Real estate services involving own or leased property

CPC v2.1 Code: 721

About real estate services involving own or leased property

cpc code 721 covers a wide range of real estate services involving properties that are owned or leased by the service provider. This industry plays a crucial role in the broader economy, facilitating the acquisition, management, and utilization of real estate assets. Real estate services encompass activities such as property management, real estate brokerage, and the provision of related advisory and support services. These services are essential for individuals, businesses, and investors seeking to navigate the complex real estate landscape effectively.

Production process

The key production techniques in the real estate services industry involve the management and coordination of various activities related to property ownership, leasing, and transactions. This includes tasks such as property valuation, marketing and advertising, tenant screening and management, maintenance and repair coordination, and the facilitation of sales and lease agreements. Real estate professionals leverage their expertise, market knowledge, and industry networks to provide comprehensive services to their clients.

Production inputs

The main inputs required for the real estate services industry include skilled personnel, such as real estate agents, property managers, and legal/financial advisors. Additionally, the industry relies on access to property listings, market data, and various technological tools to support their operations. Adequate office space, communication infrastructure, and marketing resources are also essential inputs for real estate service providers.

Production outputs

The primary outputs of the real estate services industry are the various services provided to clients, including property management, real estate brokerage, and related advisory and support services. These outputs are consumed by a wide range of other industries, such as 531 Real estate and 541 Professional, scientific, and technical services, as well as individual consumers seeking to buy, sell, or manage real estate assets.

Family tree for real estate services involving own or leased property

    graph LR
    A["<a href='/classifications/cpc/v2-1/7'>7: Financial and related services; real estate services; and rental and leasing services</a>"]
A --> B["<a href='/classifications/cpc/v2-1/72'>72: Real estate services</a>"]
B --> C["<a href='/classifications/cpc/v2-1/721'>721: Real estate services involving own or leased property</a>"]

    B --> D["<a href='/classifications/cpc/v2-1/722'>722: Real estate services on a fee or contract basis</a>"]

    C --> E["<a href='/classifications/cpc/v2-1/7211'>7211: Rental or leasing services involving own or leased property</a>"]
C --> F["<a href='/classifications/cpc/v2-1/7212'>7212: Trade services of buildings</a>"]
C --> G["<a href='/classifications/cpc/v2-1/7213'>7213: Trade services of vacant and subdivided land</a>"]


    %% Color coordination by level

    classDef level1 color:#000,fill:#a8f9ff,stroke:#333,stroke-width:2px
    classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px
    classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px
    classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px
    classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px



  %% Apply classes
  class A level1
class B level2
class C level3
class D level3
class E level4
class F level4
class G level4

  class C highlight

  %% class A level1
  %% class B,C level2
  %% class D,E,F,G,H,I level2
  %% class J,K,L,M,N,O,P level3
  %% class C highlight