Other Activities Related to Real Estate
Description
This industry comprises establishments primarily engaged in performing real estate related services (except lessors of real estate, offices of real estate agents and brokers, real estate property managers, and offices of real estate appraisers). Illustrative Examples: Real estate escrow agencies Real estate listing services Real estate fiduciaries' offices Landman services
Hierarchy
| Code | Title | Description |
|---|---|---|
| 53 | Real Estate and Rental and Leasing 2-digit sector | The Sector as a Whole The Real Estate and Rental and Leasing sector comprises establishments primarily engaged in renting, leasing, or otherwise allowing the use of tangible or intangible assets, and establishments providing related services. The major portion of this sector comprises establishments that rent, lease, or otherwise allow the use of their own assets by others. The assets may be tangible, as is the case of real estate and equipment, or intangible, as is the case with patents and trademarks. This sector also includes establishments primarily engaged in managing real estate for others, selling, renting, and/or buying real estate for others, and appraising real estate. These activities are closely related to this sector's main activity, and from a production basis they are included here. In addition, a substantial proportion of property management is self-performed by lessors. The main components of this sector are the real estate lessors industries (including equity real estate investment trusts (REITs)); equipment lessors industries (including motor vehicles, computers, and consumer goods); and lessors of nonfinancial intangible assets (except copyrighted works). Excluded from this sector are establishments primarily engaged in renting or leasing equipment with operators. Establishments renting or leasing equipment with operators are classified in various subsectors of NAICS depending on the nature of the services provided (e.g., transportation, construction, agriculture). These activities are excluded from this sector because the client is paying for the expertise and knowledge of the equipment operator, in addition to the rental of the equipment. In many cases, such as the rental of heavy construction equipment, the operator is essential to operate the equipment. Also excluded from this sector are mortgage REITs and establishments primarily engaged in managing the financial portfolio assets of REITs on a fee or commission basis. These establishments are classified in Sector 52, Finance and Insurance. |
| 531 | Real Estate 3-digit subsector | Industries in the Real Estate subsector group establishments primarily engaged in renting or leasing real estate to others; managing real estate for others; selling, buying, or renting real estate for others; and providing other real estate related services, such as appraisal services. This subsector includes equity real estate investment trusts (REITs) primarily engaged in leasing buildings, dwellings, or other real estate property to others. Mortgage REITs are classified in Subsector 525, Funds, Trusts, and Other Financial Vehicles. Establishments primarily engaged in subdividing and developing unimproved real estate and constructing buildings for sale are classified in Subsector 236, Construction of Buildings. Establishments primarily engaged in subdividing and improving raw land for subsequent sale to builders are classified in Subsector 237, Heavy and Civil Engineering Construction. |
| 5313 | Activities Related to Real Estate 4-digit industry group | This industry group comprises establishments primarily engaged in providing real estate services (except lessors of real estate and offices of real estate agents and brokers). Included in this industry group are establishments primarily engaged in managing real estate for others and appraising real estate. |
| 53139 | Other Activities Related to Real Estate 5-digit NAICS industry | See industry description for 531390. |
| 531390 | Other Activities Related to Real Estate 6-digit U.S. detail | This industry comprises establishments primarily engaged in performing real estate related services (except lessors of real estate, offices of real estate agents and brokers, real estate property managers, and offices of real estate appraisers). Illustrative Examples: Real estate escrow agencies Real estate listing services Real estate fiduciaries' offices Landman services |
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Classification References
- 01Acting as lessors of real estate--are classified in Industry Group 5311, Lessors of Real Estate;
- 02Selling, buying, and/or renting real estate for others--are classified in Industry 531210, Offices of Real Estate Agents and Brokers;
- 03Managing real estate for others--are classified in Industry 53131, Real Estate Property Managers;
- 04Estimating fair market value of real estate--are classified in Industry 531320, Offices of Real Estate Appraisers;
- 05Researching public land records for ownership of titles and/or conveying real estate titles--are classified in U.S. Industry 541191, Title Abstract and Settlement Offices; and
- 06Underwriting or acting as agents in selling real estate title insurance policies--are classified in Subsector 524, Insurance Carriers and Related Activities.
Index Items
Agencies, real estate escrow
Agents' offices, real estate escrow
Consultants', real estate (except appraisers), offices
Escrow agencies, real estate
Fiduciaries', real estate, offices
Landman services
Listing services, real estate
Real estate asset management services (except property management)
Real estate consultants' (except agents, appraisers) offices
Real estate escrow agencies
Real estate escrow agents' offices
Real estate fiduciaries' offices
Real estate listing services
How Item Can Help
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External Resources
Census.gov NAICS Detail
Official US Census Bureau definition and scope for NAICS 531390.
National Association of Realtors
Provides industry news, tools, and advocacy for real estate professionals in the United States.
US Department of Housing and Urban Development
Offers official guidance on housing policies, consumer protection, and real estate practices.
RealEstatePage
A comprehensive resource directory for real estate agents, brokers, and related service providers.
