TORONTO, April 12, 2013 /CNW/ - Brookfield Real Estate Services Inc. (TSX: BRE) will hold its Annual General Meeting of shareholders on Tuesday May 7th, 2013 at 10:00AM ET at the Hockey Hall of Fame, Spotlight Theatre, located at 30 Yonge St., Toronto, ON.
Shareholders unable to attend in person may listen in online via webcast at http://www.newswire.ca/en/webcast/detail/1142513/1247109. A copy of Brookfield Real Estate Services' Notice of Annual General Meeting and Proxy Forms are available online at www.sedar.com on the Company's profile page.
For additional information, please visit http://www.brookfieldresinc.com/content/investor_centre-25063.html.
About Brookfield Real Estate Services Inc.
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. As at January 1, 2013, the Company network consisted of 15,602 REALTORS®. The Company network has an approximate 24% share of the Canadian residential resale real estate market based on 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 73% 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.
For further information:
Director, Public Relations & National Communications
Brookfield Real Estate Services Inc.