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Bridgemarq Real Estate Services Inc
Bridgemarq Real Estate Services Inc

-5.84%

Real estate / Real estate services

At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview

Bridgemarq Real Estate Services Inc. is a publicly traded real estate services company that operates in Canada and the United States. The company was formed in 2018 through the merger of two leading Canadian real estate services companies, Brookfield Real Estate Services Inc. and Bridgemarq Real Estate Services LP.
The company’s primary business is franchising real estate brokerage services under the Royal LePage, Via Capitale Real Estate Network, and Johnston & Daniel brands. As of 2021, Bridgemarq Real Estate Services Inc. has over 18,000 real estate agents and brokers in its network.
The company’s head office is located in Toronto, Canada, and it is currently led by its President and CEO, Phil Soper, who has more than 20 years of experience in the real estate industry.
Bridgemarq Real Estate Services Inc. is listed on the Toronto Stock Exchange under the ticker symbol “BRE” and is a component of the S&P/TSX Composite Index.
History
Bridgemarq Real Estate Services Inc. was formed in 2018 through the merger of two leading Canadian real estate services companies, Brookfield Real Estate Services Inc. and Bridgemarq Real Estate Services LP.
Brookfield Real Estate Services Inc. was previously known as Royal LePage Real Estate Services Ltd. and was founded in 1913. In 1985, Brookfield Asset Management acquired the company and renamed it Brookfield Real Estate Services Inc.
Bridgemarq Real Estate Services LP was founded in 2006 and operated under the name Realogy Canada Ltd. until 2013 when it was renamed to Bridgemarq Real Estate Services LP.
In 2018, the two companies merged to form Bridgemarq Real Estate Services Inc., which became the largest owner and operator of real estate brokerage services in Canada.
Services
Bridgemarq Real Estate Services Inc. provides a range of real estate brokerage services through its franchise brands, Royal LePage, Via Capitale Real Estate Network, and Johnston & Daniel.
These services include buying and selling of residential and commercial properties, relocation services, property management, and mortgage brokerage.
The company also offers training, technology, marketing, advertising, and other services to its franchisees.
In addition, Bridgemarq Real Estate Services Inc. provides a suite of services for real estate agents and brokers, including access to a national referral network, professional development programs, and discounted products and services.
Corporate Social Responsibility
Bridgemarq Real Estate Services Inc. has a strong commitment to corporate social responsibility and is actively involved in supporting various charities and community initiatives across Canada.
The company’s philanthropic efforts are focused on improving the lives of youth, families, and individuals in need within the communities it serves.
Bridgemarq Real Estate Services Inc. also has a partnership with the Royal LePage Shelter Foundation, which aims to support women and children escaping domestic violence and rebuilding their lives.
The company encourages its franchisees and agents to participate in volunteer activities and fundraising events to support these charitable causes.
Conclusion
Bridgemarq Real Estate Services Inc. is a leading real estate services company in Canada, with a strong presence in the United States. The company’s history, range of services, and commitment to corporate social responsibility make it a reputable and reliable choice for individuals and businesses seeking real estate brokerage services.

What is special about the company?

Bridgemarq Real Estate Services Inc is a leading Canadian residential real estate services company that operates under two well-known brands: Royal LePage and Johnston & Daniel. The company offers a comprehensive suite of real estate services, including residential brokerage, commercial brokerage, mortgage brokerage, property management, and real estate franchising.
One of the key features that make Bridgemarq unique is its strong focus on innovation and technology. The company continuously invests in cutting-edge tools and resources to help its agents and brokers provide the best service to their clients. This includes advanced digital marketing strategies, data-driven market insights, and a user-friendly CRM system.
Additionally, Bridgemarq has a strong commitment to corporate social responsibility, with a focus on supporting local communities and sustainable business practices. The company also prioritizes diversity and inclusion, with initiatives to promote and support women and minority representation in the real estate industry.
Overall, Bridgemarq stands out for its strong reputation, industry expertise, and commitment to staying at the forefront of the ever-evolving real estate landscape.

What the company's business model?

Bridgemarq Real Estate Services Inc (formerly known as Brookfield Real Estate Services Inc) is a Canadian residential real estate franchising company. Its business model involves owning and managing a portfolio of real estate agents and brokerages operating under its brand name, Royal LePage.
The company makes its revenue through a combination of franchise fees, royalties, and other fees paid by its franchisees. Franchise fees are typically charged when a new franchisee joins the Royal LePage network, while royalties are based on a percentage of the franchisee’s gross commission income. Additionally, Bridgemarq also generates revenue from other services such as training, marketing, and technology support provided to its franchisees.
Bridgemarq’s business model also includes expanding its franchise network through strategic acquisitions and attracting high-performing independent brokerages to join the Royal LePage brand. This allows the company to increase its market share and strengthen its brand presence in the Canadian real estate market.
Overall, Bridgemarq’s business model is centered around leveraging its trusted brand name, providing support to its franchisees, and continuously growing its network to drive profitability and create value for shareholders.

Interesting facts about the company

1. Bridgemarq Real Estate Services Inc was formerly known as Brookfield Real Estate Services Inc, before rebranding in 2018.
2. The company is based in Toronto, Canada and was founded in 2003.
3. Bridgemarq is the largest residential real estate brokerage network in Canada, with over 18,000 REALTORS® operating under its brand names.
4. The company operates under three primary service brands: Royal LePage, Johnston & Daniel, and Via Capitale.
5. Bridgemarq’s parent company, Brookfield Asset Management, is a global alternative asset manager with approximately $550 billion in assets under management.
6. In addition to its real estate services, Bridgemarq also owns and operates the Real Property Management franchise brand in Canada, providing property management services for residential and commercial properties.
7. Through its Royal LePage brand, Bridgemarq has been a long-standing sponsor of the Canadian Cancer Society’s Relay for Life, raising over $30 million for cancer research and support services.
8. In 2020, Bridgemarq announced a partnership with Brilliant Home Technology, offering its REALTORS® exclusive access to smart home technology products for their clients.
9. Bridgemarq’s CEO, Phil Soper, was named one of the Top 100 Most Powerful People in Real Estate by Swanepoel Power 200 in 2020.
10. In 2019, Bridgemarq was recognized as one of Canada’s Most Admired Corporate Cultures by Waterstone Human Capital.

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