California Association of REALTORS Products Subsidiary REBS Selects Point2 to Power its Clarus PropertyManager Solution

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San Diego, – Oct. 24, 2011 – Point2 today announced that Real Estate Business Services Inc. (REBS), the subsidiary of the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.) has chosen Point2, a national leader in property management software, to power its Clarus PropertyManager™ solution, an end-to-end property management solution for real estate professionals.

The Point2 Property Manager platform will form the underpinnings for the Clarus PropertyManager™ product that REBS will focus its marketing efforts to REALTOR members in California and nationwide. Point2 will also support future development and provide customer support to Clarus PropertyManager™ brand subscribers.

“As brokers and agents look to expand into property management, Clarus PropertyManager™ will give them the critical tools they need, within a single system and at an extremely compelling price,” said Saul Klein, Point2 senior vice president. “We are excited to partner with REBS on this key project.”

“The Clarus PropertyManager™ platform is highly robust and comprehensive, while offering superior value,” said Robert Bailey, REBS chairman and broker for Bailey Properties. “From unit availability search to credit checks and rent payment online and accounting, the platform delivers and with extreme ease of use.”

Users will also be able to publish rental listings across Point2’s industry-leading listing syndication network that includes over 70 third-party websites and search engines, with 20 of those featuring rental properties.

Clarus PropertyManager™ will make its debut this month and will be priced at $1.00 per unit per month, with a minimum of $50.00 per month. More information about Clarus PropertyManager™ can be obtained at www.ClarusPropertyManager.com.

About REBS

Real Estate Business Services Inc. (REBS) is a subsidiary of the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.) and is the leading provider of real estate products and services to practitioners in California and nationwide. Through its RE FormsNet (REFN) subsidiary, REBS is the creator of ZipForm and WINForms electronic forms software, available to more than 1 million REALTORS nationwide.

Leading the way in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS (www.car.org) is one of the largest state trade organizations in the United States, with nearly 175,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

About Point2

Point2, a Yardi Systems Inc. brand, provides inventory management and online marketing solutions to the real estate and heavy equipment industries across 120 countries, as well as property management software solutions for medium to small size organizations managing up to 1000 units.

More information about Point2 can be found at www.Point2.com. For ongoing news about Point2, please visit www.point2.com/news.asp.

Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255