Residential building sales on a fee or contract basis, except of time-share ownership properties
CPC v2.1 Code: 72221
About residential building sales on a fee or contract basis, except of time-share ownership properties
cpc code 72221 covers the industry of residential building sales on a fee or contract basis, excluding time-share ownership properties. This industry plays a crucial role in the broader real estate and construction sectors, facilitating the transfer of residential properties between buyers and sellers. The services provided by businesses in this industry are essential for the smooth functioning of the housing market and the overall economy.
Production process
The main production techniques in this industry involve the facilitation of residential property sales transactions. This typically includes activities such as listing properties, marketing them to potential buyers, negotiating sales contracts, and coordinating the closing process. Real estate agents and brokers are the primary service providers in this industry, leveraging their expertise in the local housing market, negotiation skills, and knowledge of relevant laws and regulations.
Production inputs
The key inputs required for this industry include access to a pool of residential properties for sale, a network of potential buyers, and a thorough understanding of the local real estate market. Real estate agents and brokers also rely on various tools and technologies, such as property listing platforms, market analysis software, and legal and financial resources, to effectively carry out their duties.
Production outputs
The primary output of this industry is the successful sale of residential properties, which are then consumed by 72111 Residential building construction and 72112 Nonresidential building construction industries, as well as individual homebuyers. The services provided by this industry also contribute to the overall liquidity and efficiency of the housing market.
Family tree for residential building sales on a fee or contract basis, except of time-share ownership properties
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/v2-1/722'>722: Real estate services on a fee or contract basis</a>"]
C --> D["<a href='/classifications/cpc/v2-1/7222'>7222: Building sales on a fee or contract basis</a>"]
D --> E["<a href='/classifications/cpc/v2-1/72221'>72221: Residential building sales on a fee or contract basis, except of time-share ownership properties</a>"]
D --> F["<a href='/classifications/cpc/v2-1/72222'>72222: Non-residential building sales on a fee or contract basis</a>"]
D --> G["<a href='/classifications/cpc/v2-1/72223'>72223: Sale of time-share properties on a fee or contract basis</a>"]
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%% Apply classes
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class B level2
class C level3
class D level4
class E level5
class F level5
class G level5
class E 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 E highlight