NAICS Code 541191-01 - Abstracters

Marketing Level - NAICS 8-Digit

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NAICS CODE 541191-01
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NAICS Code 541191-01 Description (8-Digit)

Abstracters are professionals who specialize in researching and analyzing public records to provide information on the history of a property. They work in the real estate industry and are responsible for creating abstracts, which are summaries of the legal documents that pertain to a property. Abstracters are also known as title abstractors or land title researchers. Abstracters play a crucial role in the real estate industry as they provide information that is essential for property transactions. They are responsible for ensuring that the title to a property is clear and free of any liens or encumbrances. They also provide information on the ownership history of a property, including any transfers or sales. Abstracters work closely with real estate agents, attorneys, and lenders to ensure that all necessary information is obtained and analyzed. They must have a strong attention to detail and be able to interpret legal documents accurately. Abstracters must also be able to communicate effectively with clients and other professionals in the real estate industry.

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 541191 page

Tools

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

  • Public records databases
  • Title search software
  • Geographic information systems (GIS)
  • Document management software
  • Microsoft Excel
  • Adobe Acrobat
  • Scanner
  • Printer
  • Telephone
  • Email

Industry Examples of Abstracters

Common products and services typical of NAICS Code 541191-01, illustrating the main business activities and contributions to the market.

  • Property title research
  • Title abstracting
  • Title insurance
  • Real estate due diligence
  • Property ownership research
  • Lien searches
  • Property history research
  • Deed searches
  • Chain of title research
  • Property survey research

History

A concise historical narrative of NAICS Code 541191-01 covering global milestones and recent developments within the United States.

  • The history of the Abstracters industry dates back to the early 1800s when the need for land ownership documentation arose in the United States. The industry has since evolved to provide a range of services, including title searches, property surveys, and document preparation. In recent years, the industry has seen notable advancements in technology, with the use of digital platforms and software to streamline processes and improve efficiency. For example, many abstracters now use Geographic Information Systems (GIS) to create detailed maps of properties and their boundaries. Additionally, the industry has seen increased regulation and standardization, with the development of industry-specific certifications and licensing requirements. In the United States, the Abstracters industry has experienced significant growth in recent years, driven by a strong real estate market and increased demand for property-related services. The industry has also seen increased competition, with the emergence of new players and the consolidation of existing firms. Despite these challenges, the industry has continued to innovate and adapt to changing market conditions, with a focus on providing high-quality services and leveraging technology to improve efficiency.