IBSetD
	t.Enabled    =3D _IBSetE
	t.ChangeIcon =3D null
	t.UserAction =3D action
	t.ChgState   =3D _IBUI
	t.mObjId   =3D oId
	t.mBorderId=3D bId
	t.mWidth   =3D w
	t.mIsOn    =3D t.mCurState =3D 0
}

function _IBSetA()
{
	if( this.mIsOn ) {
		obj=3Dthis.ChgState( gHiliteClr,gShadowClr,2 )
		obj.style.posTop=3D0
	}
}

function _IBSetI()
{
	if( this.mIsOn ) {
		obj=3Dthis.ChgState( gFaceClr,gFaceClr,1 )
		obj.style.posTop=3D0=20
	}
}

function _IBSetP()
{
	if( this.mIsOn ) {
		obj=3Dthis.ChgState( gShadowClr,gHiliteClr,2 )
		obj.style.posLeft+=3D1; obj.style.posTop+=3D1
	}
}

function _IBSetD()
{ =20
	obj=3Dthis.ChgState( gFaceClr,gFaceClr,0 )
	obj.style.posTop=3D0=20
}

function _IBSetE( state )
{
	var t=3Dthis
	GetObj( t.mBorderId ).style.visibility=3D"visible"
	if( state !=3D t.mIsOn ) {
		t.mIsOn=3Dstate
		if( state )
			t.SetInactive()
		else
			t.SetDisabled()
	}
}

function _IBP()
{
	var t=3Dthis
	if( t.mIsOn ) {
		if( t.UserAction !=3D null )
			t.UserAction()
		if( t.ChangeIcon ) {
			obj=3DGetObj(t.mObjId)
			if( t.ChangeIcon() )
				obj.style.posLeft=3Dobj.style.posLeft+(t.mCurState-4)*t.mWidth
			else
				obj.style.posLeft=3Dobj.style.posLeft+(t.mCurState-0)*t.mWidth
		}
		t.SetActive()
	} =20
}

function _IBUI( clr1,clr2,nextState )
{
	var t=3Dthis
	SetBorder( GetObj( t.mBorderId ),clr1,clr2 )
	obj=3DGetObj( t.mObjId )
	obj.style.posLeft=3Dobj.style.posLeft+(t.mCurState-nextState)*t.mWidth-obj=
.style.posTop
	t.mCurState=3DnextState
	return obj
}

//-----------------------------------------
function TxtBtn( oId,oeId,action,chkState )
//-----------------------------------------
{
	var t=3Dthis
	t.Perform    =3D _TBP
	t.SetActive  =3D _TBSetA
	t.SetInactive=3D _TBSetI
	t.SetPressed =3D _TBSetP
	t.SetDisabled=3D _TBSetD
	t.SetEnabled =3D _TBSetE
	t.GetState   =3D chkState
	t.UserAction =3D action
	t.ChgState   =3D _TBUI
	t.mObjId      =3D oId
	t.m_elementsId=3D oeId
	t.mIsOn       =3D 1
}

function _TBSetA()
{
	var t=3Dthis
	if( t.mIsOn && !t.GetState() )
		t.ChgState( gHiliteClr,gShadowClr,0,0 )
}

function _TBSetI()
{
	var t=3Dthis
	if( t.mIsOn && !t.GetState() )
		t.ChgState( gFaceClr,gFaceClr,0,0 )
}

function _TBSetP()
{
	if( this.mIsOn )
		this.ChgState( gShadowClr,gHiliteClr,1,1 )
}

function _TBSetD()
{  =20
	this.ChgState( gFaceClr,gFaceClr,0,0 )
	this.mIsOn =3D 0
}

function _TBSetE()
{
	var t=3Dthis
	if( !t.GetState() )
		t.ChgState( gFaceClr,gFaceClr,0,0 )
	else
		t.ChgState( gShadowClr,gHiliteClr,1,1 )
	t.mIsOn =3D 1
}

