TORONTO, July 23, 2014 /CNW/ - Brookfield Real Estate Services Inc. (TSX: BRE) today announced that it will host a conference call on Wednesday August
6, 2014 at 10:00 a.m. ET to discuss its second quarter financial
results.
To access the call by telephone, please dial (888) 231-8191 or (647)
427-7450. Please connect approximately ten minutes prior to the
beginning of the call to ensure participation. A recording of the
conference call will be available on the Company's website by Thursday
August 7, 2014 at http://www.brookfieldresinc.com/content/investor_centre-25063.html.
Brookfield Real Estate Services Inc. Profile
The Company is a leading provider of services to residential real estate
brokers and their REALTORS®1. The Company generates cash flow from franchise royalties and service
fees derived from a national network of real estate brokers and agents
in Canada operating under the Royal LePage, Via Capitale Real Estate
Network and Johnston & Daniel brand names. At March 31, 2014, the
Company network consisted of 15,685 REALTORS®. The Company network has
approximately one fifth share of the Canadian residential resale real
estate market based on 2013 transactional dollar volume. The Company
generates both fixed and variable fee components. Variable fees are
primarily driven by the total transactional dollar volume from the
sales commissions of REALTORS®, while fixed fees are based on the
number of agents and sales representatives in the network.
Approximately 71% of the Company's revenue is based on fees that are
fixed in nature; this provides revenue stability and helps insulate the
Company's cash flows from market fluctuations. The Company is listed on
the TSX and trades under the symbol "BRE". For further information
about the Company, please visit www.brookfieldresinc.com.
1 REALTOR® is a trademark identifying real estate licensees in Canada who
are members of the Canadian Real Estate Association.
SOURCE Brookfield Real Estate Services Inc.
<p> Tammy Gilmer<br/> Director, Public Relations and National Communications<br/> Brookfield Real Estate Services Inc.<br/> <a href="mailto:tgilmer@brookfieldres.com">tgilmer@brookfieldres.com</a><br/> Tel: 416.510.5783 </p>