Due to technical difficulties, the Brookfield Real Estate
Services Inc. conference call is now scheduled for 2:00 P.M ET
today
TORONTO, Nov. 11, 2014 /CNW/ - Brookfield Real Estate
Services Inc. (TSX: BRE) today announced that it will host a
conference call on Tuesday November 11,
2014 at 2:00 p.m. ET to
discuss its third 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
Wednesday, November 12 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®. 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 September 30, 2014, the Company
network consisted of 15,593 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.
SOURCE Brookfield Real Estate Services Inc.