function _TBP()
{
	var t=3Dthis
	if( t.mIsOn ) {=20
		if( t.UserAction !=3D null )
			t.UserAction()
        if( !t.GetState )
            return
		if( t.GetState() )
			t.SetPressed()
		else
			t.SetActive()
	} =20
}

function _TBUI( clr1,clr2,lOffset,tOffset )
{
	SetBorder( GetObj( this.mObjId ),clr1,clr2 )
	Offset( GetObj( this.m_elementsId ),lOffset,tOffset )
}

function Offset( obj, top, left ){ obj.style.top=3Dtop; obj.style.left=3Dle=
ft }

function SetBorder( obj, upperLeft, lowerRight )
{
	s=3Dobj.style;
	s.borderStyle      =3D "solid"
	s.borderWidth      =3D 1=20
	s.borderLeftColor  =3D s.borderTopColor =3D upperLeft
	s.borderBottomColor=3D s.borderRightColor =3D lowerRight
}

function GetBtnObj(){ return gBtnArr[window.event.srcElement.id] }

function BtnOnOver(){ b=3DGetBtnObj(); if( b !=3D null ) b.SetActive() }

function BtnOnDown(){ b=3DGetBtnObj(); if( b !=3D null ) b.SetPressed() }

function BtnOnOut(){ b=3DGetBtnObj(); if( b !=3D null ) b.SetInactive() }

function BtnOnUp()
{
	b=3DGetBtnObj()
	if( b !=3D null )
		b.Perform()
	else
		Upd()
}
function GetNtsState(){ return parent.gNtsOpen }

function GetOtlState(){ return parent.gOtlOpen }

function GetOtlTxtState(){ return parent.gOtlTxtExp }

function NtsBtnSetFlag( fVal )
{
	s=3Ddocument.all.item( this.m_flagId ).style
	s.display=3D"none"
	if( fVal )
		s.display=3D""
	else
		s.display=3D"none"
}

function _BSetA_Border(){ b =3D gBtnArr[this.mObjId]; if( b !=3D null ) b.S=
etActive() }

function _BSetI_Border(){ b =3D gBtnArr[this.mObjId]; if( b !=3D null ) b.S=
etInactive() }

function _BSetP_Border(){ b =3D gBtnArr[this.mObjId]; if( b !=3D null ) b.S=
etPressed() }

function _BSetA_BorderImg()
{=20
	b =3D gBtnArr[this.mBorderId]=20
	if( b !=3D null && this.mIsOn && !b.GetState() ) {
		obj=3Dthis.ChgState( gHiliteClr,gShadowClr,2 )
		obj.style.posTop=3D0
	}
}

function _BSetI_BorderImg()
{=20
	b =3D gBtnArr[this.mBorderId]
	if( b !=3D null && this.mIsOn && !b.GetState() ) {
		obj=3Dthis.ChgState( gFaceClr,gFaceClr,1 )
		obj.style.posTop=3D0
	}
}


