----

----

| x | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF      1934. |
|---|----------------------------------------------------------------------------------------------------|

| o | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|----------------------------------------------------------------------------------------------------|

| DELAWARE                                                                | 05-0554486                                    |
|-------------------------------------------------------------------------|-----------------------------------------------|
| (State      or other jurisdiction ofincorporation      or organization) | (I.R.S.      EmployerIdentification      No.) |

| Large      accelerated filer | o | Accelerated      filer         | o |
|------------------------------|---|--------------------------------|---|
| Non-accelerated      filer   | o | Smaller      reporting company | x |

| Class                               |      | Outstanding      at November 23, 2009 |
|-------------------------------------|--------------------------|---------------------------------------|
| Common      Stock, $.0001 par value |                     | 42,976,548                            |

----

| Item      1.  | Financial      Statements                                              | F-1      - F-16 |
|---------------|------------------------------------------------------------------------|-----------------|
| Item      2.  | Management’s      Discussion and Analysis of Financial Condition | 2               |
| Item      3.  | Quantitative      and Qualitative Disclosures About Market Risk        | 6               |
| Item      4T. | Control      and Procedures                                            | 7               |

| Item      1  | Legal      Proceedings                                           | 8 |
|--------------|------------------------------------------------------------------|---|
| Item      1A | Risk      Factors                                                | 8 |
| Item      2. | Unregistered      Sales of Equity Securities and Use of Proceeds | 8 |
| Item      3. | Defaults      Upon Senior Securities                             | 8 |
| Item      4. | Submission      of Matters to a Vote of Security Holders         | 8 |
| Item      5. | Other      Information                                           | 8 |
| Item      6. | Exhibits      and Reports on Form 8-K                            | 8 |

