NAICS Code 524128-05 - Real Estate Maintenance Protection Plans
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NAICS Code 524128-05 Description (8-Digit)
Hierarchy Navigation for NAICS Code 524128-05
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Tools
Tools commonly used in the Real Estate Maintenance Protection Plans industry for day-to-day tasks and operations.
- Home inspection software
- Property management software
- Customer relationship management (CRM) software
- Accounting software
- Project management software
- Mobile devices (smartphones, tablets)
- Digital cameras
- Measuring tools (tape measures, laser measures)
- Power tools (drills, saws, sanders)
- Safety equipment (gloves, goggles, hard hats)
Industry Examples of Real Estate Maintenance Protection Plans
Common products and services typical of NAICS Code 524128-05, illustrating the main business activities and contributions to the market.
- Home warranty plans
- Home maintenance plans
- Home protection plans
- Home repair plans
- Home service plans
- Home appliance plans
- Home system plans
- Home plumbing plans
- Home electrical plans
- Home HVAC plans
Certifications, Compliance and Licenses for NAICS Code 524128-05 - Real Estate Maintenance Protection Plans
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Home Warranty Insurance License: A license required by the state to sell home warranty insurance policies. The license is issued by the state's insurance department. [source]
- Real Estate Broker License: A license required by the state to act as a real estate broker. The license is issued by the state's real estate commission. [source]
- Home Inspector License: A license required by the state to perform home inspections. The license is issued by the state's home inspector licensing board. [source]
- Insurance Adjuster License: A license required by the state to investigate and adjust insurance claims. The license is issued by the state's insurance department. [source]
- National Home Service Contract Association (NHSCA) Certification: A certification offered by the NHSCA to companies that provide home service contracts. The certification ensures that the company adheres to a code of ethics and meets certain standards. [source]
History
A concise historical narrative of NAICS Code 524128-05 covering global milestones and recent developments within the United States.
- Real Estate Maintenance Protection Plans is a relatively new industry that emerged in the late 1990s. The industry was created to provide homeowners with a comprehensive plan that covers the cost of repairs and maintenance of their homes. The first company to offer this type of service was American Home Shield, which was founded in 1971. The company offered a home warranty that covered the cost of repairs for major home systems and appliances. In the early 2000s, the industry experienced significant growth due to the increasing demand for home warranties. In recent years, the industry has continued to grow due to the increasing popularity of home warranties and the rising cost of home repairs. In the United States, the Real Estate Maintenance Protection Plans industry has experienced significant growth in recent years. The industry has benefited from the increasing popularity of home warranties, which provide homeowners with peace of mind and protection against unexpected repair costs. The industry has also benefited from the rising cost of home repairs, which has made home warranties more attractive to homeowners. In addition, the industry has been able to leverage technology to improve the customer experience and streamline operations. For example, many companies now offer online claims processing and mobile apps that allow customers to easily request service. Overall, the Real Estate Maintenance Protection Plans industry is poised for continued growth in the coming years.
Future Outlook for Real Estate Maintenance Protection Plans
The anticipated future trajectory of the NAICS 524128-05 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The Real Estate Maintenance Protection Plans industry is expected to experience growth in the coming years due to the increasing demand for home warranty services. The industry is expected to benefit from the growing number of households in the United States, which will increase the demand for home warranty services. Additionally, the industry is expected to benefit from the increasing awareness of the benefits of home warranty services, which will drive demand. The industry is also expected to benefit from the increasing number of home sales, which will increase the demand for home warranty services. However, the industry may face challenges due to the increasing competition from other industries that offer similar services. Overall, the Real Estate Maintenance Protection Plans industry is expected to experience growth in the coming years.
Industry Innovations for NAICS Code 524128-05
Recent groundbreaking advancements and milestones in the Real Estate Maintenance Protection Plans industry, reflecting notable innovations that have reshaped its landscape.
- Home warranty companies are now offering coverage for smart home devices, such as thermostats and security systems, to meet the changing needs of homeowners.
- Some companies are offering customizable plans that allow homeowners to choose the coverage that best fits their needs.
- Companies are now offering online claims processing, making it easier and more convenient for homeowners to file claims.
- Some companies are offering coverage for pre-existing conditions, which was previously not covered by most home warranty plans.
- Some companies are offering coverage for appliances and systems that are not typically covered by home warranty plans, such as swimming pools and septic systems.
NAICS Code 524128-05 - Real Estate Maintenance Protection Plans
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