var gHiliteClr=3D"THREEDHIGHLIGHT",gShadowClr=3D"THREEDSHADOW",gFaceClr=3D"=
THREEDFACE"
var gBtnArr =3D new Array()
gBtnArr["nb_otl"] =3D new TxtBtn( "nb_otl","nb_otlElem",parent.ToggleOtlPan=
e,GetOtlState )
gBtnArr["nb_otlElem"] =3D new TxtBtn( "nb_otl","nb_otlElem",parent.ToggleOt=
lPane,GetOtlState )
gBtnArr["nb_nts"] =3D new ImgBtn( "nb_nts","nb_ntsBorder",10,parent.ToggleN=
tsPane )
gBtnArr["nb_nts"].SetActive =3D _BSetA_BorderImg;
gBtnArr["nb_nts"].SetInactive =3D _BSetI_BorderImg;
gBtnArr["nb_ntsBorder"] =3D new TxtBtn( "nb_ntsBorder","nb_ntsElem",parent.=
ToggleNtsPane,GetNtsState )
gBtnArr["nb_ntsElem"] =3D new TxtBtn( "nb_ntsBorder","nb_ntsElem",parent.To=
ggleNtsPane,GetNtsState )
gBtnArr["nb_prevBorder"] =3D gBtnArr["nb_prev"]=3D new ImgBtn( "nb_prev","n=
b_prevBorder",30,parent.GoToPrevSld )
gBtnArr["nb_nextBorder"] =3D gBtnArr["nb_next"]=3D new ImgBtn( "nb_next","n=
b_nextBorder",30,parent.GoToNextSld )
gBtnArr["nb_sldshw"]=3D new ImgBtn( "nb_sldshw","nb_sldshwBorder",18,parent=
.FullScreen )
gBtnArr["nb_sldshwBorder"] =3D new TxtBtn( "nb_sldshw","nb_sldshwBorder",pa=
rent.FullScreen,null )
gBtnArr["nb_sldshwBorder"].SetActive =3D _BSetA_Border;
gBtnArr["nb_sldshwBorder"].SetInactive =3D _BSetI_Border;
gBtnArr["nb_sldshwText"] =3D new TxtBtn( "nb_sldshw","nb_sldshwText",parent=
.FullScreen,null )
gBtnArr["nb_sldshwText"].SetActive =3D _BSetA_Border;
gBtnArr["nb_sldshwText"].SetInactive =3D _BSetI_Border;
gBtnArr["nb_voice"] =3D gBtnArr["nb_voiceBorder"] =3D new ImgBtn( "nb_voice=
","nb_voiceBorder",18,parent.ToggleVNarration )
gBtnArr["nb_otlTxtBorder"] =3D gBtnArr["nb_otlTxt"]=3D new ImgBtn( "nb_otlT=
xt","nb_otlTxtBorder",23,parent.ToggleOtlText )
gBtnArr["nb_ntsBorder"].m_flagId=3D "nb_nts"
gBtnArr["nb_ntsBorder"].SetFlag =3D NtsBtnSetFlag
gBtnArr["nb_otlTxt"].ChangeIcon=3D GetOtlTxtState

/*********************************************
 Context menu implementation

 _CM() is the function that's hooked up to
 the oncontextmenu event. Once we're asked to
 show the menu, we first build it by creating
 DIVs on-the-fly. Then we position it=20
 within the screen area so it doesn't get
 clipped.

 Creating the DIVs using createElement() means
 we don't have to write out any extra HTML
 into the slide HTML files.
**********************************************/
var sNext=3D"Next",sPrev=3D"Previous",sEnd=3D"End Show",sFont=3D"Arial",sAr=
row=3D"Arrow",sFreeform=3D"Freeform",sRect=3D"Rectangle",sOval=3D"Oval"

function ShowMenu()
{
	BuildMenu();
	var doc=3DPPTSld.document.body,x=3DPPTSld.event.clientX+doc.scrollLeft,y=
=3DPPTSld.event.clientY+doc.scrollTop
	m =3D PPTSld.document.all.item("ctxtmenu")
	m.style.pixelLeft=3Dx
	if( (x+m.scrollWidth > doc.clientWidth)&&(x-m.scrollWidth > 0) )
		m.style.pixelLeft=3Dx-m.scrollWidth

	m.style.pixelTop=3Dy
	if( (y+m.scrollHeight > doc.clientHeight)&&(y-m.scrollHeight > 0) )
		m.style.pixelTop=3Dy-m.scrollHeight

	m.style.display=3D""
}

function _CM()
{
	if( !parent.IsFullScrMode() ) return;
	if(!PPTSld.event.ctrlKey) {
		ShowMenu()
		return false
	} else
		HideMenu()
}

function BuildMenu()
{
	if( PPTSld.document.all.item("ctxtmenu") ) return

	var mObj=3DCreateItem( PPTSld.document.body )
	mObj.id=3D"ctxtmenu"
	mObj.style.visibility=3D"hidden"
	var s=3DmObj.style
	s.position=3D"absolute"
	s.cursor=3D"default"
	s.width=3D"120px"
	SetCMBorder(mObj,"menu","black")

