Royal LePage Real Estate Brokers Meeting July 2004

Summary of Canadian Real Estate Franchising Activity January 1 – June Source: Real Estate Magazine (REM)

0 New Franchises –Lost 1 Franchise to ReMax – Broker Peter Mueller- 31 Agents in Scarborough Master Franchisor Completed a Going-Private Initiative Re-Flagging, M&A’s

Re-Flagging, M&A’s Cont… Mississauga, Ontario –Added 3 Sales Associates, –Broker Ann Huynh –Lost 3 offices - Royal LePage, Prudential & Coldwell Banker

Prince George, British Columbia –Broker Sid Doucette –8 Sales Associates –Formerly Century 21 Re-Flagging, M&A’s Cont…

1 New Office in Edmonton, Alberta –Added 8 Sales Associates – ed letter to offices “We are actively searching for a Broker(s) /Partner(s) in the Brantford, Cambridge and London areas. We would like to determine your current status and future interest. If you are Broker certified, and in a position to consider owning / managing a potentially fantastic real estate franchise, we would like to hear from you. Please reply so that we may record your interest. “

Parksville British Columbia (Vancouver Island) –Added 8 Sales Associates (announcement 14) –Brokers Wayne Drumbell & Howard Story –Formerly Homelife –Lost 2 offices- Royal LePage & GMAC Re-Flagging, M&A’s Cont…

Greenwood Nova Scotia, –Added 8 Sales Associates –Broker Ron Fleming –Formerly Coldwell Banker Re-Flagging, M&A’s Cont…

Halifax Nova Scotia, –Added 9 Sales Associates –Broker Francis MacDonald & Davis Sala –Start-up Re-Flagging, M&A’s Cont…

Scarborough, Ontario –Acquired 31 Sales Associates and a new location –Broker Frank Colatosti –Total 6 office’s Toronto Area –Formerly Sutton ReMax lost 2 offices – Royal LePage Re-Flagging, M&A’s Cont…

Woodbridge, Ontario –Added 1 Sales Associate –Broker Rajendra Sagar –Formerly Independent Lost 1 Office - Independent Re-Flagging, M&A’s Cont…

Toronto, Ontario –Added 9 Sales Associates –Broker Vivendra Srivastava –Start-up Re-Flagging, M&A’s Cont…

Kelowna, British Columbia –Added 2 Sales Associates –Brokers Ken & Grant Weibe –Start-up Re-Flagging, M&A’s Cont…

Penticton British Columbia –Added 4 Sales Associates –Broker Bill Binfet –Start-up Re-Flagging, M&A’s Cont…

Kamloops, British Columbia –Added 7 Sales Associates –Broker Craig McIntyre –Start-up Re-Flagging, M&A’s Cont…

Edmonton, Alberta –Added 6 Sales Associates –Broker Tom Stratton –Start-up Re-Flagging, M&A’s Cont…

Grand Falls, Newfoundland –Added 2 Sales Associates –Broker Colin Power –Start-up Re-Flagging, M&A’s Cont…

Calgary, Alberta –Added 41 Sales Associates (75 Listings 2003 Per IMS ) –Broker Tim Crough –Formerly Independent Toole Peet Re-Flagging, M&A’s Cont…

Steinbach, Manitoba –Added 17 Sales Associates –Broker Bob Schinkel –Formerly Homelife Re-Flagging, M&A’s Cont…

Red Deer, Alberta –Added 5 Sales Associates –Broker Darryl Sim –Formerly Independent Re-Flagging, M&A’s Cont…

Charlottetown, Prince Edward Island –Added 14 Sales Associates –Brokers Jim Matheson & Blair Fraser –Start-up Re-Flagging, M&A’s Cont…

Toronto, Ontario –Added 40 Sales Associates –Broker Jim Sturino –Formerly Coldwell Banker Re-Flagging, M&A’s Cont…

Fernie, British Columbia –Added 7 Sales Associates –Broker Candace Grey –Formerly Homelife –# 1 Market Share Re-Flagging, M&A’s Cont…

Bancroft, Ontario –Added 7 Sales Associates –Broker Sharon White –Formerly Independent Re-Flagging, M&A’s Cont…

Nakusp & Revelstoke British Columbia –Added 6 Sales Associates –Broker Ken Marshall –Formerly Independent Re-Flagging, M&A’s Cont…

Jasper, Alberta –Added 1 Sales Associate –Broker Richard Potter –Formerly ReMax –# 1 Market Share Re-Flagging, M&A’s Cont…

Campbellton New Brunswick –Added 5 Sales Associates –Broker Dudley Clark –# 1 Market Share Re-Flagging, M&A’s Cont…

Sherbrooke, Quebec –Added 4 Sales Associates –Broker Jean-Francois Toutant –Formerly ReMax Re-Flagging, M&A’s Cont…

No announcements in REM 9 Offices in Canada 297 sales associates

Summary of Agents Added Y-T-D By Franchise System (Without Trans-Action)

Conversion update: Le Groupe Trans-Action

Le Groupe Trans-Action on acquisition day Quebec franchisor founded 20 years ago 3 owners : –Marcel Imbeault (still Executive vice president of Le Groupe Trans-Action) –Jean Limoges (RLP Limoges) –Pierre Tanguay (RLP Multi-Services) 360 agents in 53 franchises 75 locations Gross revenue of 23.8 millions for 2002

Exposure to many new markets Montreal region: Ahuntsic, Villeray/Rosemont, Repentigny/Le Gardeur, Verdun, Pierrefonds, Mercier, Rivière-des-Prairies North Shore: Rosemère, Mont-Laurier South shore: St-Basile-le-Grand, St-Hyacinthe, Mont St-Hilaire, St-Denis, Farnham Other: Joliette, Rivière-du-Loup, Charlevoix, Beauce

Following acquisition day Dominic St-Pierre (Director of franchise services for the Quebec region) and Marcel Imbeault (Executive Vice President of Le Groupe Trans-Action) visited every TA offices. 3 options were presented to them: –Become a RLP franchisee –Remain with TA –Merge with one of our existing franchisee

Offices who converted to RLP

Offices who signed a letter of intent

Offices who have not committed

Offices who left TA

Summary 22 new franchises with 31 locations 3 mergers Converted 239 agents Hired a net amount of 36 agents since converted RLP exposure in 17 new markets 19 agents in 4 offices are committed to convert

Summary of Agents Added Y-T-D By Franchise System (With Trans-Action)