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Dear Realtors:

The Irvine Company Apartment Communities is pleased to announce our Broker/Agent Referral Program that pays a commission of $300.00 per move-in on a lease of 6 months or greater. With over 76 communities throughout Irvine, Newport Beach, Costa Mesa and Tustin Ranch, we can offer you and your clients Orange County’s widest selection in apartment living. The Irvine Company also offers communities in San Diego/La Jolla, Santa Monica, Cupertino, San Jose and Redwood City.

Better yet, there is no need for you to accompany your client to our properties. Just call the rental living Apartment Information Center, speak with a housing specialist and we will personally meet with your client to discuss their specific needs. Or we can do a phone/web search for you, if you’d like to tour with them, personally.

Upon your client’s move-in, we will track & invoice the community on your behalf for your referral commission.

For your clients who need furnished apartments, we offer an extensive, all inclusive, Corporate and Furnished Housing Program, which includes furniture, house wares, and all utilities, with a 31-day minimum stay. Our IAC Suites apartments are totally ‘turn-key’ and perfect for your clients who are in-between homes, remodeling or vacationing in the area. Your month-to-month referrals pay a commission of $100.00.

Please review the Broker/Agent Referral Program detailed on the following page.

We are available to assist you and your clients today. You may call The rental living Apartment Information Center at (800) 422-5115 and for furnished or short-term apartment needs please contact IAC Suites at
(800) 422-5177.

We look forward to working with you.

Sincerely,

Terri Ingram
Leasing Manager rental living Apartment Information Center
Direct (949) 223-0805
Main (949) 223-0800
Toll Free (800) 422-5115
Fax (949) 223-0808

Revised March 5, 2009

BROKER/AGENT REFERRAL PROGRAM

A commission equal to $300.00 (three hundred dollars) per move-in will be paid to licensed Real Estate Brokers and Real Estate Professionals. It’s as easy as 1-2-3.

1. Realtor/Agent can fax the completed registration form to the rental living Apartment Information Center to register client PRIOR to clients first visit/contact with our office.

2. Housing Specialists will be available to meet with clients or Agent to discuss specific needs.

3. Realtor/Agent will receive a commission check in the amount of $300.00 (three hundred dollars) approximately 30 days after client’s move-in date.

The guidelines related to this program are outlined below.

Registration is valid for a period of sixty (60) calendar days from the date of the initial Broker / Agent contact with The rental living Apartment Information Center.

Your client will need to sign a ‘Referral Request Form’ at time of move-in stating that you referred them to IAC.

IAC reserves the right to accept or reject any client as a resident utilizing the same criteria used for any potential resident, including adherence to all State and Federal Fair Housing Laws.

Commissions will not be paid for self-referrals. Broker/Agent cannot collect a referral fee for an apartment that they lease for their own residence.

Commission is payable to Broker upon the execution of our standard lease and receipt of all initial monies due from the referred client.

This policy may be modified or revoked at any time by The Irvine Company informing the rental offices and the rental living Apartment Information Center of the changes in the program. The policy changes will not affect fees due from referrals made prior to the change in the program or which fall within the sixty- (60) day period outlined in item 1 above.

Any disputes concerning a Broker / Agent entitlement to the commission, or disputes, will be determined by IAC management in its good faith business judgment.

The Irvine Company Apartment Community where the referred client leases will be responsible for processing payment to Broker / Agent. Please allow thirty (30) days after the move-in date for payment.

Revised March 5, 2009