----

----

|   | 1. | MortgageBrokers.com      Inc. - an Ontario Canada provincially incorporated company that currently      holds our licensure for operating as a mortgage broker in the Province of      Ontario; |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2. | MortgageBrokers.com      Financial Group of Companies Inc. - a Canadian federally incorporated      company, which currently holds our licensure for operating as a mortgage      broker in the Provinces of Newfoundland, Nova Scotia, New Brunswick,      Prince Edward Island and Alberta;and, |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3. | MBKR      Holdings Inc., - a Canadian federally incorporated company, incorporated      on November 24, 2008 for the intended centralization of back office      services in Canada. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4. | MBKR      Franchising Inc., - a Canadian federally incorporated company,      incorporated on January 30, 2009 through which it is the Company’s intent      to become a mortgage brokerage franchisor in  Canada. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Due      in part to a 76 % decrease in our stock price between the closings of      reporting periods, the Company reported a reduction in employee      stock-based compensation accrued during the reporting period of $58,105 as      compared to $237,533 for the same period in 2008.  Due in part      also to decreases in our stock price between reporting periods, the      Company reported a 93% decrease from the same period in 2008 to $20,053 in      stock-based compensation accruals for services associated with our agents,      strategic alliances and consultants.  These accruals are valued      based on stock prices at the end of the period, for which the Company has      no direct influence; therefore it is difficult to analyze related      trends.  In aggregate, these charges were approximately 1.8% of      the reported total operating expenses and the net sum increased our      reported Net Income accordingly.  It is the intent of management      to continue using our stock-based compensation programs to maximize      working capital and align the interests of our employees and mortgage      agents with those of ourshareholders. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Removing      the recovery of accrued legal judgement expenses, an item that skews the      Company’s expense analysis for comparison analysis, 88% of the operating      expenses in the reporting period were associated with agent      commissions.  Reported agent commission fees as a percent of      revenue increased by 2% from the third quarter 2008 as compared to that of      2009 likely associated with changes in the foreign exchange rate between      the periods, an increases in our aggregate mortgage origination volume      between the periods and an increase in the percent of fees paid to several      of our larger agent groups. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Removing      the recovery of accrued legal judgement expenses, an item that skews the      Company’s expense analysis for comparison analysis, 6.6% of the operating      expenses in the reporting period were associated with salaries and      benefits.  Salaries and benefits have not appreciably changed      from the third quarter 2008 as compared to that of  2009. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | 3%      of our operating expenses in the reporting period were associated with      general and administrative expenses.  General and administrative      expenses decreased 52% from the third quarter 2008 as compared to that of      2009 to $147,425 which decrease was likely associated with our incurring      legal and related due diligence expenses in the fall of 2008 associated      with the Company entering into an agreement to acquire a Mortgage      Intelligence, a GMAC company as well as inter-period foreign      exchange. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Occupancy      costs this period were relatively flat compared to 2008 although reported      expenses decreased by 30% from the third quarter of 2008 to $33,158 after      removing the recovery of accrued legal judgement expenses, an item that      skews the Company’s expense analysis for comparison      analysis.  This reported decrease was a direct result of foreign      exchange differences between the periods as previously described herein as      these costs are relatively fixed long term contractual      arrangements. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | On      October 27, 2006, Trisan Equitable Corporation (`Trisan``)`commenced an      action in the Ontario Superior Court in Ontario, Canada against several      parties including MortgageBrokers.com Holdings, Inc. (the ``Company``),      its subsidiary MortgageBrokers.com Inc., and Alex Haditaghi, our principal      shareholder, sole director and chief executive officer.  On      October 3, 2007, a partial summary judgment from the Ontario Superior      Court was awarded to Trisan regarding the matter in an aggregate amount of      CDN$748,671 plus 500,000 shares of our common stock.  The      October 3, 2007 partial summary judgment was appealed by us but the      judgment was upheld on appeal by the Ontario Court of Appeal on March 31,      2008.  Our balance sheet as at June 30, 2009, reflected an      accrual of $644,018 (CDN$748,671) plus interest of $99,818 (CDN$116,039)      related to the Trisan legal judgment.  On July 8, 2009, a full      and final settlement agreement was executed between Trisan and the      defendants including MortgageBrokers.com Holdings, Inc. and its      subsidiary, MortgageBrokers.com Inc., regarding the prior summary judgment      awarded to Trisan and all outstanding and related matters.  The      settlement agreement did not provide for the payment of any monies, the      creation of any obligations or any encumbrances in favor of Trisan, by or      upon Mortgagebrokers.com Holdings Inc. or its subsidiary      MortgageBrokers.com Inc. other than the release of 500,000 shares of      Mortgagebrokers.com Holdings Inc. common stock which were issued in 2006      to Trisan related parties in escrow.  As a result, the Company      reported a negative charge, in the amount of $739,258 during the reporting      period, to reverse the accrued legal judgement  expenses. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Due      in part to a 76 % decrease in our stock price between the closings of      reporting periods as well as due to inter-period employee stock issuances,      the Company reported an increase in employee stock-based compensation      accrued during the reporting period of $36,909 as compared to an expense      adjustment of $103,373 for the same period in 2008.  Due in part      also to decreases in our stock price between reporting periods as well as      due to inter-period mortgage agent stock issuances, the Company reported a      129% decrease from the same period in 2008 and reports an expense      adjustment of $40,262 in stock-based compensation accruals for services      associated with our agents, strategic alliances and      consultants.  These accruals are valued based on stock prices at      the end of the period, for which the Company has no direct influence;      therefore it is difficult to analyze related trends.  In      aggregate, these charges balanced out and had little effect on reported      total operating expenses and the net sum had little effect on our reported      Net Income reported for the 2009 period accordingly.  It is the      intent of management to continue using our stock-based compensation      programs to maximize working capital and align the interests of our      employees and mortgage agents with those of our    shareholders. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Removing      the recovery of accrued legal judgement expenses, an item that skews the      Company’s expense analysis for direct comparison purposes, 91% of the      operating expenses in the reporting period were associated with agent      commissions.  Reported agent commission fees as a percent of      revenues did not appreciably change from the first nine months in 2008 as      compared to that of 2009 likely associated, in part, with changes in the      foreign exchange rate between the periods balanced with an increase in the      percent of fees paid to several of our larger agent      groups.  Commission fees paid to agents have increased in 2009      by approximately 5 basis points resulting in a corresponding decrease in      the Company’s gross margin. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Removing      the recovery of accrued legal judgement expenses, an item that skews the      Company’s expense analysis for direct comparison purposes, 10% of the      operating expenses in the reporting period were associated with salaries      and benefits.  Reported salaries and benefits increased by 5%      from our first nine months ending September 30, 2008, after removing the      recovery of accrued legal judgement expenses, an item that skews the      Company’s expense analysis for comparison analysis as we continued to      invest into developing a stronger management team for the      Company. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | 4.5%      of the operating expenses in the reporting period were associated with      general and administrative expenses, after removing the recovery of      accrued legal judgement expenses, an item that skews the Company’s expense      analysis for direct comparison purposes.  General and      administrative expenses decreased by approximately 32% from our first nine      months ending September 30, 2008 as compared to that of 2009 as we reduced      travel expenses, reduced telephone expenses through long distance plans,      had a reduction in professional fees, and partially due to inter-period      foreign exchange differences. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Occupancy      costs this period were relatively flat during the period compared to 2008      although reported expenses decreased by 16% from the third quarter of 2008      to $103,278.  This reported decrease was a direct result of      foreign exchange differences between the periods as previously described      herein as these costs are relatively fixed long term contractual      arrangements. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | As      described in further detail in the previous section, the Company reported      an accrual reversal, in the amount of $739,258 during the reporting      period, to reverse the accrued legal judgement  expenses. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Cash      and cash equivalents nominally increased by 3% over the reporting      period.  This increase was related to increasing the number of      sales agency mortgage agents by 3% and supporting our existing agent sales      force to increase productivity. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Accounts      payable decreased by 29% over the reporting period to      $1,573,493.  The bulk of this payable amount is Work in Progress      payable following completion of mortgage agent origination compliance      procedures.  Work in Progress mortgage agent commissions payable      typically have an Average Days Payable of 10 business      days.  Other items that make up this amount include accrued      liabilities related to services received but not invoiced as of September      30, 2009 and employee vacation accrual and $264,146 in employee tax      deductions payable (see discussion below).  The Company is in      arrears on the tax withholdings due to Canada Revenue Agency (“CRA”)      related to employee salaries.  As at the end of the reporting      period, the company had a tax liability with CRA of      $264,146.  The Company has negotiated an agreement with CRA      which, if certain conditions are met (remaining current with existing      payroll tax submissions and regular reporting), allows the Company to pay      down the balance in monthly instalments, which are currently $5,000 per      month through to October, 2009 and then to continue to pay monthly      instalments of $10,000 until such time as the company is able to pay the      balance to CRA in a lump sum payment.  In the event that the      Company secures further investment capital, the balance is to be paid off      in full shortly after receipt of the funds.  In addition, CRA      has registered a Certificate in the Canadian Federal Court and the      Property Register of Ontario for the amount owing to CRA.  The      liability currently bears interest at 9%  annually. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Bank      indebtedness decreased by 30% as the Company continues to pay down our      loan facility with a lender. |
|--------------------|--------------------------------------------------------------------------------------------------------------------|