	var iObj=3DCreateItem( mObj )
	SetCMBorder( iObj, "threedhighlight","threedshadow" )
	iObj.style.padding=3D2
	CreateMenuItem( iObj,sNext,M_GoNextSld,M_True )
	CreateMenuItem( iObj,sPrev,M_GoPrevSld,M_HasPrevSld )
=09
	CreateSeparator( iObj )
	CreateMenuItem( iObj,sEnd,M_End,M_True )
	mObj.style.visibility=3D"visible"
}

function Cancel() { window.event.cancelBubble=3Dtrue; window.event.returnVa=
lue=3Dfalse }

function Highlight() { ChangeClr("activecaption","threedhighlight") }

function Deselect() { ChangeClr("threedface","menutext") }

function Perform()
{
	e=3DPPTSld.event.srcElement
	if( e.type=3D=3D"menuitem" && e.IsActive() )
		e.Action()
	else
		PPTSld.event.cancelBubble=3Dtrue
}
function ChangeClr( bg,clr )
{
	e=3DPPTSld.event.srcElement
	if( e.type=3D=3D"menuitem" && e.IsActive() ) {
		e.style.backgroundColor=3Dbg
		e.style.color=3Dclr
	}
}

function M_HasPrevSld() { return( parent.HasPrevSld() ) }

function M_GoNextSld() { if( gIsEndShow ) M_End(); else GoToNextSld() }

function M_GoPrevSld() { if( gIsEndShow ) { gIsEndShow=3D0; history.back();=
 PPTSld.event.cancelBubble=3Dtrue; } else GoToPrevSld() }

function M_True() { return true }

function M_End() { window.close( self ) }

function CreateMenuItem( node,text,action,eval )
{
	var e=3DCreateItem( node )
	e.type=3D"menuitem"
	e.Action=3Daction
	e.IsActive=3Deval
	e.innerHTML=3Dtext

	if( !e.IsActive() )
		e.style.color=3D"threedshadow"

	e.onclick=3DPerform
	e.onmouseover=3DHighlight
	e.onmouseout=3DDeselect
	s=3De.style;
	s.fontFamily=3DsFont
	s.fontSize=3D"9pt"
	s.paddingLeft=3D2
}

function CreateSeparator( node )
{
	var sObj=3DCreateItem( node )
	SetCMBorder(sObj,"menu","menu")
	var s=3DsObj.style
	s.borderTopColor=3D"threedshadow"
	s.borderBottomColor=3D"threedhighlight"
	s.height=3D1
	s.fontSize=3D"0px"
}

function CreateItem( node )
{
	var elem=3DPPTSld.document.createElement("DIV")
	node.insertBefore( elem )
	return elem
}

function SetCMBorder( o,ltClr,rbClr )
{
	var s=3Do.style
	s.backgroundColor=3D"menu"
	s.borderStyle=3D"solid"
	s.borderWidth=3D1
	s.borderColor=3DltClr+" "+rbClr+" "+rbClr+" "+ltClr
}
------=_NextPart_01C66AC8.A4796360
Content-Location: file:///C:/C9A8B227/ANewAgeDawning_files/fullscreen.htm
Content-Transfer-Encoding: quoted-printable
Content-Type: text/html; charset="us-ascii"

<html>

<head>
<meta http-equiv=3DContent-Type content=3D"text/html; charset=3Dus-ascii">
<meta name=3DProgId content=3DPowerPoint.Slide>
<meta name=3DGenerator content=3D"Microsoft PowerPoint 11">
<link id=3DMain-File rel=3DMain-File href=3D"../ANewAgeDawning.htm">
<link rel=3DPreview href=3Dpreview.wmf>
<![if IE]>
<base href=3D"file:///C:\C9A8B227\ANewAgeDawning_files\fullscreen.htm"
id=3D"webarch_temp_base_tag">
<![endif]><script src=3Dscript.js></script>
<script><!--
var SCREEN_MODE   =3D "FullScreen";

function Load() {
	str=3Dunescape(document.location.hash),idx=3Dstr.indexOf('#')
	if(idx>=3D0) str=3Dstr.substr(1);
	if(!str) str =3D "slide0001.htm";
=09
	if (MHTMLPrefix !=3D "")
	{
		str =3D RemoveFilePrefixFromHref(str);
		PPTSld.location.replace(MHTMLPrefix+escape(str));=09
	}
	else
	{
		PPTSld.location.replace(str);
	}
}

function Unload() {
	if ( document.body.PPTSldFrameset !=3D null )
		document.body.PPTSldFrameset.frames[1].document.body.resume();
}

