In many cases, such as the rental of heavy construction equipment, the operator is essential to operate the equipment. These activities are excluded from this sector because the client is paying for the expertise and knowledge of the equipment operator, in addition to the rental of the equipment. Establishments renting or leasing equipment with operators are classified in various subsectors of NAICS depending on the nature of the services provided (e.g., transportation, construction, agriculture). The main components of this sector are the real estate lessors industries (including equity real estate investment trusts (REITs) equipment lessors industries (including motor vehicles, computers, and consumer goods) and lessors of nonfinancial intangible assets (except copyrighted works).Įxcluded from this sector are establishments primarily engaged in renting or leasing equipment with operators. In addition, a substantial proportion of property management is self-performed by lessors. These activities are closely related to this sector's main activity, and from a production basis they are included here. This sector also includes establishments primarily engaged in managing real estate for others, selling, renting and/or buying real estate for others, and appraising real estate. The assets may be tangible, as is the case of real estate and equipment, or intangible, as is the case with patents and trademarks. The major portion of this sector comprises establishments that rent, lease, or otherwise allow the use of their own assets by others. The Real Estate and Rental and Leasing sector comprises establishments primarily engaged in renting, leasing, or otherwise allowing the use of tangible or intangible assets, and establishments providing related services.
#Naics code for real estate management manual#
Sector 53 - Real Estate Rental and Leasing - NAICS Manual The last digit designates national industries.
#Naics code for real estate management code#
The NAICS sector code is a six digit number: the first two digits designate the largest business sector, the third digit designates the subsector, the fourth digit designates the industry group, and the fifth digit designates particular industries. Insurance companies use NAICS codes to identify customers by industry code. If so, then your business classification falls under Real Estate Rental and Leasing - NAICS Code 53 - For Commercial Insurance. What's the best way to describe your company's business operations? Are you involved in the Real Estate Rental and Leasing industry? Real Estate Rental and Leasing - NAICS Code 53 - For Commercial Insurance See all the six digit codes that fall under this primary NAICS class code for business insurance underwriting and cost purposes.
Insurance companies use NAICS codes to classify your industry and calculate your premiums. Learn about Real Estate Rental and Leasing - NAICS Code 53 - For Commercial Insurance.
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