Intermediation service activities for real estate activities
What this code covers
Use this code when the main activity is brokering, selling, renting, or managing real estate transactions for clients on a fee or contract basis.
Official NACE Rev. 2.1 labels and explanatory notes are imported from the source dataset. Plain-language explanations are shown separately so readers can compare interpretation with the source text.
No child codes; this is a class-level code.
- This class includes the intermediation of buying, selling and rental of real estate by bringing clients and sellers or service providers together for a fee or commission. These intermediation activities can be carried out on digital platforms or through non-digital channels (including face-to-face, door-to-door, telephone, mail, and so on). The fee or commission can be received from either the client or the seller of the real estate or the provider of the real estate service. Revenue for the intermediation activities can include other sources of income (for example, revenues from selling advertising space to third parties).
- This class includes the provision of real estate activities by real estate agencies or independent real estate agents:
- intermediation in buying, selling and rental of real estate on a fee or contract basis
- real estate listing services
- activities of real estate escrow agents, see 68.32
- legal activities, see 69.10
- Compare with 68.20, 68.32, 69.10 when the main activity overlaps another code.
- Check national equivalent caveats before using this code for local registration or filing workflows.
- If the main revenue activity appears in an exclusion, compare the alternative code before deciding.
Use this guide as classification support, not legal, tax, filing, or regulatory advice.
- - This class includes the intermediation of buying, selling and rental of real estate by bringing clients and sellers or service providers together for a fee or commission. These intermediation activities can be carried out on digital platforms or through non-digital channels (including face-to-face, door-to-door, telephone, mail, and so on). The fee or commission can be received from either the client or the seller of the real estate or the provider of the real estate service. Revenue for the intermediation activities can include other sources of income (for example, revenues from selling advertising space to third parties).
- - This class includes the provision of real estate activities by real estate agencies or independent real estate agents:
- - intermediation in buying, selling and rental of real estate on a fee or contract basis
- - real estate listing services
- - activities of real estate escrow agents, see 68.32
- - legal activities, see 69.10
- - Residential estate agency
- - Commercial property broker
- - Rental brokerage
- - Landlord renting own property
- - Construction developer
- - Hotel operator
What is NACE 68.31 used for?
Use NACE 68.31 for intermediation service activities for real estate activities when the main activity matches this scope: Use this code when the main activity is brokering, selling, renting, or managing real estate transactions for clients on a fee or contract basis.
What are typical examples for 68.31?
Typical examples include Residential estate agency, Commercial property broker, and Rental brokerage.
When might 68.31 not be the right code?
Review another code when the activity is closer to activities of real estate escrow agents, see 68.32 and legal activities, see 69.10.
Which codes should I compare before choosing 68.31?
Compare 68.31 with 68.20 Rental and operating of own or leased real estate, 68.32 Other real estate activities on a fee or contract basis, and 69.10 Legal activities when the activity description is ambiguous.
Use this code when the main activity is renting out or operating real estate owned or leased by the business.
Use this class for other real estate activities on a fee or contract basis when the main activity includes Activities of rent-collecting agencies and Management of real estate (e.g. property management of real estate or dwellings in joint ownership (mostly carried out on a fee or contract basis)). Check exclusions and nearby codes before applying it to a mixed activity.
Use this class for legal activities when the main activity includes Legal representation of one party’s interest against another party, whether or not before courts or other judicial bodies by, or under the supervision of, persons who are members of the bar: and Advice and representation in civil cases. Check exclusions and nearby codes before applying it to a mixed activity.
Use this group for the broader activity area of real estate activities on a fee or contract basis, including Intermediation service activities for real estate activities and Other real estate activities on a fee or contract basis. Open the child codes when a more specific code is needed.
Rev. 2 code 68.31 can map to more than one Rev. 2.1 class: 68.31 Intermediation service activities for real estate activities, 68.32 Other real estate activities on a fee or contract basis.
Official close match imported from NACE Rev. 2.1.
Datasets, CRM segments, KYC rules, reporting logic, and historical joins may need review because the activity scope is not a simple unchanged carry-over.
Review the official explanatory notes for each target code and confirm whether the business activity still fits the suggested Rev. 2.1 class.