//-->
</script>
</head>

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this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
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  <td width=3D"100%">
  <div id=3DPPTP1 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0001.htm');" id=3DPPTL1>A New Age Dawnin=
g</a></font></div>
  <div id=3DPPTC1 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <li>Thoughts on the next five years</li>
   <br>
   <br>
   <li>Murray Consulting Inc</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
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  <td>
  <div id=3DPPTP2 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0002.htm');" id=3DPPTL2>A New Age Dawnin=
g</a></font></div>
  <div id=3DPPTC2 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>Good News &#8211; Bad News</li>
   <br>
   <br>
   <li>&#8220;Change will be evolutionary&#8221;</li>
   <br>
   <br>
   <li>Good -<span style=3D'mso-spacerun:yes'>&nbsp; </span>there is time to
       adapt</li>
   <li>Bad &#8211; there is no pressure to change</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>3</font></div>
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  <td>
  <div id=3DPPTP3 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0003.htm');" id=3DPPTL3><span
  style=3D'mso-spacerun:yes'>&nbsp;</span>A New Age Dawning</a></font></div>
  <div id=3DPPTC3 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>The change brought on by the Internet is only part of the story</li>
   <br>
   <br>
   <li>The change in consumer preference and habit is the real story.<span
       style=3D'mso-spacerun:yes'>&nbsp; </span>The Internet is just a mean=
s by
       which consumers will rearrange our business.</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>4</font></div>
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  <td>
  <div id=3DPPTP4 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0004.htm');" id=3DPPTL4>The Housing Cons=
umer</a></font></div>
  <div id=3DPPTC4 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>According to the 2005 Harris Interactive Study, consumers have shift=
ed
       their preference for selling services from traditional full price fu=
ll
       service to full service at some other, lower price arrangement.</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>5</font></div>
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  <td>
  <div id=3DPPTP5 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0005.htm');" id=3DPPTL5>The Housing Cons=
umer</a></font></div>
  <div id=3DPPTC5 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>It is not for sale by owner that they are shifting to, it &#8220;full
       service&#8221; at a different and often lower price.</li>
   <br>
   <br>
   <li>There are several reasons for these shifts</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>6</font></div>
  </td>
  <td>
  <div id=3DPPTP6 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0006.htm');" id=3DPPTL6>The Housing Cons=
umer</a></font></div>
  <div id=3DPPTC6 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>Competition among sales associates during a time of fewer listings</=
li>
   <br>
   <br>
   <li>Availability of alternative service providers and their growth</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>7</font></div>
  </td>
  <td>
  <div id=3DPPTP7 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0007.htm');" id=3DPPTL7>The Housing Cons=
umer</a></font></div>
  <div id=3DPPTC7 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>Whereas the average home ten years ago was in the hundred thousand r=
ange
       now it is very common to see homes above $300,000 and much, much mor=
e.</li>
   <br>
   <br>
   <li>A growing percent of consumers are price sensitive</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>8</font></div>
  </td>
  <td>
  <div id=3DPPTP8 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0008.htm');" id=3DPPTL8>The Housing Cons=
umer</a></font></div>
  <div id=3DPPTC8 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>Information about how consumers can use the Internet and alternative
       services to<span style=3D'mso-spacerun:yes'>&nbsp; </span>save money=
 is
       much more prevalent than ever before.</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>9</font></div>
  </td>
  <td>
  <div id=3DPPTP9 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0009.htm');" id=3DPPTL9>The Housing Cons=
umer</a></font></div>
  <div id=3DPPTC9 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>In the 2003 Harris/Murray study and the 2004 Edwards study, consumers
       indicated a desire for greater levels of service, wanted to be more
       involved, wanted access to more information and wanted a simplified