----

----

|   | •      Pertain to the maintenance of records that in reasonable detail accurately      and fairly reflect the transactions and dispositions of the assets of the      company; |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | •      Provide reasonable assurance that transactions are recorded as necessary      to permit preparation of financial statements in accordance with generally      accepted accounting principles, and the receipts and expenditures of the      company are being made only in accordance with authorizations of      management and directors of the Company;and |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | •      Provide reasonable assurance regarding prevention or timely detection of      unauthorized acquisitions, use or disposition of the company's assets that      could have a material effect on the financial  statements. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | Not      Applicable. |
|--------|----------------------|

----

| MORTGAGEBROKERS.COM      HOLDINGS, INC. |
|-----------------------------------------|

| By:    /s/ Alex      Haditaghi                             |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                 Alex Haditaghi                                                                                                                                           |
|                 Principal Executive Officer,                                                                                                                             |
|                 Principal Accounting Officer,                                                                                                                            |
|                 President, Secretary and Director                                                                                                                        |

| NAME                          |   |         TITLE                                  |   | DATE                   |
|-------------------------------|--------|----------------------------------------------------------------------------------------|--------|------------------------|
|                          |   |                                                                                   |   |                   |
|  /s/ Alex      Haditaghi |   |         President,      Secretary and Director |   | November 23,      2009 |
| Alex      Haditaghi           |   |                                                                                   |   |                   |

----

|           MORTGAGEBROKERS.COM      HOLDINGS, INC. AND SUBSIDIARIES  CONDENSED      CONSOLIDATED INTERIM FINANCIAL STATEMENTS  SEPTEMBER      30, 2009 AND 2008  UNAUDITED         |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                             |                |
|----------------------------------------------------------------------------------|---------------------|
| Condensed      Consolidated Balance Sheets                                       | F3                  |
|                                                                             |                |
| Condensed      Consolidated Statements of Operations and Comprehensive    Income | F4                  |
|                                                                             |                |
| Condensed      Consolidated Statements of Cash Flows                             | F5                  |
|                                                                             |                |
| Notes      to Condensed Consolidated Financial Statements                        | F6      – F16 |

----

|                                                                                                                                                                |   | 2009 (Unaudited) |       |    | 2008 (Audited) |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|------------|---------|---------------------|--------|
| ASSETS                                                                                                                                                              |   |
| Current      Assets                                                                                                                                                 |   |                  |       |    |                |   |
| Cash      and cash equivalents                                                                                                                                      |   | $                     | 1,296,048  |    |                | $      | 1,262,321 |   |
| Referral      fees held in trust – restricted                                                                                                                 |   |                  | 7,183      |    |                |   | 17,848 |   |
| Prepaid      expenses                                                                                                                                               |   |                  | 61,072     |    |                |   | 116,211 |   |
|                                                                                                                                                                |   |                  |       |    |                |   |   |   |
| Total      Current Assets                                                                                                                                           |   |                  | 1,364,303  |    |                |   | 1,396,380 |   |
| Equipment, net (note      3)                                                                                                                                        |   |                  | 112,118    |    |                |   | 112,184 |   |
| Equipment Under Capital      Leases                                                                                                                                 |   |                  | 2,149      |    |                |   | 2,424 |   |
|                                                                                                                                                                |   |                  |       |    |                |   |   |   |
| Total      Assets                                                                                                                                                   |   | $                     | 1,478,570  |    |                | $      | 1,510,988 |   |
|                                                                                                                                                                |   |                  |       |    |                |   |   |   |
| LIABILITIES      AND STOCKHOLDERS' DEFICIT                                                                                                                          |   |
| Current      Liabilities                                                                                                                                            |   |                  |       |    |                |   |   |   |
| Bank      indebtedness – current portion                                                                                                                      |   | $                     | 70,042     |    |                | $      | 61,244 |   |
| Accounts      payable and accrued liabilities (note 4)                                                                                                              |   |                  | 1,573,493  |    |                |   | 2,223,326 |   |
| Advances      from related party – current portion (note 5)                                                                                                   |   |                  | 13,843     |    |                |   | 84,425 |   |
| Trust      liability                                                                                                                                                |   |                  | 7,183      |    |                |   | 17,848 |   |
| Obligation      under capital leases - current portion                                                                                                              |   |                  | -          |    |                |   | 1,624 |   |
| Stock-based      compensation accrual - current portion (note 6a)                                                                                                   |   |                  | 29,580     |    |                |   | 41,562 |   |
| Employee      stock-based compensation accrual (note 6b)                                                                                                            |   |                  | 180,687    |    |                |   | 143,779 |   |
|                                                                                                                                                                |   |                  |       |    |                |   |   |   |
| Total      Current Liabilities                                                                                                                                      |   |                  | 1,874,828  |    |                |   | 2,573,808 |   |
| Bank      Indebtedness                                                                                                                                              |   |                  | 11,680     |    |                |   | 56,141 |   |
| Advances      from related party                                                                                                                                    |   |                  | -          |    |                |   | 45,000 |   |
| Stock-based Compensation      Accrual (note 6c)                                                                                                                |   |                  | 96,487     |    |                |   | 124,767 |   |
|                                                                                                                                                                |   |                  |       |    |                |   |   |   |
| Total      Liabilities                                                                                                                                              |   |                  | 1,982,995  |    |                |   | 2,799,716 |   |
|                                                                                                                                                                |   |                  |       |    |                |   |   |   |
| Commitments and      Contingencies (note 10)                                                                                                                        |   |                  |       |    |                |   |   |   |
| STOCKHOLDERS'      DEFICIT                                                                                                                                          |   |                  |       |    |                |   |   |   |
| Capital      Stock                                                                                                                                                  |   |                  |       |    |                |   |   |   |
| Preferred      stock, $0.0001 par value; 5,000,000 shares       authorized, none issued                                                                        |   |                  | -          |    |                |   | - |   |
| Capital      stock, $0.0001 par value; 100,000,000 shares       authorized; 42,976,548 (2008: 42,976,548) issued and       outstanding (note      7) |   |                  | 4,298      |    |                |   | 4,298 |   |
| Additional      Paid-in Capital                                                                                                                                     |   |                  | 4,051,787  |    |                |   | 4,116,807 |   |
| Additional Paid-in Capital -      Warrants (note 8)                                                                                                                 |   |                  | 335,182    |    |                |   | 489,243 |   |
| Subscription      for Stock                                                                                                                                         |   |                  | (220)      |    |                |   | 8,240 |   |
| Subscription Receivable      (note 9)                                                                                                                               |   |                  | -          |    |                |   | (227,540 | )  |
| Treasury      Stock                                                                                                                                            |   |                  | (25,234    | )  |                |   | (25,234 | ) |
| Accumulated      Other Comprehensive Income                                                                                                                         |   |                  | 126,787    |    |                |   | 163,852 |   |
| Accumulated      Deficit                                                                                                                                            |   |                  | (4,997,025 | )       |                |   | (5,818,394 | ) |
|                                                                                                                                                                |   |                  |       |    |                |   |   |   |
| Total      Stockholders' Deficit                                                                                                                                    |   |                  | (504,425   | )  |                |   | (1,288,728 | )  |
|                                                                                                                                                                |   |                  |       |    |                |   |   |   |
| Total      Liabilities and Stockholders' Deficit                                                                                                                    |   | $                     | 1,478,570  |    |                | $      | 1,510,988 |   |
|                                                                                                                                                                |   |                  |       |    |                |   |   |   |

