Description of modifications and changes to the Homebuyer Tax Credit.

3. Homebuyer Tax Credit Changes ERA Neubauer Real Estate, Inc. Same. May not have had an interest in a principal residence for 3 years prior to purchase. First-time Buyer – Definition for eligibility. Same. $8,000 ($4,000 married filing separately). First-time Buyer – Amount of credit. December 1, 2009 – April 30, 2010: Rules as enacted November, 2009. January 1 – November 30, 2009: Rules as enacted February, 2009. Feature

4. Homebuyer Tax Credit Changes ERA Neubauer Real Estate, Inc. Must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years. No provision. Current Homeowner – Definition for eligibility. $6,500 ($3,250 married filing separately). No provision. Current Homeowner – Amount of credit. December 1, 2009 – April 30, 2010: Rules as enacted November, 2009. January 1 – November 30, 2009: Rules as enacted February, 2009. Feature

5. Homebuyer Tax Credit Changes ERA Neubauer Real Estate, Inc. So long as written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close. No provision. Binding Contract Rule Purchases after April 30, 2010. Purchases after November 30, 2009. Termination of Credit December 1, 2009 – April 30, 2010: Rules as enacted November, 2009. January 1 – November 30, 2009: Rules as enacted February, 2009. Feature

6. What the “Phase Out” means. For singles making over $125,000 and couples making over $225,000, the credit is proportionately reduced as incomes approach $145,000 and $245,000 respectively. So if a couple makes $240,000, the excess amount is used to create a fraction 15,000/20,000 (.75) times the credit amount. 75% or $6,000 of the credit would be disallowed . They would still get a $2,000 credit. Homebuyer Tax Credit Changes ERA Neubauer Real Estate, Inc. $225,000 $245,000 $150,000 $170,000 Married $125,000 $145,000 $75,000 $95,000 Single Phase Out Start Income Limit Phase Out Start Income Limit Type December 1, 2009 – April 30, 2010: Rules as enacted November, 2009. January 1 – November 30, 2009: Rules as enacted February, 2009. INCOME LIMITS

7. Homebuyer Tax Credit Changes ERA Neubauer Real Estate, Inc. Purchaser must attach documentation of purchase to tax return. None. Anti-fraud Rule Ineligible. No provision. Purchase by a Dependent $800,000 None. Limitation on Cost of Purchased Home December 1, 2009 – April 30, 2010: Rules as enacted November, 2009. January 1 – November 30, 2009: Rules as enacted February, 2009. Feature