       housing purchase process.</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>10</font></div>
  </td>
  <td>
  <div id=3DPPTP10 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0010.htm');" id=3DPPTL10>The Housing Con=
sumer</a></font></div>
  <div id=3DPPTC10 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>There has been a measurable shift in the cultural attributes of buye=
rs
       and sellers.</li>
   <br>
   <br>
   <li>More minorities</li>
   <li>More investors</li>
   <li>More second home purchases</li>
   <li>Younger buyers have different views of our industry than their paren=
ts
       (the Boomers)</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>11</font></div>
  </td>
  <td>
  <div id=3DPPTP11 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0011.htm');" id=3DPPTL11>The Housing Con=
sumer</a></font></div>
  <div id=3DPPTC11 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <li>In a 2004 study entitled &#8220;From Homogeneity to Segmentation&#82=
21;
       prepared for the National Association of Realtors we said that the
       change from homogenous industry to a segmented industry was a forego=
ne
       conclusion.</li>
   <br>
   <br>
   <li>It will be more clear each year that goes by.</li>
   <br>
   <br>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>12</font></div>
  </td>
  <td>
  <div id=3DPPTP12 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0012.htm');" id=3DPPTL12>The Internet</a=
></font></div>
  <div id=3DPPTC12 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>There will be many more entrants into our business who will base the=
ir
       business models on attracting housing consumers to their offering th=
en
       referring to local professionals for basic services.</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>13</font></div>
  </td>
  <td>
  <div id=3DPPTP13 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0013.htm');" id=3DPPTL13>The Internet</a=
></font></div>
  <div id=3DPPTC13 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>But the real story will not be so much who<span
       style=3D'mso-spacerun:yes'>&nbsp; </span>these alternatives are but =
how
       traditional service providers will build their own<span
       style=3D'mso-spacerun:yes'>&nbsp; </span>answers.</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>14</font></div>
  </td>
  <td>
  <div id=3DPPTP14 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0014.htm');" id=3DPPTL14>The Internet</a=
></font></div>
  <div id=3DPPTC14 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>The Internet has provided consumers with tools to get their own answ=
ers
       to all kinds of products and services, process the purchase and in m=
any
       cases lower the cost of the purchase.</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>15</font></div>
  </td>
  <td>
  <div id=3DPPTP15 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0015.htm');" id=3DPPTL15>The Internet</a=
></font></div>
  <div id=3DPPTC15 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>The real story of the Internet and our business will be whether the
       industry meets these new challengers with full bodied Web offerings =
of
       their own together with the service delivery to back up their service
       promise.</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>16</font></div>
  </td>
  <td>
  <div id=3DPPTP16 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0016.htm');" id=3DPPTL16>Packaged Servic=
es</a></font></div>
  <div id=3DPPTC16 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>We are on the front end of the blending of realty offerings together
       with mortgage and settlement services to create seamless packages wi=
th
       service guarantees.</li>
   <br>
   <br>
   <li>Innovators are not waiting for the regulators.</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>17</font></div>
  </td>
  <td>
  <div id=3DPPTP17 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0017.htm');" id=3DPPTL17>Packaged Servic=
es</a></font></div>
  <div id=3DPPTC17 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>The entire nature of the relationship between realty firms that
       integrate these offerings, their peer companies and the Realtor&reg;
       association will change as a result.</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>18</font></div>
  </td>
  <td>
  <div id=3DPPTP18 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0018.htm');" id=3DPPTL18>Packaged Servic=
es</a></font></div>
  <div id=3DPPTC18 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>Further, mortgage and settlement services will also be seeking to
       integrate their own packages with realty service providers to bring
       additional &#8220;packaging&#8221; benefits to their own<span
       style=3D'mso-spacerun:yes'>&nbsp; </span>consumers.</li>
