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11/7/2003

Nokia Real Estate Solutions Mean Fewer Devices & More Productivity

Friday November 7, 4:30 pm ET

Pocket Real Estate(TM) Wireless Application Demonstrated on The Nokia 3650 Imaging Phone During 2003 REALTORS(R) Conference & Expo


SAN FRANCISCO, Nov. 7 /PRNewswire-FirstCall/ -- Nokia (NYSE: NOK - News) is showcasing their Real Estate Solutions today through November 10th at the annual 2003 REALTORS® Conference and Expo in San Francisco. Nokia Real Estate Solutions empower real estate professionals with key time saving applications like wireless access to Mobile MLS(TM) (multiple listing service), a mortgage calculator, and Agent Care(TM) service accessed directly from the Nokia 3600 and Nokia 3650 imaging phones. Nokia and Pocket Real Estate have collaborated to provide wireless access to the MLS listing database. With Pocket Real Estate(TM) Wireless on the Nokia 3600 and 3650 imaging phones, MLS data is retrieved in real-time, giving you virtually instant access to the latest MLS information.
"Most real estate professionals carry four mobile devices, each with a distinct function. The combination of a device like the Nokia 3650 phone, and applications designed specifically for their needs, busy agents and brokers have an ideal business tool to help them stay informed, remain productive, and connected to their clients and co-workers," said Jake Sagehorn, Nokia's Director & GM, Terminals, Enterprise Solutions. "Working with companies like Pocket Real Estate to enable value-add services such as Mobile MLS Access we are providing agents with a competitive advantage not available to agents tethered to wired Internet access."

Pocket Real Estate Wireless allows you to access the MLS database including active, pending, and sold properties for residential, multi-family, acreage, and lots. In addition to MLS access, the application also features enhanced property searching via a multitude of criteria; access to thousands of agents and their office information; retrieval of full-color MLS photos. Mobile MLS access provided by Pocket Real Estate is currently available in eight MLS markets: Columbus, Dallas, Indianapolis, Memphis, Oklahoma City, Silicon Valley, St. Louis, and Tulsa. The application will be available soon in several other markets.

"Pocket Real Estate is excited to be working with Nokia to offer agents an enhanced wireless solution on the Nokia 3600 and Nokia 3650 imaging phone," said Everett Kaneshige, CEO of Pocket Real Estate. "The benefits are undeniable. Being able to access MLS information wirelessly, in real time, as well as other critical information, take and send property photos to a client and calculate a mortgage while in the field reduces time in the office, improves productivity, increases client communications, and bottom line, closes more deals."

Nokia Real Estate Applications include:
Mobile MLS(TM) View your MLS database including active, pending, and sold
properties on your mobile phone. MLS access provides:
Quick Search -- Locate a property using an MLS # or property address
Properties -- Search for properties using multiple search criteria
Statistics -- Compare previously sold listings to assist in selling a
property
Profiles -- Keep track of prospects and clients
Contacts -- Lookup contact information for any registered agent in local
area

Mortgage Calculator -- Calculate loan information to help your clients
make important buying decisions, specifically:
Monthly Payment -- Calculate monthly payment from a given interest rate,
present value, down payment, and payment period
Total Interest Paid -- Calculates total interest & total amount for term
of mortgage
Advanced Payment Savings -- Calculates savings to both cost and time when
additional monthly payments are made.
Maximum Mortgage -- Takes in the income and debt of the buyer and, along
with interest rate, determines the maximum size affordable house.
Amortization Table -- Shows breakdown of principal interest, and balance
first by years, then by months
Future Value -- Calculate future value of home given appreciation
interest rate
Refinance Loan -- Identify savings in monthly payments when loan is
refinanced


Agent Care(TM) -- Nokia's agent care representatives are trained to help if you have questions using your Real Estate Applications.

Pricing and availability:

The Nokia Real Estate Solution (including device, carrier activation and applications) can now be purchased on line at www.NokiaRealEstate.com . Current owners of the Nokia 3600 and Nokia 3650 imaging phone have the option of purchasing the Nokia Real Estate Applications separately. For new users, the solution can be purchased as a bundled package with the Real Estate Applications already installed.

The Nokia Real Estate Applications (including a 64MB MMC memory card, Mortgage Calculator and one year Mobile MLS(TM) access) is available now through www.NokiaRealEstate.com for $229.00 USD.

For demonstrations at the 2003 REALTORS® Conference and Expo, visit Nokia at booth # 825. For more information about Nokia Real Estate Solutions, please visit www.NokiaRealEstate.com

NOTE: Some features and services are dependent on the carrier network, supported digital content formats, the compatibility of other devices and applications, and other factors. Please refer to the user guide for complete information.

Note: This solution is available for the US market only (including Hawaii).

About Nokia

Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed broadband and IP networks. By adding mobility to the Internet, Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges.

Media (editorial) contact:
Laurie Armstrong
Media Relations
Nokia Americas
972-894-4573
communication.corp@nokia.com




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Source: Nokia

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