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

• Real Estate CRM software
• Virtual tour software
• Property management software
• Real estate website builder
• Electronic signature software
• Real estate marketing automation software
• Real estate lead generation software
• Real estate accounting software
• Real estate transaction management software
• Real estate data analytics software

Common products and services typical of NAICS Code 531390-10, illustrating the main business activities and contributions to the market.

• Property management
• Real estate marketing
• Real estate photography
• Real estate appraisal
• Real estate staging
• Real estate investment analysis
• Real estate legal services
• Real estate brokerage support
• Real estate lead generation
• Real estate transaction coordination

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

• Certified Property Manager (CPM): A certification provided by the Institute of Real Estate Management (IREM) that recognizes expertise in property management. The certification requires a combination of education, experience, and passing an exam.
• Certified Commercial Investment Member (CCIM): A certification provided by the CCIM Institute that recognizes expertise in commercial and investment real estate. The certification requires a combination of education, experience, and passing an exam.
• Accredited Residential Manager (ARM): A certification provided by the Institute of Real Estate Management (IREM) that recognizes expertise in residential property management. The certification requires a combination of education, experience, and passing an exam.
• Real Property Administrator (RPA): A certification provided by the Building Owners and Managers Association (BOMA) that recognizes expertise in property management. The certification requires a combination of education, experience, and passing an exam.
• Certified Real Estate Brokerage Manager (CRB): A certification provided by the Real Estate Business Institute (REBI) that recognizes expertise in brokerage management. The certification requires a combination of education, experience, and passing an exam.

A concise historical narrative of NAICS Code 531390-10 covering global milestones and recent developments within the United States.

• The Real Estate Support Services industry has been around for centuries, with the earliest known real estate transactions dating back to ancient Greece and Rome. However, the modern real estate industry as we know it today began to take shape in the late 19th century, with the establishment of real estate brokerages and the development of standardized real estate contracts. In the United States, the industry experienced significant growth in the post-World War II era, as suburbanization and the rise of the middle class led to a boom in residential real estate. In recent years, the industry has been shaped by technological advancements, such as the rise of online real estate marketplaces and the use of big data to inform real estate decisions.

The anticipated future trajectory of the NAICS 531390-10 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The Real Estate Support Services industry is expected to grow in the coming years due to the increasing demand for property management services. The industry is expected to benefit from the growth of the real estate market, as more people are investing in real estate. Additionally, the industry is expected to benefit from the increasing demand for property management services from commercial and residential property owners. The industry is also expected to benefit from the increasing use of technology in property management, which is expected to improve efficiency and reduce costs. However, the industry is also expected to face challenges such as increasing competition and regulatory changes.

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

• Virtual Property Tours: Real Estate Support Services companies are now offering virtual property tours, which allow potential buyers to view properties remotely. This innovation has become increasingly popular during the COVID-19 pandemic, as it allows people to view properties without leaving their homes.
• Smart Home Technology: Real Estate Support Services companies are now offering smart home technology, which allows property owners to remotely control their homes. This technology can be used to control lighting, heating, and security systems.
• Online Rent Payment: Real Estate Support Services companies are now offering online rent payment, which allows tenants to pay their rent online. This innovation has become increasingly popular, as it allows tenants to pay their rent more conveniently.
• Property Management Software: Real Estate Support Services companies are now using property management software, which allows them to manage properties more efficiently. This software can be used to manage leases, track maintenance requests, and generate reports.
• Energy-Efficient Buildings: Real Estate Support Services companies are now focusing on energy-efficient buildings, which can help property owners save money on energy costs. This innovation has become increasingly popular, as it allows property owners to reduce their carbon footprint and attract environmentally conscious tenants.