Analysis
NAICS 5312 is the 2022 industry group for offices of real estate agents and brokers, part of 531 (Real Estate).
It has only one more detailed code, 531210, which covers exactly the same activities; the definition, index entries and statistics are on that page.
Between 2018 and 2023 the number of establishments grew 25% and employment rose 16%. The 2018 count used NAICS 2017, so part of a large move can come from codes being redefined rather than from businesses opening or closing.
County Business Patterns counts 163,894 US establishments in this code in 2023, employing 395,264 people at an average annual payroll of $79,090 per employee (67th percentile of national industries). 92% of the establishments have fewer than five employees, which marks it as a small-business industry.
By establishments it ranks 1st of the 3 codes at this level within Real Estate, with 39.5% of them.