What is NAICS code for Rental property?
NAICS Code 531110 – Lessors of Residential Buildings and Dwellings sits in the 2-digit Real Estate and Rental and Leasing sector.
What is Naics Code for Real Estate?
Introduction
Real estate is an important economic sector and the North American Industry Classification System (NAICS) code is used to identify businesses within this sector. The NAICS code for real estate is 531110, which is a six-digit code that identifies the activities related to the buying, selling, and renting of residential and non-residential properties.
What is NAICS Code?
The North American Industry Classification System (NAICS) is a system used by governments, businesses, and other organizations to classify and define economic activities in the United States, Canada, and Mexico. It is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy.
What is NAICS Code for Real Estate?
The NAICS code for real estate is 531110. This code identifies activities related to the buying, selling, and renting of residential and non-residential properties. This includes activities such as renting or leasing of property, managing of residential and commercial real estate, real estate appraising services, and title abstract offices.
FAQs
What are some other NAICS codes related to real estate?
Other NAICS codes related to real estate include:
- 531210 – Offices of Real Estate Agents and Brokers
- 531320 – Offices of Real Estate Appraisers
- 531390 – Other Activities Related to Real Estate
- 541620 – Environmental Consulting Services
- 541690 – Other Scientific and Technical Consulting Services
What is the difference between NAICS and SIC codes?
NAICS (North American Industry Classification System) codes are used to classify businesses in the United States, Canada, and Mexico. SIC (Standard Industrial Classification) codes are used to classify businesses in the United States prior to 1997.
Conclusion
In conclusion, the NAICS code for real estate is 531110. This code identifies activities related to the buying, selling, and renting of residential and non-residential properties. Other related NAICS codes include 531210, 531320, 531390, 541620, and 541690. It is important to note that NAICS codes are different from SIC codes, which were used prior to 1997.