Management Services Agreement

Management Services Agreement

Brookfield Real Estate Services Inc. (“The Company”) controls its operating costs and associated risks by having its services delivered and management provided by Brookfield Real Estate Services Manager Limited (“the Manager”), a subsidiary of Brookfield Asset Management Inc. (“BAM”), through a Management Services Agreement (“MSA”).

The senior management team of the Manager developed and managed the Royal LePage network of REALTORS® prior to the inception in 2003 of the Brookfield Real Estate Services Fund, which was converted at the start of 2011 into a corporate structure, the Company. BAM through a wholly-owned subsidiary holds an approximate 26% interest in the Company.

As a result of this arrangement, the underlying costs of the Company are not complex as they are limited to management fees paid to the Manager under the MSA, public operating costs and carrying costs associated with the Fund’s debt.




© 2014 Brookfield Real Estate Services Inc.