NAICS Code 531210-03 - Real Estate

Marketing Level - NAICS 8-Digit

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NAICS CODE 531210-03
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NAICS Code 531210-03 Description (8-Digit)

The Real Estate industry involves the buying, selling, and renting of properties such as land, buildings, and homes. This industry is comprised of real estate agents and brokers who act as intermediaries between buyers and sellers, as well as property managers who oversee the maintenance and leasing of properties. Real estate professionals must have a deep understanding of the local market and be able to provide expert advice to clients on pricing, financing, and legal matters related to property transactions.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 531210 page

Tools

Tools commonly used in the Real Estate industry for day-to-day tasks and operations.

  • Multiple Listing Service (MLS) software
  • Customer Relationship Management (CRM) software
  • Real estate valuation software
  • Electronic signature software
  • Virtual tour software
  • Property management software
  • Real estate marketing tools (e.g. social media, email marketing)
  • Real estate investment analysis software
  • Real estate transaction management software
  • Real estate accounting software

Industry Examples of Real Estate

Common products and services typical of NAICS Code 531210-03, illustrating the main business activities and contributions to the market.

  • Residential real estate
  • Commercial real estate
  • Industrial real estate
  • Agricultural real estate
  • Luxury real estate
  • Vacation properties
  • Real estate development
  • Real estate appraisal
  • Real estate investment trusts (REITs)
  • Real estate crowdfunding

History

A concise historical narrative of NAICS Code 531210-03 covering global milestones and recent developments within the United States.

  • The Real Estate industry has a long and rich history dating back to ancient times. The first recorded real estate transaction dates back to 334 B.C. when Alexander the Great conquered Persia and sold the land to his soldiers. In the United States, the industry began to take shape in the late 1800s with the development of the first skyscrapers in New York City. The industry continued to grow throughout the 20th century, with the introduction of new technologies such as the telephone and the internet, which made it easier for buyers and sellers to connect. In recent years, the industry has been shaped by the rise of online real estate marketplaces such as Zillow and Redfin, which have disrupted traditional brokerage models and made it easier for consumers to buy and sell homes.