Analysis
NAICS 531210 is the 2022 national industry for offices of real estate agents and brokers, part of 53121 (Offices of Real Estate Agents and Brokers). Census lists 23 example activities under it in the official index.
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.
Its index entries, the activities Census uses to assign businesses to this code, include agencies, real estate, agents, real estate, auctioning real estate for others (i.e., agents, brokers) and brokerages, real estate, among 23 in all.
Official definition
This industry comprises establishments primarily engaged in acting as agents and/or brokers in one or more of the following: (1) selling real estate for others; (2) buying real estate for others; and (3) renting real estate for others.
Source: US Census Bureau, NAICS 2022 Manual.
Index entries (23)
- Agencies, real estate
- Agents, real estate
- Auctioning real estate for others (i.e., agents, brokers)
- Brokerages, real estate
- Brokers' offices, real estate
- Buyers' agents, real estate, offices
- Buying agencies, real estate
- Buying real estate for others (i.e., agents, brokers)
- Commercial real estate agencies
- Commercial real estate agents' offices
- Exclusive buyers' agencies
- Exclusive buyers' agents, offices of
- Real estate agencies
- Real estate agents' offices
- Real estate brokerages
- Real estate brokers' offices
- Renting real estate for others (i.e., agents, brokers)
- Residential real estate agencies
- Residential real estate agents' offices
- Residential real estate brokerages
- Residential real estate brokers' offices
- Selling real estate for others (i.e., agents, brokers)
- Selling time-share condominiums for others (i.e., agents, brokers)