----

|                                                                       |   |                      |       |   |                      |   |        |                 |   |   |                 |   |
|----------------------------------------------------------------------------|--------|---------------------------|------------|--------|---------------------------|--------|-------------|----------------------|--------|--------|----------------------|--------|
|                                                                       |   | Nine MonthsEnded2009 |       |   | Nine      MonthsEnded2008 |   |        | ThreeMonthsEnded2009 |   |   | ThreeMonthsEnded2008 |   |
|                                                                       |   |                      |       |   |                      |   |        |                 |   |   |                 |   |
| Revenues                                                                   |   | $                         | 12,022,101 |   |                      | $      | 11,854,0600 |                 |   | $      | 5,024,799            |   |   | $ | 5,420,443 |   |
|                                                                       |   |                      |       |   |                      |   |        |                 |   |   |                 |   |   |   |   |   |
| Expenses                                                                   |   |                      |       |   |                      |   |        |                 |   |   |                 |   |   |   |   |   |
| Commission      and agent fees                                             |   |                      | 10,157,206 |   |                      |   | 10,002,003  |                 |   |   | 4,422,329            |   |   |   | 4,693,203 |   |
| Salaries      and benefits                                                 |   |                      | 1,158,189  |   |                      |   | 1,098,199   |                 |   |   | 333,260              |   |   |   | 395,106 |   |
| General      and administrative expenses                                   |   |                      | 500,902    |   |                      |   | 732,268     |                 |   |   | 147,425              |   |   |   | 309,360 |  9 |
| Recovery      of Legal Judgement (note 4)                                  |   |                      | (739,258)  |   |                      |   | -           |                 |   |   | (739,258)            |   |   |   | - |   |
| Employee      stock-based compensation (note 6b)                           |   |                      | 36,909     |   |                      |   | (103,373)   |                 |   |   | 58,105               |   |   |   | 237,533 |   |
| Stock      based compensation (note 6c)                                    |   |                      | (11,983)   |   |                      |   | 12,112      |                 |   |   | (2,516)              |   |   |   | 53,750 |   |
| Stock      based compensation (note 6a and 7)                              |   |                      | (28,280)   |   |                      |   | 123,747     |                 |   |   | 22,569               |   |   |   | 227,271 |   |
| Stock      based compensation for services                                 |   |                      | -          |   |                      |   | 5,147       |                 |   |   | -                    |   |   |   | 2,388 |   |
| Occupancy      costs                                                       |   |                      | 103,278    |   |                      |   | 123,259     |                 |   |   | 33,158               |   |   |   | 47,527 |   |
| Depreciation      expense                                                  |   |                      | 20,323     |   |                      |   | 25,812      |                 |   |   | 7,171                |   |   |   | 9,724 |   |
|                                                                       |   |                      |       |   |                      |   |        |                 |   |   |                 |   |   |   |   |   |
| Total      Operating Expenses                                              |   |                      | 11,197,286 |   |                      |   | 12,019,174  |                 |   |   | 4,282,243            |   |   |   | 5,975,862 |   |
|                                                                       |   |                      |       |   |                      |   |        |                 |   |   |                 |   |   |   |   |   |
| Income      (Loss) from Operations                                         |   |                      | 824,815    |   |                      |   | (165,114)   |                 |   |   | 742,556              |   |   |   | (555,419 | ) |
|                                                                       |   |                      |       |   |                      |   |        |                 |   |   |                 |   |   |   |   |   |
| Other      Expenses                                                        |   |                      | 3,446      |   |                      |   | (20,986)    |                 |   |   | 926                  |   |   |   | (7,091 | ) |
|                                                                       |   |                      |       |   |                      |   |        |                 |   |   |                 |   |   |   |   |   |
| Income      (Loss) Before Income Taxes                                     |   |                      | 821,369    |   |                      |   | (186,100)   |                 |   |   | 741,630              |   |   |   | (562,510 | ) |
|                                                                       |   |                      |       |   |                      |   |        |                 |   |   |                 |   |   |   |   |   |
| Provision      for income taxes                                            |   |                      | -          |   |                      |   | -           |                 |   |   | -                    |   |   |   | - |   |
|                                                                       |   |                      |       |   |                      |   |        |                 |   |   |                 |   |   |   |   |   |
| Net      Income (Loss)                                                     |   |                      | 821,369    |   |                      |   | (186,100)   |                 |   |   | 741,630              |   |   |   | (562,510) |   |
|                                                                       |   |                      |       |   |                      |   |        |                 |   |   |                 |   |   |   |   |   |
| Foreign      Currency Translation Adjustment                               |   |                      | (37,065    | )      |                      |   | 46,631      |                 |   |   | 4,886                |   |   |   | 47,861 |   |
|                                                                       |   |                      |       |   |                      |   |        |                 |   |   |                 |   |   |   |   |   |
| Comprehensive      Income (Loss)                                           |   | $                         | 784,304    |   |                      | $      | (139,469)   |                 |   |   | 746,516              |   |   | $ | (514,649 | ) |
|                                                                       |   |                      |       |   |                      |   |        |                 |   |   |                 |   |   |   |   |   |
| Net      income (loss) per share - Basic and Dilutedduring      the period |   | $                         | 0.02       |   |                      | $      | (0.00)      |                 |   | $      | 0.02                 |   |   | $ | (0.01) |   |
|                                                                       |   |                      |       |   |                      |   |        |                 |   |   |                 |   |   |   |   |   |
| Weighted      Average Number of Shares (note 11)                           |   |                      |       |   |                      |   |        |                 |   |   |                 |   |   |   |   |   |
| Outstanding      During the Periods -Basic                                 |   |                      | 42,976,548 |   |                      |   | 38,771,386  |                 |   |   | 42,976,548           |   |   |   | 39,293,611 |   |
| Diluted                                                                    |   |                      | 48,934,101 |   |                      |   | 42,519,276  |                 |   |   | 48,934,101           |   |   |   | 43,041,501 |   |

