Prudential California Realty Named as Top 500 Power Broker Has Highest Average Sales Price

For Immediate Release - June 19, 2002

Contact: Cindy Fraze
Title: VP of Corporate Services
Ph: (209) 758-3110
Fax: (209) 576-7364
E-mail: cfraze@prucalifornia.com

PRUDENTIAL CALIFORNIA REALTY NAMED
"TOP 500 POWER BROKER"
HAS HIGHEST AVERAGE SALES PRICE

(MODESTO, California) A recently published article in the April 2002 edition of National Real Estate & Relocation magazine, names Prudential California Realty as a “Top 500 Power Broker.”

In 2001, Prudential California Realty closed 1,402 transactions for a total sales volume of $293,721,682, resulting in a transaction ranking of #392 and a sales volume ranking of #309.

According the statistics reported in the article, Prudential California Realty has the highest average sales price of the area real estate companies ranked in the survey .

“It’s exciting to see that we had the highest average sales price when compared to the other two local brokerages ranked in the article,” says Craig C. Lewis, President and CEO of Prudential California Realty. “As real estate market activity increases, sellers want to know that their brokerage can deliver the highest possible selling price. This article proves we’re the leader in delivering value to our sellers.”

“Although the article is title ‘Power Brokers,’ I’d like to think of it as ‘Power Agents,’” says Lewis. “Our success as an organization is directly related to the dedication and commitment of our agents.”

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Founded in 1965 as Stone Real Estate and transitioning to the Prudential name in 1989, Prudential California Realty (PCR) provides comprehensive real estate service when buying, selling and owning a home. The PCR family of companies includes Prudential Relocation (an independent organization that is part of Prudential Real Estate and Relocation Services), Guarantee Pacific Mortgage, LLC (an affiliate of Wells Fargo Home Mortgage, Inc.), Wolverine Property Management, Sylvan Transaction Services and Prudential Commercial Real Estate (an independently owned and operated member of Prudential Commercial Services). Prudential California Realty is an independently owned and operated member of the Prudential Real Estate Affiliates, Inc. To learn more, visit http://www.PruCalifornia.com/.