Brookfield Real Estate Services Inc. is a Canada-based real estate services company. The Company provides services to real estate brokers and their agents, who practice predominantly in the residential brokerage segment of the market. The Company provides its services under the Royal LePage, Johnston & Daniel and Via Capitale brand names. The Company earns its revenue primarily by royalties derived from long-term franchise agreements. The Company has approximately 15,377 Canadian REALTORS contracted with approximately 271 Broker-Owners. They operate under approximately 302 franchise agreements from approximately 637 locations. The Company generates royalties with both fixed and variable fee components. Fixed royalty fees are based on the number of agents and fee-paying sales representatives. Variable royalty fees are primarily driven by the volume of business transacted by its agents.