----

|                                                                                                                                              |   | 2009   |      |   | 2008   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|
|            Csh Flows from Operating Activities                                                                           |   |   |      |   |   |   |
| Net      Income  (loss)                                                                                                                 |   | $      | 821,369   |   |   | $      | (186,100) |   |
| Adjustments      to reconcile Net Income(loss) to net cash used in operating      activities:                                                     |   |   |      |   |   |   |   |   |
|  Depreciation                                                                                                                                |   |   | 20,323    |   |   |   | 25,812 |   |
|  Stock      issued for services                                                                                                              |   |   | -         |   |   |   | 440,577 |   |
|  Employee      stock-based compensation                                                                                                      |   |   | 36,909    |   |   |   | (463,348) |   |
|                   Stock-based      compensation accrual |   |   | (40,263)  |   |   |   | 81,903 |   |
| Recovery      of legal Judgement                                                                                                                  |   |   | (739,258) |   |   |   | - |   |
| (Increase)      decrease in net assets:                                                                                                           |   |   |      |   |   |   |   |   |
| Referral      fees held in tru  st                                                                                                      |   |   | 12,111    |   |   |   | (26,027) |   |
| Prepaid      expense                                                                                                                              |   |   | 65,473    |   |   |   | 72,419 |   |
| Accounts      payable and Accrued Liabilities                                                                                                     |   |   | (148,104) |   |   |   | 709,658 |   |
| Trust      liability                                                                                                                              |   |   | (12,111)  |   |   |   | 26,027 |   |
|                                                                                                                                              |   |   |      |   |   |   |   |   |
| Net      Cash Provided by (Used in) Operating Activities                                                                                          |   |   | 16,449    |   |   |   | 680,921 |   |
|                                                                                                                                              |   |   |      |   |   |   |   |   |
| Cash      Flows from Investing Activities                                                                                                         |   |   |      |   |   |   |   |   |
| Purchase      of equipment                                                                                                                        |   |   | (4,929    | )      |   |   | 2,402 |   |
|                                                                                                                                              |   |   |      |   |   |   |   |   |
| Net      Cash Used in Investing Activities                                                                                                        |   |   | (4,929    | )      |   |   | 2,402 |   |
|                                                                                                                                              |   |   |      |   |   |   |   |   |
| Cash      Flows from Financing Activities                                                                                                         |   |   |      |   |   |   |   |   |
| Repayments      of obligation under capital leases                                                                                                |   |   | (1,700    | )      |   |   | (2,095) |   |
| Repayment      of advances from related party                                                                                                     |   |   | (96,590   | )      |   |   | (70,054) |    |
| (Decrease)  in      bank indebtedness                                                                                                   |   |   | (48,089   | )      |   |   | (9,793) |   |
|                                                                                                                                              |   |   |      |   |   |   |   |   |
| Net      Cash(Used in) Provided by Financing Activities                                                                                           |   |   | (146,379  | )      |   |   | (81,942) |   |
|                                                                                                                                              |   |   |      |   |   |   |   |   |
| Net      (Decrease) Increase  in Cash and CashEquivalents                                                                               |   |   | (134,859) |   |   |   | 601,381 |   |
|                                                                                                                                              |   |   |      |   |   |   |   |   |
| Foreign      Exchange on Balances                                                                                                                 |   |   | 168,586   |   |   |   | 79,640 |   |
|                                                                                                                                              |   |   |      |   |   |   |   |   |
| Cash      and Cash Equivalents - Beginning of Period                                                                                              |   |   | 1,262,321 |   |   |   | 830,852 |   |
|                                                                                                                                              |   |   |      |   |   |   |   |   |
| Cash      and Cash Equivalents - End of Period                                                                                                    |   | $      | 1,296,048 |   |   | $      | 1,511,873 |   |
|                                                                                                                                              |   |   |      |   |   |   |   |   |
| Supplemental      Cash Flow Information                                                                                                           |   |   |      |   |   |   |   |   |
| Interest      paid                                                                                                                                |   | $      | 15,085    |   |   | $      | 20,986 |   |
|                                                                                                                                              |   |   |      |   |   |   |   |   |
| Income      taxes paid                                                                                                                            |   | $      |      |   |   | $      | - |   |

