Coldwell Banker President & CEO in DC today!

JIM GILLESPIE
President & CEO


COLDWELL BANKER REAL ESTATE LLC
1 CAMPUS DRIVE
PARSIPPANY, NJ 07054-0642
BUS. (973) 407-5346
FAX (973) 407-7217
jimr.gillespie@coldwellbanker.com

October 2, 2009



Dear Coldwell Banker® Brokers/Owners:


Earlier today, Bob Hamrick, president and chief executive officer of Coldwell Banker Premier in Las Vegas, and I met with Senate Majority Leader Harry Reid in his office at the U.S. Capitol Building. We spent nearly 30 minutes with the Senator and his staff discussing the state of the housing industry and the importance for Congress to extend and expand the first-time homebuyer tax credit.

While the Senator admitted that he is spending a great deal of time on the health care issue, I can tell you that he is very much aware of the critical role housing plays in the U.S. economy. Bob and I spoke with him about the impact the $8,000 tax credit has had with first-time homebuyers and how important it is to continue the program beyond the November 30 deadline. We also explained that a further tax credit for all buyers is necessary to impact the move-up buyer and explained that the government’s investment in housing would be recouped by the approximately $63,000 that returns to the local economy with every home sale.

This meeting was another positive step for our industry and showcases the power of our great Coldwell Banker brand. We owe a big debt of gratitude to Bob for arranging this meeting and taking the time from his schedule to be in DC today. Because of the size and scope of our great Coldwell Banker brand and Bob’s standing in the Las Vegas and Nevada business community, the Senator was open to meeting with us.

I urge you to continue to be aggressive with your state’s Congressional delegation and U.S. Senators and urge them to recognize how important housing is to our nation’s economy. If you need any help on your outreach or want me to join you at a meeting, please do not hesitate to call or email.

Thanks again to Bob for his efforts and I look forward to seeing you in Los Angeles on October 12 for the annual Global Management Summit.

Regards,

Jim Gillespie


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