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

• Real Estate Market Analysis Software
• Customer Relationship Management (CRM) Software
• Real Estate Investment Analysis Software
• Geographic Information System (GIS) Software
• Real Estate Valuation Software
• Real Estate Portfolio Management Software
• Real Estate Accounting Software
• Real Estate Marketing Automation Software
• Real Estate Transaction Management Software
• Real Estate Data Analytics Tools

Common products and services typical of NAICS Code 531390-06, illustrating the main business activities and contributions to the market.

• Property Management Consulting
• Real Estate Investment Consulting
• Real Estate Market Analysis
• Real Estate Portfolio Management
• Real Estate Valuation Consulting
• Real Estate Marketing Consulting
• Real Estate Transaction Consulting
• Real Estate Data Analytics Consulting
• Real Estate Investment Trust (REIT) Consulting
• Real Estate Development Consulting

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Certified Commercial Investment Member (CCIM): CCIM is a professional certification in commercial and investment real estate. It is awarded by the CCIM Institute and requires completion of a graduate-level curriculum and passing a comprehensive exam. The certification is recognized globally and signifies expertise in financial analysis, market analysis, user decision analysis, and investment analysis for commercial investment real estate.
• Certified Property Manager (CPM): CPM is a professional certification awarded by the Institute of Real Estate Management (IREM). It requires completion of a rigorous education program, experience in the industry, and passing a comprehensive exam. The certification signifies expertise in managing commercial and residential real estate properties, including financial management, marketing, and tenant relations.
• Accredited Land Consultant (ALC): ALC is a professional certification awarded by the Realtors Land Institute (RLI). It requires completion of a rigorous education program, experience in the industry, and passing a comprehensive exam. The certification signifies expertise in land brokerage, including agricultural, commercial, and residential land sales, as well as land development and management.
• Society Of Industrial and Office Realtors (SIOR): SIOR is a professional organization that awards a certification to commercial real estate professionals who meet certain criteria, including experience, education, and ethical standards. The certification signifies expertise in industrial and office real estate brokerage, including leasing, sales, and development.
• National Association Of Realtors (NAR) Green Designation: The NAR Green Designation is a professional certification awarded by the National Association of Realtors. It requires completion of a comprehensive education program that focuses on sustainable and energy-efficient features in homes and buildings. The certification signifies expertise in green real estate practices and can help real estate professionals market and sell green properties.

A concise historical narrative of NAICS Code 531390-06 covering global milestones and recent developments within the United States.

• The Real Estate Consultants industry has a long history dating back to the early 1900s when the first real estate consulting firms were established in the United States. These firms provided a range of services, including market research, feasibility studies, and investment analysis. In the 1960s, the industry experienced significant growth due to the increasing demand for real estate consulting services. The industry continued to grow in the 1980s and 1990s, with the emergence of new technologies and the globalization of the real estate market. In recent years, the industry has been impacted by the COVID-19 pandemic, which has led to a shift in demand for real estate consulting services as businesses and individuals adapt to the new normal. In the United States, the Real Estate Consultants industry has a more recent history, with the first firms established in the 1970s. The industry experienced significant growth in the 1980s and 1990s, with the emergence of new technologies and the globalization of the real estate market. In recent years, the industry has been impacted by the COVID-19 pandemic, which has led to a shift in demand for real estate consulting services as businesses and individuals adapt to the new normal.

The anticipated future trajectory of the NAICS 531390-06 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The Real Estate Consultants industry is expected to experience growth in the coming years due to the increasing demand for real estate services. The industry is expected to benefit from the growing demand for real estate consulting services from both residential and commercial clients. The industry is also expected to benefit from the increasing number of real estate transactions, which will drive demand for consulting services. Additionally, the industry is expected to benefit from the growing trend of outsourcing real estate consulting services to third-party providers. However, the industry may face challenges due to the increasing competition from other consulting firms and the growing trend of in-house consulting services. Overall, the industry is expected to experience moderate growth in the coming years.

Recent groundbreaking advancements and milestones in the Real Estate Consultants industry, reflecting notable innovations that have reshaped its landscape.

• Virtual Property Tours: Real estate consultants are now using virtual reality technology to provide clients with virtual property tours. This technology allows clients to view properties from the comfort of their own homes, which can save time and money.
• Big Data Analytics: Real estate consultants are now using big data analytics to provide clients with more accurate and detailed market analysis. This technology allows consultants to analyze large amounts of data to identify trends and patterns in the real estate market.
• Sustainability Consulting: Real estate consultants are now providing sustainability consulting services to clients who are interested in reducing their carbon footprint. These services include energy audits, green building certifications, and sustainability planning.
• Social Media Marketing: Real estate consultants are now using social media platforms to market properties to potential buyers. This technology allows consultants to reach a wider audience and provide clients with more exposure.
• Smart Home Technology: Real estate consultants are now incorporating smart home technology into their services. This technology allows clients to control their homes remotely and can increase the value of a property.