   <br>
   <br>
   <li>Bank of America is just one of the first</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>19</font></div>
  </td>
  <td>
  <div id=3DPPTP19 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0019.htm');" id=3DPPTL19>Segmented marke=
t</a></font></div>
  <div id=3DPPTC19 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>The market for real estate services will become more segmented</li>
   <li>Traditional brokerage</li>
   <li>Flat Fee/Discount brokerage</li>
   <li>Online brokerage</li>
   <li>Fee for service</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>20</font></div>
  </td>
  <td>
  <div id=3DPPTP20 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0020.htm');" id=3DPPTL20>Segmented marke=
t</a></font></div>
  <div id=3DPPTC20 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>The segmented market will place enormous strains on the role of
       associations and MLS</li>
   <br>
   <br>
   <li>What services does a listing or buyer brokerage have to provide to
       deserve a coop fee as it is traditionally understood?</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>21</font></div>
  </td>
  <td>
  <div id=3DPPTP21 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0021.htm');" id=3DPPTL21>Segmented marke=
t</a></font></div>
  <div id=3DPPTC21 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>The segmented market for services will attempt to mimic the segmented
       consumer market.</li>
   <br>
   <br>
   <li>Can the association be seen to stand in the way of consumer demand?<=
/li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>22</font></div>
  </td>
  <td>
  <div id=3DPPTP22 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0022.htm');" id=3DPPTL22>MLS and the Ass=
ociation</a></font></div>
  <div id=3DPPTC22 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>There is no more important challenge than maintaining the association
       and the functions of the MLS in any imaginable future.</li>
   <br>
   <br>
   <li>Without excellent information and the enforcement of appropriate rul=
es,
       the marketplace will dissolve.</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>23</font></div>
  </td>
  <td>
  <div id=3DPPTP23 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0023.htm');" id=3DPPTL23>MLS and the Ass=
ociation</a></font></div>
  <div id=3DPPTC23 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>Brokers and sales professionals expect that the MLS functions as
       efficiently as possible &#8211; and<span style=3D'mso-spacerun:yes'>=
&nbsp;
       </span>this should be the case.</li>
   <br>
   <br>
   <li>Brokers and sales professionals expect that rules will be meaningful=
 to
       the practice and enforced uniformly and quickly.</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>24</font></div>
  </td>
  <td>
  <div id=3DPPTP24 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0024.htm');" id=3DPPTL24>MLS and the Ass=
ociation</a></font></div>
  <div id=3DPPTC24 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <li>Brokers who complain about the MLS and the Association should get and
       stay involved in both &#8211; and contribute to their future.</li>
   <br>
   <br>
   <li>MLS should avoid those services that undermine the innovations of re=
alty
       professionals and stick to their basic value.</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>25</font></div>
  </td>
  <td>
  <div id=3DPPTP25 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0025.htm');" id=3DPPTL25>A New Age Dawni=
ng</a></font></div>
  <div id=3DPPTC25 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>It appears that for the next ten years, demand will continue to outp=
ace
       supply in the aggregate &#8211; more buyers than homes.</li>
   <br>
   <br>
   <li>While the super heated markets of the 2001-2005 period may not repea=
t,
       not are many markets likely to enter a 1998-2003 type stagnant marke=
t.</li>
  </ul>
  </font></div>
  </td>
 </tr>
 <tr onmouseover=3D"Over(this)" onmouseout=3D"Out(this)" onclick=3D"Follow(=
this)"
  style=3D'cursor:hand'>
  <td align=3Dright valign=3Dtop>
  <div class=3DsldNum><font size=3D2>26</font></div>
  </td>
  <td>
  <div id=3DPPTP26 class=3DPTxt><font size=3D2><a
  href=3D"javascript:GoToSld('slide0026.htm');" id=3DPPTL26>A New Age Dawni=
ng</a></font></div>
  <div id=3DPPTC26 class=3DCTxt style=3D'display:none'><font size=3D2>
  <ul>
   <br>
   <li>Even with all the changes, housing consumers still prefer to deal wi=
th a
       real estate professional when buying or selling a home.</li>
   <br>
   <br>
   <li>However, the terms and prices under which they employ them will chan=
ge
       significantly.</li>
  </ul>
  </font></div>
  </td>
 </tr>
</table>



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