The new construction, multiple site auction program promises to be a unique marketing opportunity in today’s marketplace. The excitement and interest generated by an event auction consisting of high quality, new construction properties will certainly capture the market’s attention and focus all qualified buyers squarely on your inventory.

Property Types: New Construction Properties

• Single Family Homes
• Condominiums
• Townhouses

Geographic Property Locations: Massachusetts, Southern NH, Rhode Island

Auction Program:

• Live "New Construction Event Auction" targeted for June 29th
• Auction to be held at Westin Hotel, Waltham, MA
• Four (4) week marketing period prior to auction via numerous marketing channels
   with pre-selected "open house dates"
• Published Minimum Bids for all properties
• A minimum of 40 different properties shall be required by Velocity Marketing before official
   "launch" the marketing campaign for the auction. No payments or commitments required
   until minimum threshold attained

Fee Structure:

• A Buyer’s Premium of six percent (6%) shall be added to the winning bid as commission to
   Velocity Marketing and includes the following:
          □ Existing listing broker commission (up to 2.0%) to be paid out of Buyer’s Premium
          □ If no listing broker, 1.0% to be reimbursed to Seller out of Buyer’s Premium
          □ Cooperating Co-Broke Commission of one percent (1.0%) to be paid out of Buyer’s
             Premium

• Marketing Expenses of $3,000 per unit to be paid by Seller for each unit included in auction
          □ Marketing Expenses to be paid to Velocity Marketing prior to commencement of
             marketing launch (7 weeks prior to auction; May 9, 2008)
          □ Marketing Expenses cover staffing, media outreach, public relations, collateral materials
             and auction expenses