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As announced back in September, GCAAR has been working with the Regional Lockbox Consortium, Inc. (RLC) in negotiations with SentriLock to establish a regional lockbox system in the GCAAR market area.

We are pleased to announce that this conversion will take place in fourth quarter 2008. What does this mean to you? It means that we will be asking you to bring your current Supra keys and lockboxes to a central location. You will be exchanging your Supra keys and lockboxes for SentriLock keys and lockboxes.

Please see the attached update that you were sent in September 2007 for more information on the RLC and the negotiating process.

	SentriLock

Why are we making this change?  When will this happen?  Where will I go?  What do I need to bring?  How long will I be at the conversion?  How much will this cost?  Are all of the area Associations converting at the same time?  How will I access properties in other jurisdictions that have not converted to SentriLock?  How can I access properties in other jurisdictions that have converted to SentriLock before us?

Why are we making this change?

SentriLock is a safe and secure system that utilizes state of the art smart-card technology. Updating is fast and easy. There are reports and other administrative features that distinguish SentriLock from its competitors. SentriLock is REALTOR® owned. The majority owner of SentrLock is the National Association of REALTORS®. SentriLock pricing is very competitive. GCAAR's lease with Supra expires in March, 2008.

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	When will this happen?
	The GCAAR conversion will occur in fourth quarter 2008.

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	Where will I go?
	We are planning to have several conversion sites which will be announced shortly. You will be asked to sign up for a time and place as we get closer to the actual conversion date.

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	What do I need to bring?
	You will need to bring your current Supra key, cradle and all your GCAAR lockboxes.

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	How long will I be at the conversion?
	You should plan on setting aside about 2 hours. You will go through the process of exchanging your keys and lockboxes and then attend mandatory training.

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	How much will this cost?
	Final pricing will be announced shortly. You will be able to exchange all of your Supra GCAAR lockboxes for new SentriLock boxes on a one-for-one basis.

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Are all of the area Associations converting at the same time?

No. Each Association has a separate agreement with their current lockbox vendor. These contracts have independent expiration dates. Accordingly, local associations will be converting on a staggered schedule. Frederick County will convert in March 2008. Baltimore and Anne Arundel Counties will convert in late January and February of 2008. Prince George's County would convert in September 2008. Northern Virginia would convert in February of 2009. A complete list of the conversion dates will be posted on the GCAAR website. One of the goals of the Regional Lockbox Consortium (RLC) is to establish simultaneous expiration dates so that this situation will not occur in the future.

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	How will I access properties in other jurisdictions that have not converted to SentriLock?
	Final details are still being arranged. We are looking into the possibility of other associations creating a "key only membership" that would allow you to access their lockbox system for a nominal fee.

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	How can I access properties in other jurisdictions that have converted to SentriLock before us?
	One of the distinguishing features of the SentriLock product is the one time showing code. If you want to show a property in an area that has already converted to SentriLock, you will be able to get a one time showing code from the listing agent.

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STAY TUNED FOR MORE DETAILS!