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S. Stuntr,
              Mayo         Jr.
              Ereqdive Yice Pnsident
                        Oficer
              Chief 0perating




                                             February  26,1997




                                             Curt Sommers
                                             CENTURY 21 Rolling  Oaks
                                             77 Rolling  Oaks  Drive
                                             Thousand  Oaks,  CA  91361


                                             Dear  Curt:

                                             I welcome  this  opportunity  to congratulate  you on your
                                            outstanding  performance  in achieving the 1996 CENTUzuON'
                                            sales  associate  award.


                                            You have  joined  a select  yet  dynamic  group  of sales associates
                                            who are vital to growing the  CENTURY 2l@  system. Your
                                            commitment and  dedication  to representing  the values  of
                                            CENTURY 2l  organization,  combined with superior  service.  set
                                            high benchmark  for all sales  associates to follow. You are to be
                                            commended for your pursuit  to a personal  best  within the
                                            organization.


                                            In response  to your commitment.  we pledge  to provide you with
                                            the  tools  you need to build  upon  your  success.  Your outstanding
                                            performance  represents the CENTURY 21 system at its best.  and
                                            we are  determined  to uphold and strensthen the service level  vou
                                            have  set.

                                            I join the entire CENTURY 2l  team in congratulating  vou,  once
                                            again.  on your achievement and look forward to your continued
                                            success  in 1997.

                                            Sincerely,
                                           rvry,





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