Item Entry Into a Material Definitive Agreement.
1.01

On January 12, 2009, Reis, Inc. (the "Company") entered into a letter agreement with David M. Strong, the Company's Senior Vice President, Development, who is primarily responsible for the Company's Gold Peak condominium project. The letter agreement extends Mr. Strong's employment with the Company through July 31, 2009 (his earlier agreement provided for employment through December 31, 2008). Under the letter agreement, (i) Mr. Strong will continue to be paid a salary of $18,750 per month through July 31, 2009; and (ii) Mr. Strong will be entitled to a cash bonus of $98,438 if the Company sells all of the Gold Peak condominium units on or prior to July 31, 2009.

Pursuant to General Instruction F to Form 8-K, a copy of the letter agreement with David M. Strong is attached hereto as Exhibit 99.1 and is incorporated into this Item 1.01 by this reference.

Item Departure of Directors or Certain Officers; Election of Directors;
5.02 Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 13, 2009, James J. Burns, the Company's Vice Chairman, informed the Company that he would be retiring on March 31, 2009. The Company will continue to pay Mr. Burns his current salary of $17,406.25 per month through March 31, 2009. Until March 31, 2009, Mr. Burns will (i) assist the Company in preparing its 2008 financial statements and tax returns and (ii) transition his tax knowledge and processes to other Company personnel.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Letter Agreement dated January 12, 2009, between Reis, Inc. and David M.
Strong.

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