----

| 1.          |  Nature      of Business and Going Concern |
|----------------------------------------------------------|-------------------------------------------------|

----

| 2          |  Summary      of Significant Accounting Policies |
|---------------------------------------------------------|-------------------------------------------------------|

----

| 2          |  Summary      of Significant AccountingPolicies(cont’d) |
|---------------------------------------------------------|--------------------------------------------------------------------|

----

| 3.          |  Equipment,      net |
|----------------------------------------------------------|---------------------------|

|                         |   |   |         |   | Net      BookValue |   | Net      BookValue      |   |
|------------------------------|--------|--------|--------------|--------|--------------------|--------|-------------------------|--------|
|                         |   |   | Accumulated  |   | September      30, |   |  December      31, |   |
|                         | Cost   |   | Depreciation |   | 2009               |   | 2008                    |   |
|                         |   |   |         |   |               |   |                    |   |
| Furniture      and equipment |   | $      | 172,933      |   |               | $      | 85,881                  |   |   | $ | 87,052 |   |   | $ | 87,936 |   |
| Computer      equipment      |   |   | 32,441       |   |               |   | 17,775                  |   |   |   | 14,666 |   |   |   | 12,751 |   |
| Leasehold      improvements  |   |   | 19,265       |   |               |   | 8,865                   |   |   |   | 10,400 |   |   |   | 11,497 |   |
|                         |   |   |         |   |               |   |                    |   |   |   |   |   |   |   |   |   |
|                         |   | $      | 224,639      |   |               | $      | 112,521                 |   |   | $ | 112,118 |   |   | $ | 112,184 |   |
|                         |   |   |         |   |               |   |                    |   |   |   |   |   |   |   |   |   |

| 4.          |  Accrued      Legal Judgment |
|----------------------------------------------------------|-----------------------------------|

| 5.          |  Advances      from Related Party |
|----------------------------------------------------------|----------------------------------------|

----

| 6.         |  Stock-based      Compensation Accrual |
|----------------------------------------------------|---------------------------------------------|

|         | a) | As      of September 30, 2009, the Company has accrued, as stock-based      compensation payable, 493,000 (December 31, 2008 – 377,838) common shares      at a price of $0.06 (December 31, 2008 - $0.11) per share for a total of      $29,580 (December 31, 2008 - $41,562) payable to the parties referred to      in note 10c( ii).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|--------------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    | b) | As      of September 30, 2009, the Company has accrued employee stock-based      compensation 3,011,453 (December 31, 2008- 1,307,078) common shares at a      price of $0.06(December 31, 2008 -$0.11) per share for a total of      $180,687 (December 31, 2008 - $143,779) under its Equity Compensation      Plan referred to in note 7. The      Company adopted the disclosure requirements of ASC 718-10, "Share-Based      Payment" ("ASC 718-10") for stock options and similar equity instruments      (collectively, "options") issued to employees. The Company applies the      fair value base method of accounting as prescribed by ASC 718-10. Under      the fair value based method, compensation cost is measured at the grant      date based on the value of the award and is recognized over the service      period, which is usually the vesting period. For stock options, the fair      value is determined using an option-pricing model that takes into account      the stock price at the grant date, the exercise price, the expected life      of the option, the volatility of the underlying stock and the expected      dividends on it, and the risk-free interest rate over the expected life of      the option.  For restricted stock, the fair value is determined      based on the quoted market price. ASC 718-10 also applies to transactions      in which an entity issues its equity instruments to acquire goods or      services from non-employees. Those transactions must be accounted for      based on the fair value of the consideration received or the fair value of      the equity instruments issued, whichever is more reliably measurable, as      described in note 7.The Company is in the process of creating a policy      for  share based  compensation in regard      to  a RE/MAX obligation  pursuant to our May 25, 2006      amending agreement which expired September 9, 2009. The      Company’s accounting policy for employee stock based compensation is      currently under review by securities regulators.  Under FASB      codification 480-10-25-14: “Certain Obligations to issue a Variable Number      of Shares”, a financial instrument that embodies an unconditional      obligation, or a financial instrument other than an outstanding share that      embodies a conditional obligation, that the issuer must or may settle by      issuing a variable number of its equity shares shall be classified as a      liability if, at inception, the monetary value of the obligation is based      solely or predominantly on any one of the following: a) a fixed monetary      amount known at inception b) variations in something other than the fair      value of the issuer’s equity shares or c) variations inversely related to      changes in the fair value of the issuer’s equity      shares.   The Company maintains that the      number of common shares ultimately issued to the employees is variable as      the number of shares to be issued is determined and approved by the      Company’s senior management and board of directors due to changes in the      fair value of the Company’s shares.  No assurance can be      given that the current accounting treatment will be deemed acceptable by      the securities regulators.  If the accounting treatment is      deemed unacceptable by the securities regulators the Company will restate      its financial statements. |

