Anthony Schools Teams With Coldwell Banker in Los Angeles, Furthers Position As California's Largest Provider of Real Estate Pre-licensure Education

Irvine, CA, March 20, 2003 - Anthony Schools, part of the network of Kaplan Professional Schools, a leading provider of real estate, insurance and securities education, today announced that it has entered into a regional educational agreement with Coldwell Banker, the top real estate brokerage firm in Greater Los Angeles. By terms of the agreement, Anthony Schools will provide pre-licensure education to Coldwell Banker's potential recruits.

In being named Coldwell Banker's provider of choice in California, Anthony Schools strengthens its position as the leading provider of pre-licensure education to California's growing real estate profession. In 2002, more than 50 percent of new state licensees received their pre-licensure education through Anthony. According to data from the state's Department of Real Estate, the number of licensed real estate professionals in California (which includes brokers and salespersons) has been steadily increasing since 1999, totaling more than 333,800 today.

Coldwell recruits will take courses alongside Anthony Schools' students, learning the core competencies necessary to become licensed real estate professionals.

"We're excited to have been recognized as a leading real estate education provider by the largest brokerage company in Greater Los Angeles," said Josh Levenson, President of Kaplan Professional Schools. "One of Kaplan's goals is to increase the level of real estate education, and teaming with a premier company such as Coldwell Banker will help that come to fruition."

"Anthony Schools' high professional standards, integrity and quality of offerings made them a natural choice for us," said Scott Gibson, President of Coldwell Banker of Greater Los Angeles. "This agreement will help ensure that our recruits get the education and training they need to take the exam, get their license and become successful Coldwell Bankers agents."

For over 55 years, Anthony Schools has provided quality education for real estate salespeople, brokers and appraisers, as well as licensing education for contractors. Last year, Anthony Schools served over 55,000 students. Anthony Schools is part of the network of Kaplan Professional Schools, which provide real estate, insurance and securities licensing and continuing education programs through live classroom instruction, Internet-based learning, and correspondence courses. The Kaplan Professional Schools include Anthony Schools in California; Leonard-Hawes Real Estate Schools in Texas; Jones College in Colorado; The Dearborn Real Estate Institute in New Mexico; and ProSource Educational Services in Minnesota. In 2002, these schools served more than 150,000 students.

About Kaplan Professional:
Kaplan Professional, a division of Kaplan, Inc., is a leading provider of education and training solutions to companies and individuals in the financial services, insurance, banking, real estate, legal, information technology, and call center industries. Kaplan Professional meets its clients training, certification and continuing education needs through traditional and e-learning management tools, combining classroom and web-based products and services designed to maximize the performance of people and organizations. Kaplan has been providing educational and career services to students, schools, professionals, and businesses worldwide for more than 60 years. Kaplan is a wholly-owned subsidiary of The Washington Post Company (NYSE: WPO - News). For more information about Kaplan, please visit http://www.kaplan.com.

About Coldwell Banker
Since 1906, the Coldwell Banker® organization has been the premier provider of full-service real estate. In 2002, Franchise Times magazine's prestigious Top 200 issue ranked the organization number one in real estate and number 10 overall. The Coldwell Banker system has more than 3,200 residential and commercial real estate offices with over 90,000 Sales Associates globally. Each office is independently owned and operated except for offices owned and operated by NRT Incorporated. The company is an industry leader in residential real estate, and in niche markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International® division. The company is a pioneer in consumer services with its Coldwell Banker Concierge® program and award-winning Web site, www.coldwellbanker.com. Coldwell Banker Mortgage is one of the largest telephone/web based lenders in the country and Coldwell Banker Commercial® is one of the largest commercial franchise operations with over 400 affiliates offering clients comprehensive buying, selling, leasing, acquisition, disposition and management services. Coldwell Banker Real Estate Corporation, is a subsidiary of Cendant Corporation (NYSE: CD).

Press Contacts:

Karen Blass
212-974-6233
karen_blass@kaplan.com