|   | c) | As      of September 30, 2009, the Company has accrued, as stock-based      compensation 1,608,112 (December 31, 2008 – 1,134,242) common shares at a      price of $0.06 (December 31, 2008 - $0.11) per share for a total of      $96,467 (December 31, 2008 - $124,767) payable to the parties referred to      in note 10a, 10b and 10c(i). |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 7.        |  Capital      Stock |
|----------------------------------------------|--------------------------|

|   | i) | the      purchaser received a warrant (1 warrant = 1 share) to further purchase up      to the total number shares of common stock purchased through the private      placement exercisable at a rate of 20% each year following the anniversary      date of the private placement closure. The warrants are exercisable at a      price 30% below the 30 day fair market price preceding the date such      warrants are exercised. Warrants expire if not exercised within 30 days of      such anniversary date; and |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                          |   | September      30, 2009 |      |   | September      30, 2008 |   |
|-----------------------------------------------------------------------|--------|-------------------------|-----------|--------|-------------------------|--------|
| Number      of Warrants Outstanding                                   |   |                    |      |   |                    |   |
|        at Beginning of Period:                                   |   |                    | 1,267,482 |   |                    |   | 1,689,976 |   |
| Number      of Warrants Exercised:                                    |   |                    | -         |   |                    |   | - |   |
| Warrants      Expired:                                                |   |                    | 422,494   |   |                    |   | 422,494 |   |
| Number      of Warrants Outstanding and Exercisable at End of Period: |   |                    | 844,988   |   |                    |   | 1,267,482 |   |

|   | ii) | further,      pursuant to the execution of a service level agreement, on the anniversary      date of the private placement closure, the Company has agreed to issue a      number of shares of common stock equal to 25% of the number of common      shares purchased in the private placement for ten consecutive anniversary      dates. The receipt of such shares is dependent on the execution and      maintenance in good standing of the terms of a service level agreement for      each of the ten years. The service level agreement included the provisions      of marketing, servicing and promotional  services. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 7.        |  Capital      Stock(cont’d) |
|----------------------------------------------|----------------------------------------|

|     |                    |   |                         |    |   |   |   |   |   |   |
|----------|-------------------------|--------|------------------------------|---------|--------|--------|--------|--------|--------|--------|
| YEAR     | Date      of Issue      |   | AnniversaryStock      Issued |    |   | Price  |   |   | Value  |   |
| 2007     | July      7, 2007       |   |                         | 478,000 |   |   | $      | 0.42   |   |   | $ | 200,760 |   |
| 2008     | September      11, 2008 |   |                         | 490,500 |   |   | $      | 0.11   |   |   | $ | 53,955 |   |
| Subtotal |                    |   |                         | 968,500 |   |   |   |   |   |   |   |   |   |

----

| 8.        |        Additional Paid-in Capital -Warrants |
|----------------------------------------------|--------------------------------------------------|

| 9.        |  Subscription      Receivable |
|----------------------------------------------|------------------------------------|

| 10.          | Commitments      and Contingencies |
|-----------------------------------------------------------|------------------------------------|

----

| 10.          | Commitments      and Contingencies(cont’d) |
|-----------------------------------------------------------|--------------------------------------------------|

|   | “Average      Volume”: | defined      as the average best three out of five years in funded mortgage origination      volume |
|--------|------------------------------------|-----------------------------------------------------------------------------------------------------|

|   | Number      of Warrants: | $8,257      worth of warrants divided by the Strike Price, per CDN $10 million in      Average Volume, adjusted on a pro rata basis, no minimum or maximum      thresholds. The warrants are convertible in common shares on a 1:1      basis. |
|--------|--------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Earnings      Period: | Series      I warrants are earned in the first 5 years following the Effective      Date; |
|--------|-----------------------|-------------------------------------------------------------------------------------------|

|   | Additional      Vestment:      | all      SERIES I warrants are fully vested on the 5th anniversary of the Effective      Date |
|--------|--------------------------------|-----------------------------------------------------------------------------------------------|
|   |                           |                                                                                          |
|   | Determination      Date:  | 5      year anniversary of Effective Date                                                |   |

|   | “Annual      Volume”: | defined      as the total mortgage origination volume executed per 12 month period      following the Effective Date and subsequent 12 month periods following the      anniversary dates of the EffectiveDate |
|--------|-----------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Number      of Warrants: | $1,651      worth of warrants divided by the Strike Price per CDN $10 million in      Annual Volume, adjusted on a pro rata basis, no minimum or maximum      thresholds. The warrants are convertible in common shares on a 1:1      basis. |
|--------|--------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Earnings      Period: | Series      II warrants are earned in the first 5 years following the Effective      Date |
|--------|-----------------------|-------------------------------------------------------------------------------------------|

|   | Additional      Vestment: | All      SERIES II Warrants fully vest 3 years following the Determination      Date |
|--------|---------------------------|--------------------------------------------------------------------------------------|

|   | Determination      Date: | The      Annual Volume is determined on the fifth year anniversary of the Effective      Date |
|--------|--------------------------|-----------------------------------------------------------------------------------------------|

----

| 10.          | Commitments      and Contingencies (cont'd) |
|-----------------------------------------------------------|---------------------------------------------|

|   | Annual      Volume: | defined      as the total funded mortgage origination volume from Maxwell lead referral      executed per 12 month period following the Effective Date and subsequent      12 month periods following the anniversary dates of the Effective      Date |
|--------|---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Number      of Warrants: | $3,000      worth of warrants divided by the Strike Price per CDN $10 million in      Annual Volume, adjusted on a pro rata basis, no minimum or maximum      thresholds. The warrants are convertible in common shares on a 1:1      basis. |
|--------|--------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Earnings      Period:           | Series      III warrants are earned in the first 5 years following the Effective      Date          |   |
|--------|---------------------------------|-----------------------------------------------------------------------------------------------------|--------|
|   |                            |                                                                                                |   |
|   | Additional      Vestment:  | SERIES      III warrants are fully vested on the fifth anniversary of the Effective      Date  |

|    | i) | Pursuant      to a ten year licensing agreement dated January 30, 2006 and amended May      25, 2006, and pursuant to the execution of a one year renewable service      level agreement by the RE/MAX Franchisee, the Company is committed to      issuing to RE/MAX at no cost, warrants for common stock of the Company      based on referrals leading to funded mortgage origination volume. The      RE/MAX Warrant-Based Compensation Program issues warrants (“SERIES IV      Warrants”) as follows based on currentformulae: |
|--------------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Annual      Volume: | defined      as the total funded mortgage origination volume from RE/MAX lead referral      executed per 12 month period following the Effective Date and subsequent      12 month periods following the anniversary dates of the Effective      Date |
|--------|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Number      of Warrants: | $3,000      worth of warrants divided by the Strike Price per $10 million dollars CDN      in Annual Volume, adjusted on a pro rata basis, no minimum or maximum      thresholds. The warrants are convertible in common shares on a 1:1      basis. |
|--------|--------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Earnings      Period: | Series      IV warrants are earned in the first 3 years following the Effective      Date |
|--------|-----------------------|-------------------------------------------------------------------------------------------|

|   | Additional      Vestment: | SERIES      IV warrants are fully vested on the 5th anniversary of the Effective      Date |
|--------|---------------------------|--------------------------------------------------------------------------------------------|

|   | ii) | Pursuant      to the ten year licensing agreement dated January 30, 2006 and amended May      25, 2006, the Company has committed to issuing, at no cost, an aggregate      of 528,118 common shares of the Company on each of the 10 year anniversary      dates of the licensing agreement to those RE/MAX executives and      franchisees that participated in the company’s private placement which      closed on June 9, 2006. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2009 |   | $ | 1,588 |   |
|------|--------|---|-------|--------|
| 2010 |   | $ | 5,432 |   |
| 2011 |   | $ | 3,866 |   |
| 2012 |   | $ | 3,420 |   |

----

| 10.          | Commitments      and Contingencies (cont'd) |
|-----------------------------------------------------------|---------------------------------------------|

| 2009 |   | $ | 2,056 |   |
|------|--------|---|-------|--------|
| 2010 |   | $ | 8,228 |   |
| 2011 |   | $ | 9,873 |   |
| 2012 |   | $ | 3,291 |   |

| 2009 |   | $ | 24,733 |   |
|------|--------|---|--------|--------|
| 2010 |   | $ | 98,935 |   |
| 2011 |   | $ | 98,935 |   |
| 2012 |   | $ | 57,712 |   |

| 11.          |  Earnings      or Loss Per Share |
|-----------------------------------------------------------|---------------------------------------|

|                                                              |   | NineMonthsEnded2009 |       |   | Nine      MonthsEnded2008 |   |       | ThreeMonthsEnded2009 |   |   | ThreeMonthsEnded2008 |   |
|-------------------------------------------------------------------|--------|---------------------|------------|--------|---------------------------|--------|------------|----------------------|--------|--------|----------------------|--------|
|                                                              |   |                |       |   |                      |   |       |                 |   |   |                 |   |
| Weighted      average number of common shares outstanding         |   |                | 42,976,548 |   |                      |   | 38,771,386 |                 |   |   | 42,976,548           |   |   |   | 39,293,611 |   |
| Warrants                                                          |   |                | 844,988    |   |                      |   | 1,267,482  |                 |   |   | 844,988              |   |   |   | 1,267,482 |   |
| Stock      Based Compensation payable (RE/MAX)                    |   |                | 493,000    |   |                      |   | 245,808    |                 |   |   | 493,000              |   |   |   | 245,808 |   |
| Stock      Based Compensation payable (Other)                     |   |                | 1,608,112  |   |                      |   | 1,443,125  |                 |   |   | 1,608,112            |   |   |   | 1,443,125 |   |
| Stock      Based Compensation payable (Employee)                  |   |                | 3,011,453  |   |                      |   | 791,475    |                 |   |   | 3,011,453            |   |   |   | 791,475 |   |
|                                                              |   |                |       |   |                      |   |       |                 |   |   |                 |   |   |   |   |   |
| Weighted-average      number of diluted common shares outstanding |   |                | 48,934,101 |   |                      |   | 42,519,276 |                 |   |   | 48,934,101           |   |   |   | 43,041,501 |   |